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Poll: Freelancers/Consultants – What's your yearly income?

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31–40 of 123 posts

Re: Poll: Freelancers/Consultants – What's your yearly income?

#31

You're showing your bias with the ranges you've chosen. Capping the poll at "$200k+" is effectively a statement that you don't believe in the existence of consultants who charge north of $100/hr and work close to 2000 hours per year. A fair chunk of your initial datapoints are challenging that assumption.

As _delirium[1] mentioned, I can't detail every range (there are more people making $20k or less).

At the moment, people making $200k or more are 15% only.

[1] https://news.ycombinator.com/item?id=6464829

Re: Poll: Freelancers/Consultants – What's your yearly income?

#32
post #28
post #21

Earlier quoted context omitted.

"Someone will always be getting richer faster than you. This is not a tragedy." --Charlie Munger

I don't think he's complaining about someone getting richer faster. He's complaining about someone who has less skills and getting paid more.

Complaining is the wrong word. I'm aware more than ever now that what I earn is entirely in my hands and my ability to sell myself.

Having the confidence in you're own ability in order to sell yourself for more money is what I was talking about.

If others are earning more than me with an ability I deem to be less than mine, then I need to learn the skill they are better than me at. Being able to sell themselves.

Re: Poll: Freelancers/Consultants – What's your yearly income?

#34
post #17
post #14

Earlier quoted context omitted.

In Portugal the minimum wage is currently 485€ per month, before taxes. With a degree one usually one starts at around 1000€ per month and grows from there. You have to be already quite senior to even dream of the 2000€ barrier, in a few selected companies. However with the current economical situation, many people are quite happy if they happen to just get something .

That's funny. Up there in Lithuania 1000eur is average salary for non-senior developers. Senior developers may easily get 2000eur in a good company. Or they're not that senior. 3000eur/mo is not unheard of for really good seniors. The main (uneducated) public is in the same spot though, with minimum wage of 290euros. Good time for IT guys.

Strangely, this is not so different from Belarus as you would imagine.

Re: Poll: Freelancers/Consultants – What's your yearly income?

#35
post #23
post #7

Earlier quoted context omitted.

Well, it is hard but not "incredibly" hard. Not all clients there are bottom feeders, even though the majority probably are. Even then, it still definitely beats being an employee on a fixed salary in most "developed" countries. Someone told me that the average programmer in Poland makes 800 EUR/month. That doesn't sound spectacular either ;-)

Living expenses are presumably different though. So it's a bit hard to just compare salary directly.

They aren't anymore. I've lived both in Poland and countries in western EU, Netherlands be one example, and honestly everyday product prices are very similar. The major difference is housing although Poland is very similar to Berlin housing wise, now compare the average salaries...

Re: Poll: Freelancers/Consultants – What's your yearly income?

#36
I'm a ruby contractor working in London, charging £400 per day, but I know others that are charging £500. Having such a high day rate means that I can afford to work part time as to have enough time to work on side projects too. I earned just shy of £50k last year, not all the time was part time so this year will probably be less.

Re: Poll: Freelancers/Consultants – What's your yearly income?

#38
post #35
post #23

Earlier quoted context omitted.

Living expenses are presumably different though. So it's a bit hard to just compare salary directly.

They aren't anymore. I've lived both in Poland and countries in western EU, Netherlands be one example, and honestly everyday product prices are very similar. The major difference is housing although Poland is very similar to Berlin housing wise, now compare the average salaries...

Costs of living haven't been that much different for a decade or so. The only reason most businesses pay poor salaries to Polish workers is - because they can (high level of unemployment + low percentage of workers organised in trade unions + low minimum wage). Living expenses don't differ much between Warsaw and Berlin.

Programmers' wages are an exception, because - unlike most of the population - they have way out from the local labour market.

Re: Poll: Freelancers/Consultants – What's your yearly income?

#39
post #20

First year of freelancing, so I can only give a projected income, but it should be accurate as I'm on a long term contract until the end of the year: $80k. It's been a very variable year of course. I consider myself as having had a successful year, but I think most people not on long term contracts will have highly variable monthly incomes. My lowest monthly income: EUR 457 (in January too. That month was difficult).…

Beware of having only a single long term contract, please diversify. If your contract ever falls through you need instant back-up, not after the 3 months or so that it will take to get your order pipeline filled. You need several customers in parallel to be stable as a freelancer, not one big one.

How do you structure your work with several clients? Do you work for a few weeks for one client, then a few more for another, etc?

Re: Poll: Freelancers/Consultants – What's your yearly income?

#40

I turned over ~$80k in my first year freelancing. This year will be substantially higher. Battling against imposter syndrome and finding out how much your worth to a company/business is one of the hardest things about freelancing. I still today believe I'm undercharging for my skill set. Especially when I compare my ability/experience to those I'm working with who are earning a similar amount of money. At the same ti…

What is imposter syndrome?
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