Freelance Finance

Muck and Mire’s guide to financial serenity for the self-employed

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16 Things Freelancers Must Know #4: Yes, You Must Save for Retirement

February 12th, 2008 · No Comments

We hear it all the time: “I’m young. Why should I save for retirement now?” Here’s the short answer: Because the power of compound interest works in your favor the more years your money sits in the bank, growing. If you start saving 15 percent of your income in your twenties, you will be a [...]

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Tags: Pleasures of the freelance life · The Retirement Fund

Why I don’t bother scanning financial records

February 12th, 2008 · No Comments

Deciding how long you should keep your old tax documents and financial records is hard enough without getting bogged down in busy work. It’s entirely possible these days to scan and create a digital record of every single piece of paper you accumulate. But you’ll never find me doing it. That may sound weird after [...]

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Tags: Death and Taxes · Getting Organized