[jaredklewis]

Sure, I gave 100k as an example. But I think the same principle applies more generally. It is perfectly possible to run a freelance business charging $50/hour, just expect that your total annual take-home (after health, sales work, accountants, and so on) to be in the $50k range. As for being in a hot market, well this is hacker news and programming is a very hot market right now.

I think a lot of people have a mistaken impression that freelancing is hard to pull off. In my experience, landing a contracting gig at a big hourly rate takes roughly the same amount of effort as it takes to interview and land a full time job. If you can land a full time job, you can probably freelance.

[halfimmortal]

My 2 cents to everyone here: nowhere in the discussion did I hear of setting hourly rate based on the value you're bringing to the company. It's all about how much the other company was paying you and how much more you're worth now. It's good to be ambitious, but as a freelancing consultant - think about the value you're bringing for the client. Set your rates based on that. You bring X value, company gets 10X benefit.