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Even better: work remotely or move closer to the office or change work location closer to home.
by dennisgorelik 15y ago
Even better: work remotely or move closer to the office or change work location closer to home.
- Markku 15y agoA rough example. Moving closer costs 100K more, working for 200 days a year, less commuting provides 1.5 hours more time per day, same client (place of work) for five years. Cost of hour of free time is (/ 100000 200 1.5 5) = 66.7 units of money per hour. Worth it? Don't think so. Working remotely is often impossible because of security policies and also not the same in terms of presence. Difficult :)
- dennisgorelik 15y agoDo you mean that moving 50 minutes closer to work would cost $20K per year more? What location are we talking about?
- Markku 15y agoI used numbers that are reality to me. Plug-in your own numbers for comparison. For a 10 minute commute today, I would have pitch in another 100K for living. My experience at the moment is working 5 years for same client/location on average. P.S. If I move out I can reclaim some of that 100K, some go to tax, fluctuating prices, I don't calculate inconvenience of moving and stressful location etc. details.