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09/18/17 Work # ,

How Much is Your Time Worth?

How Much is Your Time Worth?

My time is worth more than $1.25 an hour. Everyone’s time is worth more than that.

Yet that’s how much I was paid to go through a jury selection process at my local courthouse a few weeks ago. I didn’t get on the jury — for a murder trial that’s still taking place — or the pay rate of $7.50 a day for six hours of jury duty each day would have turned out to be less at an hourly rate.

I was only at the courthouse for two days, earning $15 for jury service and $2.38 for mileage. Others had been there for a week before a jury was selected. Some received full pay from their employers for their time in court. Others, like me, are freelancers who don’t earn money if they aren’t working.

I don’t mean for this to be a rant on how to improve the jury selection process or the importance to society of volunteers for jury service. It’s a key part of a working democracy.

Value your time

What it got me thinking about was how we value our time. I’ve written here about how to set rates as a freelancer. It’s not rocket science. If you want quality, you pay for quality.

The same goes for jury service, I believe. Again, without going too far on a tangent about jury selection, do you really want jurors who are in a jury box against their will because they can’t get out of jury duty? Who have employers who can pay them for a month or more to miss work? Continue reading

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01/10/17 Work # ,

How to Set Rates as a Freelancer

How to Set Rates as a Freelancer

 

One of the more difficult things I did when starting to work as a freelancer was setting the rates I charged clients.

I didn’t want to be too high that they thought I wasn’t worth it, or too low that my time was undervalued. I also had to figure out if an hourly or project rate worked best for my time as a freelancer.

Like many freelance writers starting out, I charged a low rate just to get my foot in the door. After a few months of that, I asked for raises and got it at a few websites that I wrote for, but mostly found that websites were willing to drop you as a writer because they could find other writers elsewhere who would write for low pay.

freelancerYou get what you pay for, and I suspect that many of those people who wrote for low pay either didn’t have the writing and reporting skills that I have or they were so desperate for a paycheck that they’d accept $25 per post.

Before I get too deep into how to set your rates as a freelancer, I want to mention that much of this information is covered in a podcast I did in early January with Liz Theresa on her “Liz on Biz” podcast. Listen to episode 17 for the fun of hearing me in stereo. Continue reading

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Hi, I'm Aaron Crowe. Welcome to CashSmarter. I'm a personal finance freelance writer who enjoys spending my money wisely and using minimalism to make my money last longer while increasing income.