Rate glass ceiling

[yasockie]

So basically no matter what I try I end up with an average of 500pd/2500per week, at best
I tried having two concurrent contracts at 500pd each but only 2 and 3 days a week
then I tired two remote ones both at a lower rate but summed up to a 2.5k / week
Finally now I have a slight chance of getting a 5day/week contract at ca 500/day

Now this is a slight improvement as I won't have to juggle things between clients, but obviously I still end up getting the same money-wise.
How the f__k does one step up from this? I want to retire before I'm 70.

[Notascooby]

So basically no matter what I try I end up with an average of 500pd/2500per week, at best
I tried having two concurrent contracts at 500pd each but only 2 and 3 days a week
then I tired two remote ones both at a lower rate but summed up to a 2.5k / week
Finally now I have a slight chance of getting a 5day/week contract at ca 500/day

Now this is a slight improvement as I won't have to juggle things between clients, but obviously I still end up getting the same money-wise.
How the f__k does one step up from this? I want to retire before I'm 70.

Escorts charge £150+ per hour

HTH

[SimonMac]

I guess it just depends on your skill set and the competition, the big money contracts are there, for me it would invlove working in London, where a bump in the rate would be eaten up in extra costs so I make more on a lower rate.

[craig1]

If you go through the Interim Management agencies you can get £200-250+ on top of normal rates just for having a fancier job title. Only got a few roles through them as it's ultra-competitive but the rates more than made up for the effort. Mainly for managerial or strategic roles though.

[JamJarST]

So basically no matter what I try I end up with an average of 500pd/2500per week, at best
I tried having two concurrent contracts at 500pd each but only 2 and 3 days a week
then I tired two remote ones both at a lower rate but summed up to a 2.5k / week
Finally now I have a slight chance of getting a 5day/week contract at ca 500/day

Now this is a slight improvement as I won't have to juggle things between clients, but obviously I still end up getting the same money-wise.
How the f__k does one step up from this? I want to retire before I'm 70.

If you can't see a way to retire before 70 on £500pd I would suggest that it is your lifestyle that is the problem and not the rate.

[ChimpMaster]

You're talking about retirement but £500/day is still very good. If you get contracts consistently throughout the year, you're looking at around annual £80,000 in your pocket (a rather crude calculation based on 11 months income and average 30% tax/costs).

Do that for 10 years, invest slowly and wisely, and you will be in a far stronger position. Of course, it depends on how your view your 'retirement, but you have the opportunity to have it better than 98% of the population is able to achieve.

You can move up the food chain or move into a more in-demand or niche technology, but there's no guarantee that it will pay a high rate for long. And how far are you willing to push yourself - would you work away from home, away from family & friends? Could you do the long commutes and long hours, say in London?

On the whole, though, contract rates in the West are falling and this is a long term trend. Use your £500/day wisely.

[BolshieBastard]

If you can't see a way to retire before 70 on £500pd I would suggest that it is your lifestyle that is the problem and not the rate.

I think the 'sockie' in his name gives the game away (but I know you know this ).

[bobhope]

You're talking about retirement but £500/day is still very good. If you get contracts consistently throughout the year, you're looking at around annual £80,000 in your pocket (a rather crude calculation based on 11 months income and average 30% tax/costs).

Do that for 10 years, invest slowly and wisely, and you will be in a far stronger position. Of course, it depends on how your view your 'retirement, but you have the opportunity to have it better than 98% of the population is able to achieve.

You can move up the food chain or move into a more in-demand or niche technology, but there's no guarantee that it will pay a high rate for long. And how far are you willing to push yourself - would you work away from home, away from family & friends? Could you do the long commutes and long hours, say in London?

On the whole, though, contract rates in the West are falling and this is a long term trend. Use your £500/day wisely.

I try to always remember that contracting is more of a marathon than a sprint. Really, with a good setup, you are earning 1.5 - 2 x a normal salary, so you should be able to retire at least a bit earlier.

[SteelyDan]

Has it ever crossed your mind that you might not be cut out for contracting?

Seriously though, why are you complaining? Some are struggling to even get a role these days!

[cojak]

So basically no matter what I try I end up with an average of 500pd/2500per week, at best
I tried having two concurrent contracts at 500pd each but only 2 and 3 days a week
then I tired two remote ones both at a lower rate but summed up to a 2.5k / week
Finally now I have a slight chance of getting a 5day/week contract at ca 500/day

Now this is a slight improvement as I won't have to juggle things between clients, but obviously I still end up getting the same money-wise.
How the f__k does one step up from this? I want to retire before I'm 70.

Reduce your out goings (spend less).