Josh

Thoughts on Work and Life

Tag: productivity

7 Money-Making Scheduling Tips for Freelancers

I quit my job as an insurance agent in 2011 to freelance full-time.

During my first year of self-employment I made very little money but somehow still managed to stay “really busy.”

That’s because I was busy in all the wrong areas. I spent hundreds of hours building and tweaking my website, writing blog posts and yes going to meetings!

You would think after leaving Corporate America I would have learned that most meetings are a complete waste of time.

But sometimes I’m a slow learner.

Because 6 years ago my calendar was full of meetings. I was so desperate to make a living freelancing that I would talk to anyone who gave me a chance.

I did it in the name of “prospecting and networking” of course. But the truth is 95% of those meetings I should never have taken. These were not people in a position to hire me. They were just nice and willing to talk.

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How to Find Your Hourly Freelance Rate Using Toggl [Video]

If you’re a freelancer trying to find a good way to calculate your hourly rate then the video below is for you.

In it I show you how I use a free app called Toggl to track my time. I walk you through the exact process I use whenever I start a new project and show you how to run daily, weekly and annual reports to see where you’re spending your time.

$80/hr vs $200/hr Projects

I work as a freelance copywriter and I own a marketing agency.

So most my time is divided between those two areas. And recently I wanted to know how much I’m making per hour as a copywriter vs as an agency owner.

Since I use a free app called Toggl to track all my time, it was pretty easy to figure out.

First, I did the math on a $5,575 copywriting job I just finished. It took me 65 hours to do so I made $85.77/hr.

Then I ran a report on another recent copywriting project I did. My rate was $4,275 and it took me 54 hours to do, bringing my hourly rate to $79.16.

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Stewarding Time Like Money

Early on in our marriage we decided we wanted to be debt free.

So we went through Dave Ramsey’s Financial Peace University at a local church in Tigard, OR.

We stopped eating out so much, started budgeting and paid off all our debt.

It was a great feeling when we finally paid our last debt (we had less than $20,000 so it wasn’t a crazy amount but it still felt great).

Another positive side effect of learning how to budget money is that it also teaches you how to budget time.

For example, most people think the solution to their money problems is that they just need more of it.

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