Wednesday, April 25, 2012

How much does it cost to wake up? Calculating my worth. 4/23/12

    You should make $1,000 for every year you've been alive. Congrats to me I've just earned another $1,000. I should set my goal to make $23,000/year. I've got 1000 billable hours per year. How much do I charge? Let's do some math.

$23,000 base salary + $10,000 loading = $33,000
$33,000 + $6,600 business expenses + $5,940 FICA = $45,540
$45,540 - $2277 (5-7% deductions) = $43,263/1000 = $43.26/hr

  The concept of $1,000/year of life is dated. I think I'll just stick with Professor Jenkins' advice and charge no less than $60/hour. More advice from Jenkins:
believe in you
"don't get mad, raise your rate"
contracts for unknown entities
never do business with your $

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