How Much Money Do You Need To Make?

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money bagsYou do the math in our head. You think you know how many hours you need to work each week, and how much you must make per hour. But at the end of every month the reality slaps you in the face when you discover you haven’t quite met your goals.

Nearly every day I run into someone who wants to make enough money so they don’t have to worry about money. I want that too. But life’s lessons taught me to be frugal in some aspects of my life. I don’t need a warehouse full of expensive cars, nor do I need a huge house with rooms I never go into. I just want comfort and stability.

So, How Much Money do You Need to Make?

If you freelance, you typically have the ability to set your own rate and hope clients will flock to your service. As an employee or independent contractor…not so much. You’re stuck with the hourly rate given by the company.

Regardless your title, there is one thing that is a constant haunt: Your earnings. Or lack of, depending on how you look at it. As much as you try to validate your rate, you wonder if you can get more. Will your customers pay more? Can you find a job that pays more?

There’s nothing wrong with wishing for millions. The pot of gold may not be too far out of reach if you’re willing to work super hard for it. You have to connect and network like crazy to build your empire, but it can be done.

Suppose you don’t want to work your tail off.  Maybe you are earning enough, but don’t realize it. The folks at has a great tool that allows you to calculate an hourly rate you should charge, or be paid, in order to meet your financial goals. Although this is geared towards freelancers, I use it to figure out how much I need to earn per hour.

Here’s the tool

This is probably the best tool of this nature that I have found. What I like best is the fact it identifies everything you should consider:

  • Personal expenses
  • Business expenses (if you’re a freelancer)
  • Number of hours you can work
  • How much time off you want
  • Your savings goal

The key to calculating a realistic number is to be honest with yourself. Play around with it, plug in different numbers and determine how many hours you can realistically work.


Image courtesy of stuart miles /



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About Kathleen Lewis

After many years of working for someone else, I was faced with the opportunity of doing my own thing. I grabbed the chance to develop my skills and share my knowledge in the areas of working at home and finding online work.
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  1. I am the primary care giver for my dad and am unable to work outside the home. He has been paying me, just enough to pay the bills I have of my own, but on his SSI, it is getting harder and harder to make ends meet for both of us. I am going to try and get him on Medicaid, in the hopes they will pay me for living here and caring for him, at least something to help take some of the burden off of him. I know that if we had to pay some one else to come in and do the same things, they would be getting weekly what I get a month. I don’t know that I have any skills that could be used in an at home job, but am really looking at all possibilities. I love doing searches, but have not seen anything that would pay for such work. Do you have any suggestions?

    • Hi Marla,

      To a certain degree I understand how you feel. It’s tough going through all you are. I’m not sure where you live, but here in Michigan if a family member is on Medicaid you, as the caretaker, can be paid the same amount as if you were hired from an outside company. You will ahve to go through some specific courses, but it is worth it.

      As far as a home-based job, there are sever from which to choose. And the nice thing is they don’t require experience – just an interest in the ‘job’ and the time to do it. It’s important to realize that the pay isn’t the best, so the more ‘jobs’ you do, the more you can earn. Here are some suggestions I have, and feel free to look through this blog for more ideas: (do online forum moderation, reply and moderate comments on forums, blogs, etc.)
      Lion Bridge or Leapforce as Search Engine Evaluators (evaluate search results to determine if they match the words typed in.)
      Micro Jobs (where you do quick little tasks for a little bit of money)
      Creative Freelancing (use your imagination to come up with ideas for services people will pay for)
      Website Testing

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