What do you trade your work for?

Track the money that comes into your life as a creative professional. It will account for your use of energy and time.

Your work as a creative professional can be engaging and sometimes exciting. There will always be a conflict between your work and other aspects of life. Most professionals spend more than a third of their waking hours at work and often feel that they should do even more. It will be in your best interest to ask questions about how much time you spend working and whether it is worth the rewards you get from it. You will look at your relationship with what you have gathered.
All the money you have earned throughout your career, everything you have spent, and how much energy you have wasted on doing so. Money is something you exchange your life energy for. When you become familiar with money as life energy, you will see the choices you have made, understand the consequences, and learn from them. Financial independence is not having most things. It is to have exactly what you need and to be able to stop running in the wheel whenever you want.
Your hourly rate
The hourly rate in your life reveals the amount of money you have exchanged your time for. This gives you a sign of what would be a better use of your time to have a richer life of experience and with money. By visualising the time and effort spent making money, you understand if the activities have improved the purpose of your life. You will discover how much time and energy you have to invest, so spending hours or money serves a purpose that is part of the big picture. Do as Joe Domingues, Vicki Robin, James Shramko and Ramit Sethi in the books “Your money or your life”, “Work less, make more” and “I will teach you to be rich”, and calculate the hourly rate you have today, or which you have had in other parts of your career. You calculate your hourly rate by taking the income you earn in a year or a month and subtracting the costs. This is your monthly profit. If you are employed, your salary is equal to your earnings. Divide the profit you have in a month or a year by the number of hours you worked to get it. The number you have now is your hourly rate. For example, if you earn $ 9,000 a month in revenue, and your fixed and variable expenses are $ 3,000, that means your profit will be $ 6,000. If you work 200 hours a month to make this profit,: $6000/200 = your hourly rate will be $30 per hour.

1. Take the amount of revenue you make and subtract your costs. 

2. Divide your profit by the number of hours you worked to get it.

Does the work fit into your life?
Planning the broader purpose of your working life will be a daunting task. To come up with ideas for future work, I used two important strategies. The first was that I looked back on my life and identified moments where the work had been meaningful. It was not the specific professions I worked in, but activities that I had been involved in and what they made me feel. The activities where I used my hands and my body felt good and I created something. 
To work less and make more, all you need to do is move the needle on one metric.–James Schramko
Strategy number two was to try something new that seemed interesting. Selection criteria were if the side projects or internships felt meaningful. Money was important, it was just not the most important criteria. Thinking about salary does not mean getting more money or less money; It means knowing how much money is enough to give you a life you enjoy, now and in the future. What caught my interest was everything that engaged visualisation and especially creating visual communication.
Choose experiences that are valuable to you. Whatever it is. Imagine your future reality and enjoy what it looks like, the sounds and textures of the work and how it feels to do so. What I envisioned was that creative processes were built on narrative structures, and that I wanted the work to be like making and playing a game. Once you know how to calculate the hourly rate, you can measure future opportunities against an hourly rate you accept.
When deciding your life income, think about whether the work also fits into this broader context called your life. Will it make you never have to worry about money? The purpose of my work should be to teach others what I have learned from my efforts, and in addition, I want to become financially independent. Financial independence is much more than having a secure income. It is not having to deal with debt, and it frees you from dependence on money to control your life.
Do you want the life they have?
Are you happy with how you envision your future work? Do you think you can handle the limitations and risks? Do you know anyone else who has such a life, and do you want the life they have? Are you prepared to pay the price and do everything necessary to create this future reality? With my broader purpose stated, it was time for me to consider how I wanted to teach people and whether they would pay money for it.
How do you move money in your life?
The goal is to strive for a business model with a predictable income and the ability to work with what is meaningful to you without becoming a workaholic. By knowing the income and hourly wage of my life, it suddenly became clearer what I wanted to spend my time and energy on. I want to do something meaningful, but if I am not rewarded with an amount of money that makes my life sustainable, the work will not be meaningful anymore.
Be aware of how you move money in all aspects of your life. From now on, you need to keep track of all your big and small incomes and expenses. It’s simple, but not necessarily easy. You become financially independent from measuring and managing the used energy for the reward. Have a clear vision of the new type of work, whether it pays off, and how to spend the money so that meaningful work does not become meaningless.

Exercise: Calculate your work-life hourly rate