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 […]
Got a plan to build an emergency fund? It might be a good thing to start. Years ago, while still trying to establish myself as a freelancer, I heard a bloodcurdling sound emitting from my car. It appeared to be the squealing of brakes. And, since brakes are kind of important, I made an appointment […]
How many times have you made a decision about your money that you later regretted? And what’s worse, you knew better beforehand, but made that choice anyway! These irrational decisions occur in every part of our lives, and when we make irrational money decisions, they cause a lot of damage. So let’s dive into the […]
While the Great Recession was devastating for millions of individuals, the decade that followed was generous to investors. From a marketer’s perspective, the 2010s will forever be remembered as an era of slow but steady gains on Wall Street, and a period of sustained growth for investors and their retirement accounts,” explains John Divine, a […]
Recently a new breakfast joint opened up in my town. During my first trip there, I was pleasantly surprised to see that they also have a lunch menu. That meant in addition to delicious breakfast sandwiches; there were also traditional lunch options like soups, salads, and BLTs. I’m all about a solid breakfast sandwich. But, […]
I don’t think that anyone plans on digging themselves into a massive debt-hole. But, sometimes, there are unexpected emergencies that you have to address that will drain your savings. Other times you can’t control your spontaneous spending, or you just really need to get that new shiny object, like a new iPhone. Sometimes spending isn’t […]
There are a lot of things to lose sleep over each night. But, perhaps, nothing more than the stress of money. In fact, for years, financial concerns were a common stressor for Americans — one survey reported that an astounding 72 percent of Americans reported feeling stressed about money at least once a month. More […]
In all aspects of your life, it’s imperative that you protect your finances at all costs. And this is especially true when it comes to your online activity. After all, in the 21st Century, we do pretty much all of our shopping, budgeting, and transfers digitally. While convenient, that also means that we’re susceptible to […]
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!