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I mean, don't get me wrong, everyone makes mistakes, but you quitting cannot be a financial decision right? To make 120k, you need 15k day*rates to go. At 75$ f

I mean, don't get me wrong, everyone makes mistakes, but you quitting cannot be a financial decision right? To make 120k, you need 15k day*rates to go. At 75$ for your rate, that's 200 days. With ~260 actual available days to work, you expect 77% efficiency? With the taxes, insurance and most importantly, the presumed availability of work .. There is no way. I have been doing consulting for a while and as an advice, I would take the efficiency to be at most 50% so in OP's case would not accept less than $115/hour to quit my $120k job.

daxfohl 10y ago
No, I figured I'd be closer to 90% efficiency. Little did I know. Also I was thinking I'd be able to bring on new clients at higher and higher rates, but it hasn't worked out that way. Haven't spent enough time looking for new work, and whenever I get a new client it seems like my primary client suddenly has a big deluge of work that I don't want to forfeit. There were other "life" considerations as well, but I thought the financial would be better than it is.