Hey fish - been seeing the talk about calculating day rates. Who here does the annual x 125 for day rate? If not, how do you calculate yours? Also - is the standard time expectation as many hours as it takes to meet the goal that day and are meetings lumped in, or do you do 8 hrs? (new to this)

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I do salary minus 3 zeros x 8. Ex: $100,000/yr = $100/hr x 8hr day = $800/day rate. It takes some nuancing but generally works pretty well for a rule of thumb.

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Yes what is an “8 hour day” ?

start with YOUR EXPENSES. If you can’t cover your basic expenses (car, home, insurance, food), then your rate is not going to make sense at all.

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Mt Freelance has some good videos on this

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