Originally Posted by Jim vanBergen
For those who charge 20-30/hr, how do you make ends meet?
if i had debt, it would be impossible.
but i'm blessed with no debt. i own my house, own my space, car, and all my gear. my bills for the studio are insurance, security, utilities, and thats it.
bill 1 day a month (=$240) and i've got that covered. Its just me, no employees.
on the home front its utilities, home owner's ins., food for me and my other half and our pets, car insurance, fuel, and thats it aside from yearly property taxes. bill 3 days a month ($700-$750) and i'm covered there.
add to that the occasional remote gig.. and every day over 4 per month that i can bill and i've got a nice buffer. money to put in the bank, and money to reinvest into gear (maintenance, upgrades, repairs, etc.)
i'm used to living a very frugal lifestyle. i don't spend money on clothes unless i need new ones. 80% of my shirts were free, given to me by artists/labels/etc. and
i'd rather buy a new mic than a new wardrobe.
I could easily get by for the next 10 years working only 6 days a month. I might have to adjust my rate according to inflation, but its completely feasible.
After i put some years on the new facility and save up, i'll start looking for a larger space to buy down the road.
Debt sucks, it was a bitch to get rid of it all but i've vowed to never go into debt again. Even if it means i have to tone down my already frugal lifestyle. Eating ramen sucks, but eating ramen with borrowed money sucks even more.