Jacob Michael (@jacomichae) - Deepstash

Jacob Michael

@jacomichae

Scientific laboratory technician

80 Followers

2097 Following

6 in

+3 more

32 STASHED IDEAS

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32 PUBLISHED IDEAS

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Getting paid on time

Chasing clients for late payments can get uncomfortable. It can also have a huge impact on freelancers' cash flow, as freelancers work from project to project.

Some tips can help to ensure getting paid faster without engaging in awkward conversations with your clients.

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Refinement of Planning and Execution

Refine your current budget and create attainable goals

Identify at least two areas that you would like to work on within your current budget and decide whether you want to decrease your expenses or place an additional budget for it. 

By evaluating how much you've spent on a certain matter and identifying the 'new' number you'd like to establish, you're one step closer to attaining your goal. Remember that your goals aren't impossible, but there has to be a fresh approach adopted to see them through.

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Avoiding the typical advice offered by popular career websites

Popular career advice suggests you can increase your salary by doing better in your performance review or by getting more education from a university. 

However, this advice is out of date. Doubling your salary or at least increasing is about breaking the norm and trying things that are more radical.

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Understanding money is mastering psychology

Studying money has nothing to do with being rich and famous. It has more to do with psychology. 

Stock markets trade on sentiment. Humans buy assets and sell them too. You’ll be terrible with money if you don’t understand your own psychology. My psychology works best when I aim for the long term and take away most of the decision-making ability.

Learn about psychology and you can master your mind when it comes to money and the right strategy for you.

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 Invest your money rather than save

Saving your money is stupid. Inflation will eat away at your money. You make money when you invest what you have in real assets.

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