Working at a job that pays $50,000 a year is a respectable living. Freelancing is also a great way to make money, but how much does it pay? $50000 a year may sound like a lot of money, but when you break it down into an hourly wage, the number looks more like $20.00-$25.00 per hour.
$50,000 Per Year is How Much an Hour?
If you want to calculate this based on a standard full-time work week, or 40 hours per week, 52 weeks per year, you’d need to divide $50,000 by 2,080 hours (40 * 52).
If this is your measure, this comes to $24.04 per hour.
All of the math in this article considers you working every work hour of the year. In all likelihood, if you work as a salaried employee, you don’t work all 2,080 hours per year.
This can include things like:
- Writing
- Designing and styling websites (or resume templates)
- Developing software
- Becoming a rideshare driver
- Selling your services on a site like Fiverr
When you have enough money saved, you can learn how to turn money into more money. This means investing in assets that appreciate in value, or provide you an income return as well.
By having persistence, and a strong work ethic, you can make $50,000 per year in passive income! Continue investing in worthwhile endeavors like real estate investing and your investments will earn you $50,000 per year.