Do you have a financial plan? - Deepstash

Do you have a financial plan?

  • When you decide to do freelance writing full-time, income stability is often the tradeoff. To hedge risk (as investors would say), save at least three months of living expenses saved up before quitting your day job — this will offer some relief during slow months and emergencies.
  • Make sure your freelance writing income is enough to sustain you. Ideally, you should be making equal to or more than your day job. 
  • Increase your freelance writing rates so you can afford to live on them.

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tifmiller

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