Moneywise On Oneplace.com

UNDERSTANDING TIME'S WORTH IN GOD'S PERSPECTIVE:God values our time, as evidenced by Psalm 90:12, which states, "Teach us to number our days, that we may get a heart of wisdom."James 4:14 reminds us of the fleeting nature of life, saying, "You do not know what tomorrow will bring. What is your life? For you are a mist that appears for a little time and then vanishes."Realizing the value of time can influence how we approach work and manage our finances.CALCULATING REAL HOURLY WAGE:To understand what our time on the job is really worth, subtract taxes (including Social Security, Medicare, and income tax) from your gross annual income.Example: Earning $52,000 annually, with $10,000 in taxes, leaves a net earning of $42,000. Dividing this by 52 weeks and then by a 40-hour workweek gives a real hourly wage of $20.This calculation helps to realize the actual earnings per hour, especially if working more than 40 hours a week.IMPACT ON SPENDING HABITS:Knowing the real cost of purchases in terms of hours worked can s