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Want to know $ 35000 a Year is How Much an Hour?
If you work the standard 40 hours a week, then $ 35000 a Year will come around $16.83 per hour.
This is a fairly straightforward calculation and there will be some variables depending on your company, package, taxes etc.
Do you want to know the breakdown of this $ 35000 a Year is How Much an Hour? This is how.
Assume you work 40 hours a week.
In a year, there are 52 weeks in a year.
So your total number of hours working in a year are 40*52 = 2080 hours.
In this calculation of $ 35000 a Year is How Much an Hour we did not consider your paid vacation or statutory leaves you would get in your company.
If you are working in a full time job, there are a number of week offs (or off hours) which you need to factor in.
Company A: Gives you two weeks of paid time off
Company B: Gives you three weeks of paid time off
If you work for Company A, your $ 35000 a Year income translates to $17.78 per hour.
If you work for Company B, your $ 35000 a Year income translates to $18.30 per hour.
As you might know, the average salary in the United States is roughly around $56,516 so this means that you are a little short of the average income.
If you are getting an offer for a job that pays $ 35000 a Year, you end up making $16.83 per hour which might not be enough to lead a comfortable life.
In such cases, you should consider starting a side gig or any part time online business that can earn you some extra income.
You can read this post on 51 best business ideas to make extra money or read some of our other posts which will help you get started with starting a side gig and making some extra money.
How Much is a $ 35000 A Year Salary?
As per Bureau of Labor, in 2017 this was the income breakdown as per Age in U.S
65+ years of age: $47,008.
55–64 years of age: $50,232.
45–54 years of age: $50,700.
35–44 years of age: $50,752.
25–34 years of age: $40,352.
20–24 years of age: $27,300.
16–19 years of age: $21,944
Depending on your age, a $ 35000 a year salary might not be sufficient.
If you have student loan debt or any kind of debt, then $ 35000 a year will certainly not be enough.
This is when a side business can help you.
Also, if you have a side business that is earning you extra income, you can write off many of your expenses as business expense and save tax.
How to Increase Your Income Beyond $ 35000 a Year while Still Keeping Your Day Job
If you are in a job that is paying you $ 35000 a year and want to earn some extra income, here are some ways.
Offer Freelance Services
If you are a salaried person doing any sort of work on a computer, then chances are that you can offer the same or related services on a freelance basis. Skills such as content writing, virtual assistant, sales professional, graphic design pay good amount and you can earn some extra money.
When you start off, you can do work for free or for a minimal amount to build your portfolio and then start charging more as and when you become skilled.
Few reliable websites to start offering freelance services and make money are
Part Time Jobs or Gigs
Part time jobs or gigs are also a great way to earn some extra income. Part time jobs include driving an Uber, food delivery or even courier pick up and drop. Part time gigs allow you to work as per your availability and you can consider signing up with a service such as Postmates or Doordash to make extra money.
We have written a very detailed comparison of Postmates vs Doordash, do read it if you are interested in joining these companies.
Start An Online Side Business
When I was working at my full time job, I was doing many side projects that were making me extra income.
A side hustle is something you do in addition to your full time job. Sometimes, side hustles will not generate any income for months at a time but if you keep at it, it will start generating money.
For example, a YouTube channel.
When you first start a YouTube channel or a blog, you will not make any money but if you consistantly keep at it- you will make money and it can even earn beyond your normal day job.
I have written detailed posts on how to make money from Facebook, how to make money from YouTube and how to make money through blogging. You can check those posts out.
Make Extra Money Flipping Furniture
Flipping furniture is a proven way to earn some extra money online.
I have written a detailed post with tips on how to make money by flipping furniture-you can read it.
You can learn just about anything online and you can also teach just about anything online.
If you are good any any skill whether it be cooking, coding, graphic design or even English language, you can teach these skills and make some extra money online.
Do remember that you do not need to be an expert in anything, just ensure you are good enough to teach to beginners and you can start teaching.
Click on the link below to browse online tutoring part time jobs.
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