Contra - A professional network for the jobs and skills of the futureMost people calculate their freelance rate wrong. Salary ÷ 2,080 hours = your number, right? Wron...
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Most people calculate their freelance rate wrong. Salary ÷ 2,080 hours = your number, right? Wrong. A 150K salary does not equal 72/hr freelance. Once you factor in:
• Health insurance (around 13K/year on your own)
• 401k match (often 6–8K/year)
• Self-employment tax (15.3% on profits)
• Unbillable time (25–50% of your work) You’re usually closer to a 140–160/hr minimum just to stand still.​
The 1099 Simulator calculates your actual rate before you make the leap. 🔗 ptjxc3mzqc.youware.app Input your W-2 compensation, see your real freelance rate, and compare three scenarios: Hustle Mode, Balanced, and Easy Mode. Built with @YouWare. Not vibes. Just math. #YouWareChallenge
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Kristine's avatar
No vibes. Just math. 😀 Sometimes indeed it's helpful.
Monic's avatar
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Monic here from Contra. 👋🏼 This is amazing!
To complete your submission, please share a screenshot showing you follow @YouWare on either X or LinkedIn in the comments. Check out the full #YouWareChallenge submission guidelines here. Cheers!
Pixique's avatar
Proof of following.
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The network for creativity
Join 1.25M professional creatives like you
Connect with clients, get discovered, and run your business 100% commission-free
Creatives on Contra have earned over $150M and we are just getting started