Re: Consulting rates

Sure. And Aaron said to double it. So after you divide by 2, you  
double it. :)


On Nov 8, 2010, at 3:04 PM, Geir Magnusson Jr. wrote:

> That's wrong.
>
> You need to divide by 2.  $75k -> 35/hour....
>
> geir
>
> On Nov 8, 2010, at 2:48 PM, Rich Bowen wrote:
>
>> Thank you. This is very helpful. I didn't know that there was a  
>> clear rule of thumb like this.
>>
>> On Nov 8, 2010, at 2:24 PM, Mike Kienenberger wrote:
>>
>>> And since most people work 40 hours a week (approximately 2000  
>>> hours a
>>> year), another more generalized way to state the rule of thumb is  
>>> take
>>> your preferred annual salary and divide by 1000.
>>>
>>> Ie, $75,000 becomes $75 an hour.  In the US, keep in mind that taxes
>>> on income after business expenses will be no less than 15.3% (self
>>> employment tax) and most likely 30% or higher (se tax plus income  
>>> and
>>> other taxes), so a lot of this money disappears quickly :)
>>>
>>>
>>> On Mon, Nov 8, 2010 at 2:05 PM, J Aaron Farr <[email protected]>  
>>> wrote:
>>>> Rough rule of thumb is to take your salary (or preferred salary),
>>>> convert it to an hourly rate, then double it.
>>>>
>>>> --
>>>>  J. Aaron Farr
>>>>  馮傑仁
>>>>  www.cubiclemuses.com
>>>>
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>>
>> --
>> Rich Bowen
>> [email protected]
>>
>>
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--
Rich Bowen
[email protected]