3 ms·
My rule of thumb company money == 10X my money. The reason is things I buy with my money typically don't have the same substitution and multiplier effects as st
by Gibbon1 4y ago
My rule of thumb company money == 10X my money. The reason is things I buy with my money typically don't have the same substitution and multiplier effects as stuff I spend the companies money on.
Substitution: Bought something instead of spending time.
Multiplier: Spent money to be more effective with my time.
Really think like an accountant. Realize your time costs the company $500-600 a DAY. And 1.5X to 2X a year than what they pay you. Save a week of time, $3000 not counting moving your ship date forward an inch. Something that increases your productivity by 5%? That's worth $10k a year.
- nibbleshifter 4y agoThat's an exceptionally good way of putting it. I might apply that maths (and show my workings) next time I get pushback on something.