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Increase Your Wage Calculator
If you work one hour and spend that hour's entire wage on a non-vital, non-appreciating purchase, you have effectively limited the value of one hour's income to its face value. On the other hand, if you were to invest all or part of that one hour's pay into an interest earning investment, this would serve to increase that hour's pay by an amount equal to the total interest earned by the investment. The Wage Calculator below will calculate the future value of your hourly rate of pay based on the portion invested, the annual rate of return, and the number of years invested.
Instructions: Enter your hourly rate of pay, e.g. £8, then decide on a portion that you could reasonably invest, e.g. £1. If you have an interest bearing bank account or any other form of savings enter the annual Interest Rate, e.g 5%. Then decide on a period for the investment, e.g 10 years. Click on compute and it will show you the increased value of your hourly rate.