“The speed of your success is limited only by your dedication and what you’re willing to sacrifice”
― Nathan W. Morris
Currently am working for an IT firm. Always aspired to become a software engineer. Even my class 7, slam book reads the same. Love the work I do now, no particular head aches about work pressure nor salary. But I do know deep down that I will leave this work and work on something on my own, something that is more risky and self-fulfilling.
Ha! now coming to topic, couple of years back I taught for myself, what if I leave my current job? What if, now I stop my work, go home and sleep? what will I be earning ? Why don’t I calculate. So I sat down and started calculating. Grouped up all my investments so far, then multiplied it with average interest rate (8% – which is worst case possible). So the amount that I came up with is ROI (return on investment), this is like calculating what are you getting in return for X amount of money that you have invested . Once I had ROI, then its easy to divide it by 365 days, 24 hours, 60 minutes, 60 seconds. This can give you your daily or hourly or minute by minute earning. If you want to check out your monthly earning then divide ROI by 12. It is as simple as that.
I also created a tool as shown below for those who are lazy to do calculation. you can mail me on @themoneycrib, please do share this with your friends.
What is your earning Monthly, Daily, every hour, every minute, every second? With this detail you re-arrange the targets, like put a target like every hour you should earn 200 bones or so. My target is by the age of 45, my hourly income is around 1000 bones, *beep* it is difficult!! but why not take up the challenge 😉
Have good time calculating people, Share your taught’s on this!