Yes, your hourly wage does matter. To think otherwise is illogical. Put simply, would you rather make ten dollars per hour or twelve dollars per hour? Assuming the job is the same, there is no reason to pick the ten dollars per hour over the twelve. People have put this problem in the context of multiple jobs. For example, if you have two jobs and one pays ten dollars per hour and the other pays twelve dollars per hour you should not get rid of the ten dollar per hour job. This is obvious to me because should you need the income of two jobs, quitting one could be financially fatal. However, on a comparison basis, you should always take the higher paying job if the job offers are the same. Thus, if you have two choice of pay for your second job and the job is the same, take the higher paying job. If you do not, you will have lost out on that extra money per hour and thus, missed out on an opportunity to invest or save the same.
Your hourly wage matters for another reason too. Although it is true that you can never become rich by working for somebody else (especially if you are working on an hourly wage because your paycheck depends on the amount of time that you work), you may have the ability to build enough additional revenue that you can quit your hourly job to pursue your own ventures. Therefore, what you do with your hourly wage money is vitally important.
Should you use your hourly wage money to pay bills and blow the rest on pointless things, you will never better your financial situation. If, however, you take your extra money (the money that you have left after paying your bills) and invest (whether in real estate, the stock market, or otherwise), you could be producing an additional stream of income. Therefore, in addition to your job, you will have other money coming in the door. Therefore, if you take that investment money and your extra money, you could build another income stream. Eventually, you will have enough streams that your hourly job stream will not be necessary. At this point, you can quit your hourly job.
The point is, your hourly wage does matter. However, beyond the fact that your hourly wage does matter, what you do with your hourly wage is more important. Therefore, invest your extra money should you want to have a chance at achieving financial freedom.











