Forum menu
I put a value on my time. I'm lucky that I'm semi-retired and I earn money from designing and making individual furniture.
So I try to charge out my labour at about£200 a day. And you need to realise that most workers can only manage to do chargeable work about 60% of the time.
But it's not just for charging out my time that I put a value on it; it's for knowing what's a good price to pay for someone to do a job for me, or the value of a day off.
Mrs BigJohn had somebody lay some turf the other day and was a bit miffed that it didn't take them as long as she thought the price justified. But they did a great job, brought the right tools and materials and tidied up after them. It would have taken me a couple of (miserable) days so the £350 was a bargain in my eyes.
P.s. Mates' rates is a horrible concept that should be sent to room 101. It means "I can carry on doing my job on full pay while you spend a week earning bugger all".
P.s. Mates’ rates is a horrible concept that should be sent to room 101. It means “I can carry on doing my job on full pay while you spend a week earning bugger all”.
MATES RATES MEANS YOU PAY YOUR MATES FULL PRICE COS THEY'RE YOUR MATES AND YOU WANT TO SUPPORT THEIR BISINESS. IF YOU EXPECT A DISCOUNT THEN YOU ARE EXPLOITING YOUR MATES.
I have bought stuff from mates. Sometimes they offer it for free, sometimes they insist on a discount but I want my mates' business to survive and for them to do well. If I cant afford to pay my mates then I cant afford that thing.
🙂
/soapbox
I know Martin is a popular name but there can’t be many of that age who’ve knocked out that sort of mileage, not from Worcester are you?
Nope - he's from Kent
He may have been 58 / 59 when he did the 430 odd miles