A lot of people tend to think of productivity in a vacuum. They want to get more done. However at the end of the day your work translates into money which translates into purchasing power. Sometimes instead of just concentrating on how to do more work, it is more efficient to concentrate on the conversion process–how the work turns into money and then turns into things you need.
For example, if you currently work for $50 per hour and you are able to make a change that allows you to turn your work into money at a rate of $75 per hour, you’ve increased your productivity by 50%.
On the other hand, if you can make your money go further you can also increase your productivity. For example, if you live in an area where your housing costs are $30,000 per year and you move to an area where your housing cost is $15,000 per year (but your income and other factors are still equal) you’ve significantly increased your productivity. The amount you have to work in order to pay for housing has been cut in half.
Don’t get so caught up in trying to do more that you miss opportunities for productivity other than just doing more work.
This post is the first of several Wednesday posts on finances. Watch for more financially related Wednesday posts in the coming months.