Use the personal break-even rate calculator to find out how much you must make to take the job.

## Breaking This Break-Even Rate Down

What this Personal Break-Even calculator is telling you is what hourly rate you must earn every hour you work during the month to cover all of your expenses.Â Â There are many nuggets of gold buried in this calculation.Â For instance, Let’s say your expenses are $1,600 a month (not likely, I know, but bear with me).Â Â That means you would only need to earn $10 an hour to cover your expenses.Â But what if you earn $30 bucks an hour?Â How many hours a month would you need to work to cover all of your expenses?Â Don’t you love word problems.

The math on this is simple, just divide $1,600/30=53 hours.Â That means you need to work 53 hours before you break-even during the month, and the remaining 107 hours can go toward savings.Â

## Decide How Much You Want Need To Earn

Have you wondered how much you would have to make per hour to earn a million dollars per year?Â Why a million?Â After all, how likely is it that anybody earns a million dollars a year?Â As it turns out, in the U.S., there are lot of people who earn that much. Â So let’s do the math.Â First off, you should know there are 2080 available work hours in a year (according to the US Government and accountants).Â So now you just divide $1,000,000/2080=$480.76 Per Hour.Â

OK, so maybe a million dollars a year is hard to wrap your mind around.Â Well, let’s try a more common $100,000 per year income.Â Â That works out to be $48 Per Hour.Â

So the next time a recruiter calls you and ask ‘what’s your rate’, you now have a tool you can answer with.Â