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Ronald H. Barrick
Certified Public Accountant

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Increase-Your-Wage Calculator

If you work one hour and spend that hour's entire wage on a non-necessary, non-appreciating purchase, you have effectively limited the value of one hour's wage to its face value. On the other hand, if you were to invest all or part of the one hour's wage into an interest earning investment, this would serve to increase that hour's wage by an amount equal to the total interest earned by the investment. In other words, the person who is ultimately responsible for setting your hourly wage rate is not your boss--it's YOU! The calculator below will calculate the future value of your hourly wage based on the portion invested, the annual rate of return, and the number of years invested.

Hourly Wage $ Portion Invested Interest Rate # of Years
Future Value Interest Earned

You can increase your own hourly wage in one of four ways:
  1. Increase the portion you invest
  2. Increase your rate of return
  3. Increase the years invested
  4. Or any combination of the latter

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