Social Security – Who Needs It!
The following post, written by Steve Dragoo (a semi-retired freelancer and fellow Executive in Sweatpants),…
Interesting fact – I’ve never met most of my clients in person. When I tell people this, the usual response is somewhat skeptical. My theory has always been that it’s more efficient for both parties (the client and me) to keep our business relationship entirely virtual in nature. With tools such as Skype, FreeConferenceCallHD, and Google Voice, why mess around with all the commuting? In this article, I’m going to present the undeniable facts about the efficiency of a virtual business relationship.
Americans spend 5.5 billion hours year sitting in traffic, according to a recent study by the Texas A&M Transportation Institute. This translates into an estimated cost of $121 billion in commute time and fuel expenses. For the average American commuter, that translates into over $800 in gas and lost time per year. And keep in mind, this is only considering the time and cost of one individual’s commute. If both the husband and wife work outside the home, it’s obviously double that amount. Furthermore, some estimates (by people who have studied this topic much more than me) state that each mile of your daily commute translates into an annual cost of $170 per year per mile. A ten-mile commute translates into a $1,700 out-of-pocket cost.
Wasting time in traffic can be even more frustrating when you factor in all the family time you’re missing. If your average time spent in traffic is 30 minutes (each direction), that’s five hours per week spent commuting. In one year of working, the average worker would dedicate nearly 11 full days sitting in traffic (260 hours to be precise). What are you missing out on? As any parent will tell you, children already grow up fast enough. Time wasted in traffic compounds the problem.
Despite the best efforts of Marissa Mayer at Yahoo (who recently axed work-from-home employment for Yahoo employees), the simple fact is that more Americans than ever are now working from home. In doing so, professionals can pocket the $800 per year in commuting costs while simultaneously becoming more engaged with family activities. If you’re tired of driving an hour to work each day, take the first step to a legitimate work from home career by downloading Chapter 1 of my book for free (shameless plug, I know). If you’re still on the fence, check out this infographic. It does an excellent job of highlighting the many drawbacks of a daily commute.
Executive in Sweatpants is the book from marketer and author Matt Keener. The book is a how-to guide for launching and growing a successful work-from-home consulting business. Sign up to receive future blog postings and news sent directly to your email inbox. Learn more about buying the book (now available in paperback!).