Paying yourself first is the cardinal rule of all income-earners, whether you are a self-employed freelancer or not. As you may have noticed, Mire and I like to call this feeding the monkey. Suppose you decide to save 15 percent of your income. Save it as follows: 10 percent to a retirement account, and 5 [...]
16 Things Freelancers Must Know… #3: Pay yourself first
February 8th, 2008 · No Comments
Tags: Getting Organized · Pay Yourself First · Pleasures of the freelance life · The Emergency Fund · The Retirement Fund
16 Things Freelancers Must Know… #2: You Need a Nest Egg
February 6th, 2008 · No Comments
In an ideal world, I wouldn’t advise becoming a full-time freelancer until you are 30 or 35 years old. The longer you wait, the more contacts you will have, and the more money you’ll have saved up. And, if at all possible, I would not start as a full-time freelancer unless you had 6 to [...]
Tags: Getting Paid · Invoices · Managing clients · Pleasures of the freelance life · The Emergency Fund