I probably do about as much non-work-related driving as I do work-related in a given week, so that’s another 25 minutes lost to red lights. Just to make the math easy, I’m going to round the total up from 50 to 60 minutes – in a typical week, I would lose 1 hour of time to this deal, sitting at red lights. That means that in a typical day to and from work (40 minutes), I generally hit 10 green lights; averaging 30 seconds each, I save a grand total of 300 seconds, or 5 minutes, driving through green lights that would otherwise be red. If I were to take this deal, then over the course of a workweek that’s 25 minutes lost to red lights that would’ve otherwise been green.
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I’m around 30, and I’m going to be optimistic and say I’m going to maintain that level of activity throughout my whole life until I die rich and happy at age 100. That’s 70 years of life left, 52 weeks a year, 1 hour lost per week, for a grand total of 3640 hours of life I’m losing to red lights because I took this deal. A huge number, to be sure – it would take me nearly two years of 40-hour workweeks to make that up. However, divide our $1,000,000 payout by those 3640 hours and we get an hourly rate of $274.72. If I die younger, that number goes up. If I drive less, that number goes up.