{ "media_type": "text", "post_content": "Awhile back someone posted an equation for finding your hourly rate but I can’t find it. Something like yearly salary divided by 600. Am I nuts? Anyone know what I’m talking about?", "post_id": "5dd31c9e6d9cb60024cbec70", "reply_count": 6, "vote_count": 3, "bowl_id": "5565cfca8b2b9a03009acf57", "bowl_name": "Advertising" }

Awhile back someone posted an equation for finding your hourly rate but I can’t find it. Something like yearly salary divided by 600. Am I nuts? Anyone know what I’m talking about?

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Posting as :
works at
You are currently posting as works at

Assuming you have paid vacation (your gross salary)/(40*52) = hourly rate at your job. That assumes you work no over time. 😂😭

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Divide by 160

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Should be ÷ 125 to get your day rate. This means a person making $150K annual should get $1200/day as a freelancer. Remember, they aren’t just paying for overhead, they are also paying for the luxury of not having a commitment.

smart

And as a freelancer you have to pay double social security

Sweet, thanks.

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