How Much Do You Need To Earn Per Hour To Achieve Your Yearly Financial Goals?
by © John Assaraf
Have you ever asked yourself what your
highest income producing activity is?
If you�re like most people you probably
go about your day-to-day business never really thinking about the moment
to moment activities that consume your day.
I�d like to walk you through an exercise
that has helped me and my clients really stay focused on earning their
highest possible revenue per hour.
Let�s assume that we each start with 365
days in a year. If we take away the following:
.Weekends- 104 days
.5 major USA holidays
.2 weeks of vacation
.Personal religious holidays � (average
3)
That leaves each one of us with approximately
238 days in order to earn the income we desire. Of course we can add or
delete days based on our own schedule and desires. If you multiply these
238 days times an average of 10 working hours per day, you are dealing
with 2,380 hours of real work time for the year. So let�s do some math.
If your yearly income goals are as follows�
.$25k = you must be earning an average
of $10.50 every hour of work
.$50K = $21 per hour
.$100k = $42 per hour
.$250k = $105 per hour
.$1 M = $420 per hour
.$5 M = $2100 per hour
.$10 M = $4200 per hour
In order to earn the income per year that
you really want, you absolutely must be doing activities every hour that
line up with this chart. If you catch yourself doing anything that isn�t
your absolute highest producing income activity all the time, you are in
effect making it much harder to achieve your desired financial goals. In
other words:
Which activity or activities generate your
highest producing income?
Consider these:
1. What are you spending your time doing?
2. Are you focused on the real moneymakers
or the real time wasters?
3. Are you making it easy for yourself
to be a high-income earner or are you doing the things that can be done
by someone whose income goal or ability is less than yours?
When you start to look at each hour this
way, you�ll stop doing the small stuff and you�ll start doing the real
high producing stuff that yields results. Just look at your most recent
3-5 days and count the number of hours you spent really making the big
bucks vs all the stuff that creeps up on all of us.
What you discover will amaze you!
About the Author:
-----------------------
Copyright © John Assaraf
John Assaraf, aka The Street Kid
New York Times & Wall Street Journal
Best-Selling Author, Trainer & Entrepreneur
Goto: http://www.TheStreetKid.com
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Business � Guaranteed!
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Of Making Tons Of Dough
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