While my parents were always able to make ends meet, there wasn’t much leftover. That meant that there wasn’t much wiggle room for unnecessary spending. However, I didn’t realize that that also meant that my parents weren’t prepared for retirement. While they do get Social Security and a small pension, money is tight for them. […]
Barrett Strong once sang, “Now, give me money (That’s what I want).” Donna Summer proclaimed that we work hard for money and the Beatles believed it couldn’t buy love. Pink Floyd, so they say, consider money the root of all evil today. According to Biggie, the more money we come across, the more problems we […]
Ah, new money. But should you invest your stimulus check, or not? For many Americans, January 1st, 2021 started with an extra $600. For everyone else, the stimulus money has slowly but surely been rolling out. The second round of stimulus checks have been issued, and are starting to hit accounts! While it is half […]
A 401(k) is a fabulous tool for savvy retirement savers, and it’s a great idea to get a jump on your retirement contributions early in the new year. With the beginning of 2021 comes a fresh start on a lot of financial things, so be sure you know the 401(k) rules for 2021 in order […]
If you’re looking to diversify your investment portfolio, add another source of income, or both, real estate can be a viable choice for growing your money. People may overlook real estate investments because they assume they’ll need to produce a substantial amount of cash upfront to get started, or they don’t have enough knowledge on […]
If 2020 has shown us anything, it’s that you can never truly be prepared for every curveball life may throw your way. A global pandemic has taken all of us out of our normal lives and into something completely unexpected. We now know more than ever how important it is to prepare your finances ahead of […]
It’s that special time of year. Snuggled right in with Black Friday, Cyber Monday, Thanksgiving, and the start of real holiday shopping — the Open Enrollment Period for your health insurance plan. If you are not sure how to get your own health insurance, this guide will help you compare health insurance plan options. “Navigating […]
Whether you’re looking to pay off your student loans, save for a down payment on a car, or catch-up on retirement, the only way you’ll reach these goals is by improving your finances with a few simple money fixes. Despite the misconception, though, you don’t have to turn your life upside down. In fact, you […]
Early this year, my siblings and I came to the conclusion that our parents had a problem. They were completely unprepared for retirement. And, we made this collective decision to step in and help them resolve this concerning problem. During my preparation, I found some solace in the fact that my parents weren’t alone. According […]
Recently on a cool and dreary Saturday, I decided to go all Marie Kondo to my bedroom closet. During this process, I came across a photo album containing pics from high school. Naturally, that sent me down memory lane. I’m not going to bore you with all the details. But, I began reflecting on my […]
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!