When you begin working, you may have many plans about what you will do with the money. For most of us, as we enter this phase, the main goal is to have a steady income source.
This article considers a scenario where the pay rate for employees is $30 an hour. Depending on the number of hours you work, we will determine how much you can earn in a year, month, week, or day.
$30 an hour is $62,400 a year if your work 40 hours per workweek.
Your monthly income as a full-time worker will be $5,200.
$30 an hour is $1,200 a week working full-time at 8 hours a day.
Your daily income would be $240 if you work full-time.
An hourly rate of $30 is more than 4 times higher than the prevailing minimum wage rate of $7.25 an hour. You can live comfortably unless you have major debts or a big family to care for.