What rate to quote my nephew at?

Discussion in 'App Development' started by Aquarians, Nov 25, 2021.

  1. easymon1

    easymon1

    $68.70 per hour as take home amount

    I started on 5 LC (local currency) per hour as take home amount and seemed like something out of this /my world since most full time public-sector employed chicks I'd be talking with were making half of that. I now make 100 LC per hour, btw.

    2x LC "most full time public-sector employed chicks I'd be talking with" per hour as take home amount would equate to what you were pullling down.
    Adjust accordingly in consideration of comparable skills, effort, results.

    Aug 22, 2021 ... The median household income in the US in 2019 was $68,703.

    Divide $68,703 by 2000 hours = 34.35/ hr. Double that "2x LC" gives you the amount of $68.70 per hour in order to equal what you were paid back in the day. What goes around comes around, lol.
     
    #11     Nov 25, 2021
  2. Get it now. Not much related except I alone am the "median household income in the US" here so my wife can afford to "I don't need to take this":
     
    #12     Nov 25, 2021
    thecoder likes this.
  3. easymon1

    easymon1

    Face it, $68.70 per hour as take home amount.
     
    #13     Nov 25, 2021
  4. rb7

    rb7

    Well, if LC/USD = 4, then 5 LC = 1.25$ USD.
    Ask your brother (the math guy)!
     
    #14     Nov 25, 2021
  5. 5 LC was 2001. $200 for a whole month, 12 - 16 hour workday.

    Now he's free to get €240,000 per year if he's capable. In the meantime I'll teach him how to do that and give him $100 for what he understands. If he gets all I learned in 15 years in just one hour, I'll double it to $200. But I have a feeling it's not the case. So $100 divided by whatever he wants, that's the hourly rate.
     
    #15     Nov 25, 2021
  6. easymon1

    easymon1

    delete tigh.jpg
     
    #16     Nov 25, 2021
  7. traider

    traider

    You make so much more money and have a challenging job. You are the envy of billions.
     
    #17     Nov 25, 2021
  8. JSOP

    JSOP

    What rate to quote my nephew at?

    -The going market rate that is commensurate with his knowledge and experience and etc. Shouldn't be different just because he is your nephew.
     
    #18     Nov 25, 2021
  9. Absolutely with you it agree. In it something is also to me this idea is pleasant, I completely with you agree.
     
    #19     Dec 6, 2021
  10. I feel generous today so I'm raising that to €100.

    It's a net loss for me, you're aware of it, right? It's not like I'm hiring Bjarne Stroustrup.

    At this point, all the investment into a guy I can afford is net negative on my side. I have to teach them a bazillion things they don't know, including the most basic ridiculous ones. That's time, time and more time on my side, time which is already a very scarce resource between job, family and trying to boost my own side business.
     
    #20     Dec 9, 2021