Effective Hourly Rate
Would you rather make $2m/year and work 100 hours/week or $200k/year and work 2 hours/week?
At different points in your life, you will answer this question differently.
When is time more important than money? When is money more important than time? Can you use the time to make more money? Can you use the money to make more time?
This tool calculates your
EFFECTIVE_$UNIT_RATE over the course of a year (assuming 50 weeks/year) where
$UNIT is any of the timespans listed below using the following equation:
EFFECTIVE_$UNIT_RATE = NET_INCOME / $UNITS_WORKED_PER_YEAR
There’s no right answer but between time and money, but only one of them is finite. Then again if you love what you do, does it really matter?