I have at least one consulting client who has projects that are essentially unlimited billable hours if I wanted them, so an hour saved from doing drudgery could get converted fairly easily into my hourly rate with him. Suffice it to say that that compares quite favorably to what VAs make. (You can get them from single digits in low-wage countries to $20 ~ $40 an hour for higher end stateside VAs.)
I've had huge, huge successes previously with outsourcing content creation and web design, and now that consulting has given me something of a cushion, I anticipate doing more things where I really add value to the business and less grunt work. I think it is highly likely that next year I will hire a front-end developer, which is currently showing up very high on the list of "spending lots of time for less than spectacular results" at the moment. That would be a pretty big step though.