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From "Geir Magnusson Jr." <g...@pobox.com>
Subject Re: Consulting rates
Date Mon, 08 Nov 2010 20:20:29 GMT
Oh, I see - I was just doing the direct conversion.  NM.

geir

On Nov 8, 2010, at 3:15 PM, Rich Bowen wrote:

> 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 <farra@apache.org> 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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>>>>> 
>>>> 
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>>> 
>>> --
>>> Rich Bowen
>>> rbowen@rcbowen.com
>>> 
>>> 
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>> 
>> 
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> 
> --
> Rich Bowen
> rbowen@rcbowen.com
> 
> 
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