Man That Can with Lachlan Stuart Increase Your Income $$ #337
Working more hours isn't the only way to think when you want to boost your annual income $. For me, the goal has been to achieve my desired income and then work out how I can maintain that while working less hours.
Here are a few questions to think about:
• How much would you like to earn per year? (and why?)
• How many HOURS/week would you like to work & weeks/ year?
4 weeks holiday
48 weeks work
38 hrs per week
• What is your required HOURLY rate?
(Your Annual $ goal / weeks worked = Weekly income --- Divided by hours you would like to work = Required hourly rate.)
$100,000 / 48 weeks = $2083 per week / 38hours per week = $54 per hour).
• What is your current HOURLY rate? And the gap between that and your required?
Current = $30
Goal = $54
Difference = +$24
How can you fill the $$ Gap?
• Do you want to start a side hustle?
• Do you want to find a higher paying job?
• Who do you know who is currently earning that or has the skill?
• What skills do you need to learn in order to make that a reality?
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