Examples: annual income you want to achieve; fitness goals you want to achieve
With income, it’s common to want to earn a particular amount by the end of the year. Let’s keep things simple and say $100,000, you bill hourly, and plan a 5-day, 40-hour week.
To break the goal down into manageable chunks (or at least a realistic perspective):
- $100,000/52 weeks = $1923/week
- determine number of non-working days for the year and remove them from your equation (if you plan 2 weeks of vacation: 100,000/50 weeks = $2000/week)
- how about holidays? Most years there are 10 federal holidays observed. In 2017, there are 11 because Inauguration Day is a federal holiday every four years.
- how about sick days? days off for kids (or elderly parents) being sick or needing to be driven somewhere? There’s no set way to…
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