I’ve known my hourly wage since I started working. It’s a simple salary divided by weeks divided by hours per week, no biggie. Is there really more to it? Yes, according to Vicki Robin and Joe Dominguez in Your Money or Your Life. They establish that money is simply a thing you trade your life energy for, and step 2 of their 9 steps to transform your relationship with money and achieve financial independence is to establish your real hourly rate.
Happiness Through Luxurious Frugality and Financial Independence