Your credit score is an essential part of your finances. If you are interested in buying a home or a new vehicle with a loan, you may need to fix your credit score ASAP. The difference between an excellent credit score and a poor one can be worth tens of thousands of dollars over the […]
Freelancing full-time is something many people hope to do. I enjoy freelancing and love the flexibility that it gives me now that I work for myself. But to be successful, there are a few critical details that you need to consider first before taking the plunge. Doing quite a bit of preparation beforehand will make the […]
My freelance writing career started with humble beginnings. I began by pitching for writing spots on various small blogs. After getting published, I would use those writing samples to pitch businesses and major websites for paid work. These days I get pitches for my own blog. Some of the pitches are great, but most of them […]
Being self-employed, I’m sensitive to the health insurance dilemma millions of people have to deal with. My family is getting our coverage through MediShare, a Christian health sharing ministry. It’s working well for us, and I strongly recommend it. But there are other ways to get health insurance coverage, if you aren’t participating in an […]
A side hustle can help you turn around a difficult financial situation. Whether you are looking to pay off debt, improve your retirement savings, or are looking to pad your cash flow to retire early, it may be possible with a side hustle. A recent Bankrate survey found that the average side hustler brings in […]
Bill Gates, Warren Buffett, and Elon Musk share more than billionaire status. All three highly successful businesspeople are famous for how much they read. I’ve read a few books in my day as well, and while I have not yet reached billionaire status, when I do make it I’ll have these books to thank for […]
Operating in uncertain markets — from both a company’s and investor’s viewpoint — can feel a lot like walking a tightrope. Between shifting legislation on one side and government instability on the other, the path of opportunity can appear narrow and precarious. That’s when leveraging defined frameworks could provide the solution. Emerging markets retain many of […]
The cryptocurrency market has seen some recent pullback. There’s still widespread uncertainty around the concept’s full implications. That’s especially apparent coming out of tax season. Huge sums of money are flowing through crypto markets, but how much of it goes to the government is up for debate. In anticipation of the next crypto uptick, many investors […]
I recently attended the Emerge 2018 conference from the Center for Financial Services Innovation (CFSI), and a big statistic came up again and again. 47 percent of households in the United States could not afford a $400 emergency. Considering the average car, home, and medical expense may take you well beyond that $400 point, getting […]
When you’re trying to cut your budget and save money there are lots of ways to do it. You can cut back on restaurant meals, conserve water, and adjust your thermostat. Still, if you’re already doing these things you may think there’s nothing else to trim from your budget. That’s where you could be wrong. […]
We all love money, well - maybe not love - but we like it a lot, even if we don't want to admit it out loud. The fact is, we need money to survive in this world, and that same money allows us to have things we need and want. Money can even grease the wheels of many situations. With money comes relief that you know the bills will be covered, convenience that you can get more things done, clout to help you gain a more successful position in work and life, and even influence to get others to do what you need and want. Money is powerful. The thought of getting money is often what motivates us to work because when that project is done, there's a financial reward on its way.
Despite all of us loving and needing money, the fact is that money is not always as easy to get as we would wish. For some, when they get their hands on money, it immediately burns a hole in their pocket. As a freelancer and business owner, you most likely focus on money on a daily basis because so many decisions relate to it. These decisions involve how to get more money from clients and projects as well as how much to spend your funds on marketing to get those clients and projects. Other money decisions are about the many places it needs to be sent and whether the costs can be reduced in any way so as to save some of that cash. Then, there are decisions about how much money to pay any support staff or outsourced talent as well as how much money to reinvest in the business or put toward retirement.
Every one of these decisions about money impacts your bottom line. The bottom line can put a lot of pressure on a business owner because you don't want your lack of knowledge about money to be a reason that could lead to failure. Instead, it makes sense to spend the time learning about how to be smart with money and use it to your advantage. That's why we created a Money Tips category on our blog.
In this category, you will be able to find a diverse range of money tips that you can apply to your freelance or small business as well as your personal life, building money management skills and expanding your knowledge about how money can -- and should -- be used effectively. Here are some of the main subjects covered under the Money Tips category:
- How to double your income and find more clients and projects.
- Why it's important to create income diversity.
- How to leverage business debt and how to get out of debt.
- Tax breaks and deductions that a small business owner can take.
- Ways to budget on a variable income and how to create and stick to a budget.
- Methods for ensuring financial compliance in your business and the impact of credit scores on your business.
- How to improve cash flow and address clients that have not paid on time.
- Ways to source more capital and spend your funding effectively.
- How to find a good accountant.
- How to fund a retirement account and ways to save more money.
- How to get a month ahead on bills and deal with unexpected setbacks.
These subjects and more are now available in our blog library. Let us know what other money tips you would like to have included on the Due blog!