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Tool 02 / monthly income

Turn your income goal into a workable rate.

Choose a monthly take-home target and include expenses, payment fees, a tax reserve and the hours you can realistically bill.

Build your income plan

Sample inputs are illustrative. This is planning math, not professional tax advice.

Internet, tools, equipment and other costs.
Your own chosen buffer—not a tax estimate.
Other time goes to finding work and admin.

Why billable time matters

A 40-hour week does not mean 40 paid hours. Time spent searching, qualifying, pitching, invoicing and learning is often unpaid. A smaller billable share means you need a higher charged rate.

Formula and assumptions

Gross revenue needed = (take-home goal + expenses) ÷ [(1 − fee fraction) × (1 − tax reserve fraction)]. Hourly price = gross needed ÷ estimated billable hours.

This is deliberately simple and does not replace jurisdiction-specific accounting.