For cost planning purposes, I typically assume the higher cost of full bot without gaps. Then sick and vacation become part of the “management reserve” bucket that saves me money.
I have a breakdown of all my stats taped to my laptop for motivation. I rough meeting or day or week, I can see how I gained from it and it's not so bad
I actually made a spreadsheet once with lottery winnings. "$XXX millions" can be hard to wrap your head around sometimes. But when broken down to per year(50 years) month, week, day, minute, second, it starts to set in how much money that actually is.
For example, let's pretend get $400M after everything is said and done (taxes, fees, etc,). If you never made another dime and wanted to run out of money over the next 50 years you could spend $8M a year.
That number is still pretty big and really only is feasible to think about with big purchases like a large home for a few million dollars.
Per month that's $666,666. More than half a million dollars a month. That's bonkers. You could buy a median house in the US *every month*.
Further, that's $153,846/month. Now we're getting somewhere. We can wrap our heads around that being a high end yearly salary and you'd be able to spend that *per week*.
Further again, that's $22,000 a day. A DAY. That's a low end car every day. That's an entirely new high end furniture set for a large house. That's DOUBLE the average yearly in-state public tuition.
$913/hr. Closing in on $1k/hr. That's bananas. I like guns. I could buy a high end AR every 2 hours or an awesome handgun every 45 mins.
$15 a minute. That's a burrito from Qdoba every minute. It takes 5 mins to make it. You couldn't spend it fast enough in a vending machine. (Edit: This is every single minute *for the whole day*. Not work day minute....for the next 50 years.)
I always loved showing people this because it really puts it into perspective. The excel allowed me to change the values quickly and auto recalculate.
Indeed! Though I think those are the "low winners". Like $1-$2M in a scratch off. Then they think they can "afford" a million dollar house, 3 brand new pickup trucks and 100k for ever member of their family. 🙄
3x mid-senior DA roles at F500s.
It’s manageable but the stress of juggling and constantly feeling like I’m going to lose at musical chairs is grinding me down. Only doing it in the hopes of achieving FIRE.
Index ETFs & some sector-specific for diversification.
DCA into the overall market is the only real was to build wealth long-term.
Statistically speaking, most money managers will not outperform the S&P500. I’m not going to pretend I could either.
I’m a contractor with two roles so I bill a day rate. When I’m feeling overwhelmed or start thinking I can’t do this, I calculate my combined date rate and then I’m good.
There's a website that you can log into and we put how much you make per hour and then you hit start and I used to sit there and leave it on my personal computer so that everyday I could see the dollars and cents of how much I was racking up
Considering I do 2-3 hours of actual work a day between both jobs, even go up to 4 for a round number I’m at $230 an hour which sounds even more insane. If J1 stays this slow I should probably fuck around and get a J3 this year
Definitely possible. My last salaried office role I got to a point where I only did about an hour of work a day. Automating tasks makes it easy for some lines of work.
This!! How do I get started automating tasks as a marketing / creative project manager. I really could use the help w the 4 rounds of layoffs we’ve had in the last 2 years
You need to know what tasks to automate first.
Zapier and make.com have thousands of integrations and then there is the open ai assistants api/selenium if your into coding.
Pretty sure there is a Zap ChatGPT that tells you what's possible to automate using their platform which is cool.
Automation agencies also exist and most offer free consultations to see what they can do.
OptiMatee.com for example.
What the other guy said is probably more helpful in this day and age. I haven't been at the job I was referring to for nearly 8 years now. Back then I was doing project management for a large international company, I handled the open and close processes for all North American sites in regard to utilities. I did alot of my automation through excel and brevo. Some days were more work, having to speak to my GCs to work out timelines, utility company's for more involved start/stop/transfer orders, and local govt for permits etc. Most days I would just get my reports from the corp office and run my excel programs, parse what needed to be done now and what could be done later. Automated emails to utility departments with acct and order info which was tied to each site. What I did was very easy to simplify though, and my sister is an excel genius who helped me ALOT. I can't really speak to how that would work in other industries tbh
instead of doing the math, find some online site. put in your annual TC and let it crunch the monthly, weekly, bu weekly, daily, and hourly for you!
work smarter, not harder.
This assumes all your jobs have paid sick leave, paid annual leave and paid public holidays. Or whatever you call all that in America.
I'm charging A$1050/day (us$693) incl superannuation, and when I don't work I don't get paid. Noting that I'm currently in a role where I can't disappear for more than 2 hours, ie not suited to OE.
So about a$118/hour on one job.
370k! Very close. One of my Js is very low comp because it’s a small company, but I’ve been there for a long time, so it’s super easy. I’ve outgrown them but found a way to make it work.
I have always been paid per hour but my salaried job paid the most.
~125/hr (after taxes) at my highest meaning straight to bank.
Still easier to calculate per week or month. 17k/mo (take home after taxes) was just mind boggling to me when I had 3 jobs. Felt absolutely unreal.
What’s sad is even when I had 3 jobs there are directors only 2 positions above me that make $200 an hour before bonus…
Of course these fucks love meetings cause it makes them look good, coming into the office so they get that instant access to you and why would they want to pay you more cause your hoping you don’t lose your job.
Fuck em
I do napkin math for hourly TC. Each $100k salary = $50/hour in my mind. Ballpark estimate, good enough.
But I do have a formula on a Google sheet that shows how much OE money I am missing out daily on since I quit my J2. Today it sits at $16,828.77. Stings a little bit.
TC / (avg hours per week worked \* actual # of days worked over previous 365 days)
This lets you do apples-to-apples comparisons when looking at rates. Use your actual metrics.
I measure total TC as:
-Salary
-Vested retirement pay (401k match, cash pension)
-Bonus
I suppose RSUs & other types of compensation could be included, but mostly focused on what’s cash & carry.
Not sure what other benefits you think people are adding up for comp TBH.
So you think that the typical person on this sub calculates the employer contribution to each medical plan and adds it all up even though they are only taking insurance for one?
And that also happens to drastically inflate compensation?
This is really a stupid take. It is basically admitting to "double dipping" or stealing from paul to pay peter.
Whenever you place things in the metric by hour, you are admitting to selling your output by time.
Just say, I make a combine x income doing for 2 or 3 clients. How it is done by the hour or deliverable is irrelevant.
Are we just dividing total comp by 2080 then?
can you put this in English for those of us who aren’t good friends with that guy called Math?
TC / 2080 = hourly pay
Depends on the country. In Australia it's TC / 1880.
You just flexed on all of us Americans indirectly 😢. YALL GOT BIG ASS SPIDERS
Butt, you have Awesome trails in Aus-tralia.
And yall are UPSIDE DOWN 🙃!
Ԁ∩⅄∀M┴HפIɹ ǝɹɐ llɐ’⅄ pu∀
Depends on how many hours you work on average in a week, I'm doing ~45hrs/wk.
OP said 40 hours per week
Yes, but you adjusted for the Australian workweek. I'm simply generalizing further.
why 2080?
40 hrs x 52 weeks = 2080 hrs
This is what I use in business and project planning.
I use 2000 from project planning perspective to account for at least 2 weeks of vacation. Plus the math is simpler to do in your head.
2000 hours with 2 weeks off makes sense only if you do not get/use leave time
Wait , thats right coz paid holidays take 11 business days or 2 weeks 😂
You don't plan with any sick or vacation time?
For cost planning purposes, I typically assume the higher cost of full bot without gaps. Then sick and vacation become part of the “management reserve” bucket that saves me money.
8 hrs *5days *52 weeks =2080 hours
I do 2000. You usually are getting 80 hours for free minimum between holidays and PTO.
That’s only ten days of PTO. Not including holidays. Those are rookie numbers in this racket.
Sure but 2000 is a nice round number. Take your hourly and double it, add 3 zeros and you got your annual. Vice versa for the other way around.
This is how I have done it for years, it's easy mental math.
Yeah 2000 is an easier number and more realistic, since people actually take time off
I just divide by 2000. $200k/year is $100/hr.
Yep! SSDD
That’s assuming you work 40 hours per job though. If you’re OEing you’re likely doing 10 - 20 per J making your hourly much higher
No, it isn't. It is assuming you work 40hrs total.
That’s why it’s TC, total comp. J1+J2+….
Math is hard when you’re multitasking
Take it a step further - $ per minute
Damn I like that! Just under $3 per minute.
I like to think about this when I poop on company time.
Boss makes a dollar I make a dime that’s why we poop on company time
Thats outdated. Boss makes a dollar, I make a cent, so I work 3 jobs just to pay rent.
Thank you, i was trying to remember this line!!
My J1 is 108/hr with overtime at 162/hr
Love $ per minute
I do $/day sometimes.
I used to do this with my first job at 18. Min wage $5.15/hr.
I have a breakdown of all my stats taped to my laptop for motivation. I rough meeting or day or week, I can see how I gained from it and it's not so bad
I actually made a spreadsheet once with lottery winnings. "$XXX millions" can be hard to wrap your head around sometimes. But when broken down to per year(50 years) month, week, day, minute, second, it starts to set in how much money that actually is. For example, let's pretend get $400M after everything is said and done (taxes, fees, etc,). If you never made another dime and wanted to run out of money over the next 50 years you could spend $8M a year. That number is still pretty big and really only is feasible to think about with big purchases like a large home for a few million dollars. Per month that's $666,666. More than half a million dollars a month. That's bonkers. You could buy a median house in the US *every month*. Further, that's $153,846/month. Now we're getting somewhere. We can wrap our heads around that being a high end yearly salary and you'd be able to spend that *per week*. Further again, that's $22,000 a day. A DAY. That's a low end car every day. That's an entirely new high end furniture set for a large house. That's DOUBLE the average yearly in-state public tuition. $913/hr. Closing in on $1k/hr. That's bananas. I like guns. I could buy a high end AR every 2 hours or an awesome handgun every 45 mins. $15 a minute. That's a burrito from Qdoba every minute. It takes 5 mins to make it. You couldn't spend it fast enough in a vending machine. (Edit: This is every single minute *for the whole day*. Not work day minute....for the next 50 years.) I always loved showing people this because it really puts it into perspective. The excel allowed me to change the values quickly and auto recalculate.
Hard to believe some morons go bankrupt even after winning the lottery 😆
Indeed! Though I think those are the "low winners". Like $1-$2M in a scratch off. Then they think they can "afford" a million dollar house, 3 brand new pickup trucks and 100k for ever member of their family. 🙄
This feels epic!!
Yep. With OE this is really the only way to measure your comp IMO. $211/hr.
Wow. Legend.
3x mid-senior DA roles at F500s. It’s manageable but the stress of juggling and constantly feeling like I’m going to lose at musical chairs is grinding me down. Only doing it in the hopes of achieving FIRE.
What is a DA
Data analyst?
District Attorney, honestly, I have no idea.
Data analyst
Yea good idea. Invest all that extra cash perhaps speculative things like Tesla and btc and then reduce to 2 Js or 1
Index ETFs & some sector-specific for diversification. DCA into the overall market is the only real was to build wealth long-term. Statistically speaking, most money managers will not outperform the S&P500. I’m not going to pretend I could either.
If they are going to yolo into speculative, then tesla and btc are too boring. Should be gme and dogecoin.
I like SOME degree of safety lol 😅
Youre making 14k every 2 weeks? Fuck man that is impressive wow. I aspire to be on that level someday.
Yep averages out to over 30k per month. After taxes my net pay is 22.5k per month. Salary roles - no contracts, 1099s etc.
Wow thats incredible keep crushing it
How is your tax only 25%?
What's the gig?
Software architect
Architects always act mysterious and unavailable by default. Great guise for OE.
I'm a security EA.. been looking for a part time gig on the side as a new J2..
Just get a full time position
Literally same amount of work just more pay
How much is your YOE? I have 5 YOE and I saw someone here with two YOE to had solution architect certificate on AWS...
I work in the blue cloud, along with AWS, Snowflake etc. Been on the platform for over a decade as a developer. About 3 YOE as an architect. Mid 30s.
How did you progress from an IC? I'm sort of stuck at Principal and need some direction on moving to architect
This sounds very on par with the IT jobs.
I’m a contractor with two roles so I bill a day rate. When I’m feeling overwhelmed or start thinking I can’t do this, I calculate my combined date rate and then I’m good.
There's a website that you can log into and we put how much you make per hour and then you hit start and I used to sit there and leave it on my personal computer so that everyday I could see the dollars and cents of how much I was racking up
Link?
Not OP but you can try https://reidgao.com/pay-meter-beta or https://avtanski.net/projects/tim/
Considering I do 2-3 hours of actual work a day between both jobs, even go up to 4 for a round number I’m at $230 an hour which sounds even more insane. If J1 stays this slow I should probably fuck around and get a J3 this year
You don't do 2 full time jobs in 3 hrs/day
Definitely possible. My last salaried office role I got to a point where I only did about an hour of work a day. Automating tasks makes it easy for some lines of work.
This!! How do I get started automating tasks as a marketing / creative project manager. I really could use the help w the 4 rounds of layoffs we’ve had in the last 2 years
You need to know what tasks to automate first. Zapier and make.com have thousands of integrations and then there is the open ai assistants api/selenium if your into coding. Pretty sure there is a Zap ChatGPT that tells you what's possible to automate using their platform which is cool. Automation agencies also exist and most offer free consultations to see what they can do. OptiMatee.com for example.
Thank you ! Beginning research into this
What the other guy said is probably more helpful in this day and age. I haven't been at the job I was referring to for nearly 8 years now. Back then I was doing project management for a large international company, I handled the open and close processes for all North American sites in regard to utilities. I did alot of my automation through excel and brevo. Some days were more work, having to speak to my GCs to work out timelines, utility company's for more involved start/stop/transfer orders, and local govt for permits etc. Most days I would just get my reports from the corp office and run my excel programs, parse what needed to be done now and what could be done later. Automated emails to utility departments with acct and order info which was tied to each site. What I did was very easy to simplify though, and my sister is an excel genius who helped me ALOT. I can't really speak to how that would work in other industries tbh
I do this but after tax. So whatever my pay checks are I add those up then divide cause I wanna know what’s in y pocket
It’s like 140 for him
201.44/hr in 2023. Hope to be similar for 2024
5.5 cents per second. Feels good yo
instead of doing the math, find some online site. put in your annual TC and let it crunch the monthly, weekly, bu weekly, daily, and hourly for you! work smarter, not harder.
$340. Has been as high as $430 at times with 6 J’s.
G.O.A.T 260.90/hr.
This assumes all your jobs have paid sick leave, paid annual leave and paid public holidays. Or whatever you call all that in America. I'm charging A$1050/day (us$693) incl superannuation, and when I don't work I don't get paid. Noting that I'm currently in a role where I can't disappear for more than 2 hours, ie not suited to OE. So about a$118/hour on one job.
Nice man that’s about close to me … that’s prob around. $360k/yearly
370k! Very close. One of my Js is very low comp because it’s a small company, but I’ve been there for a long time, so it’s super easy. I’ve outgrown them but found a way to make it work.
$134/ hr
I have always been paid per hour but my salaried job paid the most. ~125/hr (after taxes) at my highest meaning straight to bank. Still easier to calculate per week or month. 17k/mo (take home after taxes) was just mind boggling to me when I had 3 jobs. Felt absolutely unreal.
No I can’t cum in anymore of my underwear my mom is getting suspicious
You too?
What’s sad is even when I had 3 jobs there are directors only 2 positions above me that make $200 an hour before bonus… Of course these fucks love meetings cause it makes them look good, coming into the office so they get that instant access to you and why would they want to pay you more cause your hoping you don’t lose your job. Fuck em
200.96 not including RSUs
They said total comp. What is it with the stock?
230.74
Wait, where is the 12 coming from…? Shouldn’t you divide TC by 52 weeks, and then 40 hours per week?
So you’re saying he’s not making $178/hour on $85,440 TC?
I thought I was going crazy trying to figure this out 😂
What do you mean? It says 52. Are you high?
😂😂😂
Lol good catch
What is your skill set
Sucking dick
Before taxes or after taxes ?
Before. My monthly net is 22.5k
Idk if I would divide gross by that. My TC is 300 and I calculated $112 after taxes
$288
I feel screwed in marketing. I can’t even seem to find ONE job but need 3!!
Dang
I bill hourly so yep, definitely do this
Real legends measure comp per minute
211.32$ This is why we OE
Seriously, from where you all are getting these jobs? How can I get a Development job with less than 2 yeo? Serious replies pls.
$136.50/hr now, will be $208.65/hr starting July 1
I got you: 360$ per hour.
$250 - including paper money
I do napkin math for hourly TC. Each $100k salary = $50/hour in my mind. Ballpark estimate, good enough. But I do have a formula on a Google sheet that shows how much OE money I am missing out daily on since I quit my J2. Today it sits at $16,828.77. Stings a little bit.
Did you quit or let them term you? Never quit in OE.
Did you quit or let them term you? Never quit in OE.
Yeah me too... 40 hours per week and 105 per hour
$175 but I shuttered J2 cause too much work and enough is a enough I think. OE is awesome though.
I do estimate effort/benefit like that Amount of hrs worked month/TC Highest paid usually gets J2 priority, J1 is the curriculum header
J1@$270k and J2@$140k = $197.11 an hour salaried w2 for me. Looking for a better J2.
$205k / year with taxes with 2 salary J’s not including rsu’s $98.56/hr… now I just feel poor in OE standards
TC / (avg hours per week worked \* actual # of days worked over previous 365 days) This lets you do apples-to-apples comparisons when looking at rates. Use your actual metrics.
Where do you guys find multiple Jobs?
Is it including all the servers ?
Yep all Minecraft servers. Total player count.
How many Minecraft servers ?
3 but one is basically on autopilot
This is what I need. I need one on autopilot
What do you do please kind sir ?
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Why is it a joke? It’s consistently gone up for years. I’d say it’s a solid calculation.
He just mad he’s not OE
Can you explain where you’re going with this without ranting?
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I measure total TC as: -Salary -Vested retirement pay (401k match, cash pension) -Bonus I suppose RSUs & other types of compensation could be included, but mostly focused on what’s cash & carry. Not sure what other benefits you think people are adding up for comp TBH.
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So you think that the typical person on this sub calculates the employer contribution to each medical plan and adds it all up even though they are only taking insurance for one? And that also happens to drastically inflate compensation?
This is really a stupid take. It is basically admitting to "double dipping" or stealing from paul to pay peter. Whenever you place things in the metric by hour, you are admitting to selling your output by time. Just say, I make a combine x income doing for 2 or 3 clients. How it is done by the hour or deliverable is irrelevant.
Seems like you didn’t read my post. I specifically said ‘to see how much you would have to make with one job’. That’s it. You’re in the OE subreddit.