Have you ever made a significant amount of money for the hours dedicated to your profession? What if I told you there was a way to make more than you have ever made in your life? Most would be sceptical, but this is no get rich quick scheme. Now let me ask you a few questions about a normal expense I recently had. Getting your oil changed.
This is a common expense every car owner will have to ensure your car doesn’t break down. Most individuals would simply go to their local oil change shop by their home and pay for whatever the cost is of the oil change. Seems the logical thing to do. You need an oil change for your car, so why waste any time. Get in your car and head to the shop. This seems logical, but this is not optimized for your personal finances.
What if I told you there was a way to quickly save money by doing a simple google search for coupons in your local area for oil changes? Upon a simple search that took less than 5 minutes on my phone, I was able to find a $20 off coupon for Jiffy Lube.
Many would argue I didn’t make any money in this scenario, but I would challenge your thinking. I recently read a really interesting Instagram graphic someone posted that said something along the lines of “If I have a coupon for $200 off spending $500 or more at a Macy’s, how much did I save?”. This is something that is extremely interesting to think about. Have you ever found yourself getting a coupon to a store and you think to yourself, dang I am going to save so much money? Are you really saving money though if it wasn’t something you actually needed in the first place? Did you really save money? Or just spent money on things you didn’t actually need in the first place?
For this particular type of spending, which I would consider an expense of car ownership, it is something that you must do in order to keep your car running. For that reason I have the mindset that any spending that is absolutely necessary would be saving money versus spending money you don’t need to.
Now let’s calculate how much money I just made on an hourly basis!
It took me 5 minutes to find a $20 coupon for the oil change. There are 12 5 minute intervals in 1 hour. If you multiply $20 (coupon savings after searching for 5 minutes) * 12 (5 minute intervals in 1 hour) = $240/hr.
I would say this was a good value for my time!! I am sure there are a lot of people who would argue that I didn’t actually make $240/hr and I am fine with that. Just keep paying full price for your next oil change 🙂