How Much is Your Life Worth? Part III

Previously we calculated how much we are really worth per hour as police officers and how it is far less than we thought. Now I hope to pull it all together into a usable concept. Believe it or not, figuring your true hourly wage is all about debt. Doing this exercise will help you get, and stay out of, debt forever. The reason we all go into debt is to overcome some unhappiness in our life.

We as police officers and sheriff’s deputies use debt to live a life we really can’t… afford. Very rarely do we use debt to pay for some catastrophic expense like medical bills. And even when credit was used for these things, it’s usually because we spent too much money trying to be happy and didn’t plan for emergencies with insurance and savings.  You would think that just because we work in law enforcement we would plan for emergencies better but I don’t think we do.

Think about the things you’ve used credit for; vacations, cars, eating out, etc. All of these are luxuries including the car. Do you really NEED the car you drive or is it possible you could have gotten by with something less expensive?

So how does the above exercise help with debt? If you’ve done the exercise as I’ve suggested, every time you make a purchase, you’ll ask yourself if it’s really worth it. You’ll remind yourself that you make $X per hour as a cop and will have to work Y amount of hours to buy that thing. That thinking will dramatically change what you spend money on. You’ll only buy things you’re willing to exchange your life, for your money, to get.

Now working as a cop, you’ll remember that in order to buy that thing, you’ll have to spend X amount of hours away from your kids, your spouse, or whatever you enjoy doing, to afford it. You’ll make better buying decisions and get far more pleasure out of life. I do this and it works!

I’m a police officer too and I invite you to discover more about financial planning at and get the FREE workbook “The 7 Secrets to Financial Independence.”

Chuck J. Rylant, MBA, CFP©
C.J. Rylant Wealth Management
See Chuck’s Bio HERE

About Chuck Rylant

Chuck Rylant is a retired police officer and regular contributor to He owns his own financial planning business and built it while he was still working in law enforcement. Prior to that Chuck had been a full time California Police Officer for 15 years. He has worked as a detective, patrol officer, field training officer and SWAT team member. He also served his department by volunteering as a Police Officer Association Board member. Chuck is also an active member of the Santa Maria Police Council which is a non-profit community organization developed to raise money specifically for the police department. Chuck is the owner of C. J. Rylant Wealth Management. His firm provides personal fee only financial planning and specializes in providing objective advice to police officers. His clients have discovered how to worry less about money and enjoy life more. Chuck can be reached on his website at: Here's a link to an interesting video from Chuck about Mutual Fund Fees:
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