Find Out What You’re Worth! Calculate Your Billable Hourly Rate With Ease

Pennygem

PennyGem’s Elizabeth Keatinge tells us why experts say you need to figure out what you are worth, so you can stop taking time away from things you want to do.

Transcript

00:00What are you worth? That's what one expert says you need to figure out to start delegating

00:08your time better. Literally, you need to figure out your hourly rate. Romy Neustadt tells

00:13Market Watch that this is how you do it. Decide how many hours per week you want to work.

00:17Then multiply that by 52 weeks, which gets you your hours per year. Now take your annual

00:23income and divide that by hours per year, and that's your per hour rate. Once you figure

00:28that out, you'll see how your money is literally being wasted when you waste time. If your

00:32hourly rate is $300 and you spend 30 minutes scrolling Facebook, there's 150 bucks down

00:38the drain. If you want to manage your time better, you may consider talking to your employer

00:43about your work structure. Business Insider highlights a study by Zenefits that says that

00:47in 2018, 78% of employees said that flexible work arrangements made them feel more productive

00:53at work. Forbes suggests having set periods of time to write and respond to emails to

00:59help you manage your time. Say no to requests for phone calls that are not necessary. Choose

01:04meetings wisely. These can also suck the day away if they're not productive. Oh, and if

01:09you figure out that having someone do your laundry or getting a meal service is worth

01:13it when it comes to your hourly rate, Neustadt says, don't feel bad about that and do it.

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