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Home > AS's annual earnings hit $40K!

AS's annual earnings hit $40K!

August 2nd, 2016 at 03:20 pm

AS did 4 hours of work for my company yesterday and accepted a $500 job from another place. Those combined pushed her for-sure earnings up over $40K for the year!

Last year she earned just over $57K, so that was the benchmark for 2016. But early in the year she hit a couple hurdles; 2015 had started with some big checks coming in for 2014 work, whereas she didn't have as many delayed paychecks for her end of 2015 work. January 2015 she pulled in over $7,200, vs. $805 in January 2016. She also must have had a bigger start to her year than she did this year; Q1 of 2015 she earned $19,400 vs. $5,600 in Q1 of 2016.

But, despite that staggering $14K handicap in the beginning of the year, she's done really well since then. She thinks she can pull in at least another $8K by the end of the year, which would take her to $48K, just $9K short of last year's earnings. Which would mean she's billing higher in later months than she did in 2015. That's promising! She's starting to be able to be a bit choosy and has quit or turned down clients whose hourly rate doesn't cut it or whose work isn't as satisfying. (She tracks her time carefully so she has an hourly rate calculated even for flat fee jobs -- which the majority of her jobs are.)

I'm very proud that she's managed to make this career for herself -- and with her working at home, the house has never been cleaner! (She worked on-site at my company for the past two weeks and the difference showed in our house.) She also can take care of little organizing/admin things that occur to me or NT during the day, which cuts down on our after-work to-do list.

We may someday look at a workspace-sharing thing for her so she can be out of the house more, but for now, her business runs so cheaply, with virtually no expenses, and we get the benefit of a SAH adult at a time we can't afford a house-cleaner. So for where we are right now, it's perfect.

6 Responses to “AS's annual earnings hit $40K!”

  1. creditcardfree Says:
    1470152004

    Good for her!

  2. Bluebird Says:
    1470152132

    That's great!

  3. scfr Says:
    1470162383

    That's really good! I don't see anything on the sidebar about a SEP IRA. Is she eligible? Have you looked in to it?

  4. ceejay74 Says:
    1470163646

    Yes! We put 10% of her earnings into an SEP.

  5. rob62521 Says:
    1470188835

    Yay!

  6. FrugalTexan75 Says:
    1470495877

    That is great!

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