> Now take the amount you want to make and divide it by the number > of hours you came up with above ($40,000 / 1,000). You get $40. > That's your target hourly rate. And despite what they high-flying > .com weanies were saying a year ago, that's going to be a nice > living for a young guy unless you're smack in the middle of a > high-cost area and can't bother to cook your own meals.
Don't forget that self-employed people in the US must pay considerably more in social security, as well as covering the full cost of their own health insurance and other needed benefits. $40K as a consultant is much less spendable money than $40K as an employee. - Perrin
