$45,000 a Year Is How Much an Hour?
Want to know how much money you make per hour if you earn a $45,000 per year salary?
$45,000 Per Year is How Much an Hour?
To calculate this you need to know how many hours per year you work, then just divide $45,000 by that number. That means, if you work the standard 40 hour work week, 52 weeks per year, you’d need to divide $45,000 by 2,080 hours (40 * 52). If this is your measure, $45,000 per year is $21.63 an hour.
Know the Opportunity Cost of Your Time
It’s important to know what your average hourly wage is because you can then judge the cost of your time and then what your opportunity cost is. This means the cost of your next best alternative. In this case, if you earn $45,000 per year and work 2,080 hours per year (40 hours per week), you know your opportunity cost is $21.63/hour.
Want to Make More than $45,000 a Year?
→ Start Freelancing and Side Hustling
- Taking surveys with companies like Swagbucks - Working as a virtual assistant - Making videos, games or apps for mobile devices - Offering services on sites like Fiverr - Becoming a rideshare driver
Want to Make More than $45,000 a Year?
→ Learn How to Make Money from Your Money
This will allow you to control your finances and free up money for more important things like investing. This lets you make money from your money through stocks, bonds, ETFs and mutual funds to provide you with long-term returns and income.
Want to Make More than $45,000 a Year?
→ Invest to Earn Passive Income
Those who have persistence and determination can make $45,000 per year in passive income. Continue investing in worthwhile endeavors like real estate investing and your investments will earn you $45,000 per year.
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