Share This Article
This blog post is going to teach you how much your time is worth. It will give you the opportunity to calculate how much money per hour, and what that means for your future. Keyword: How much an hour We start with the basic assumption that we are worth at least $15.00 an hour, since most people who work a full-time job make less than this amount on average. If you’re not making more than this right now, then as soon as possible, look for a better opportunity. There’s no shame in knowing your value and using it to get what you want out of life! But for our purposes here let’s say that you are earning more than $15 per hour, so multiply by 12 (months) to find how much money per year: i.e., ($__ * 12) = __ . This is just base pay though – if you also factor in bonuses or commissions earned from things like your 401k or commissions from sales, you might make significantly more than this. For the sake of simplicity and to keep things simple for those just starting out in their careers, let’s say that $15 is your salary per hour – but remember not everyone starts at this level! We’re going to use a base pay rate of $__ per year ($__ * 40 hours) = __ . This gives us an approximation of how much money we are making when we work each week. Let’s assume that our full-time job requires 50 weeks worth of working during the year so: __($__*40 hrs)__=__$__00 __(50 wks x __hrs=$150). __So by dividing the two we find that the hourly rate is $__ . This means that every dollar you make in an hour of work translates to __ per year. So if I am worth $X per hour, then my salary is: X*(__$__00)=$Y (if I want to know how much money this is a month just divide by 12). The amount of money an hour makes can be really difficult for some people to wrap their heads around – but it’s important! Understanding what your time and skills are worth not only allows you to get paid accordingly, but understanding these numbers also helps put things like working overtime into perspective when negotiating with employers or requesting raises from your current employer. An easy way to think
