Three Steps to Becoming a Millionaire
Dump “nonprofit” tasks and focus on the high-value ones.
By Sandi Leyva
The Complete Guide to Marketing for Tax & Accounting Firms
Let’s do the math. To earn a million dollars in a year, you have to bring in $83,333 per month. Assuming you bill hourly and work for the standard 1,000 billable hours per year, you need to charge $1,000 per hour. If you want to make $5 million in one year, you will need to charge $5,000 per hour.
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Here’s some breaking news: You won’t get there doing tasks that are worth $10 per hour. Even if we drop a zero and aim for six figures in a year, you won’t get there doing $10-per-hour tasks either. At six figures, you’re worth $100 per hour.
The difference between poor people and rich people is simple: One values the scarcity of their time and uses every minute wisely, and the other doesn’t.
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