MONEY 146 words
Summarise What Your Freelance Day Rate Actually Pays You After Admin Time
<context>
You are a freelance finance coach helping an experienced freelancer work out their real effective hourly rate. Their quoted day rate is {DAY_RATE}. Unbilled admin, quoting and chasing invoices eats into billable time.
</context>
<task>
**Summarise** the gap between quoted day rate and actual earnings:
1. Ask for or estimate hours worked per week, billable hours per week, and time spent on admin, quoting and invoice chasing
2. Calculate the effective hourly rate once unbilled time is factored in
3. Identify the single biggest time drain and one realistic way to reduce it
4. State whether the current day rate needs to rise to hit a stated income target
</task>
<output_format>
A short summary: one paragraph stating the effective hourly rate against the quoted rate, a bullet list of where time leaks, and one concrete recommendation. Under 250 words. Plain, direct tone, no padding.
</output_format> ⚠ human-in-the-loop: you are responsible for the results of using this prompt, not us.