When it comes to being freelance, you often get started because you have dreams of how freeing this style of career can be. And while that is very true, life isn’t all daisies and sunshine as a freelancer.
Yes, you’re your own boss. You get to set your own working hours, pick your clients, and earn your own money. But, you also have the idea of freelancer finances to work with. Your income isn’t reliable. Banks don’t always trust you. And financial life can feel a little bit rocky. However, it doesn’t necessarily have to be a bad thing. Because freelancing can be an incredible thing for your career and your life in general. If you’re keen to make this work and you want to really enjoy the financial benefits, here’s what you need to do.
- Know You Have To Work Twice As Hard
First of all, you have to be aware that you have to work twice as hard. And that’s kind of an understatement. Work-wise, you can put in as much effort as you want. But when we’re talking about anything financial, you have to move mountains to get things done!
Getting credit or finding somewhere to live can be hard. But again, it’s not impossible. You just have to work that bit harder to prove yourself. You need more references than ever before. So just make sure that you’re working yourself hard enough to get everything that you need.
- Ace Your Credit Score
One thing that will work in your favour is your credit. If you don’t want the idea of you being self-employed to hold you back financially, then having excellent credit is going to work in your favour. But don’t worry if your score is less than perfect. Just look into the best credit repair companies and the different options that are available to improve this. Then work on getting your credit up to scratch.
- Have Money
From here, you’re then going to want to make sure that you have some money behind you. And it’s essential. If you want to make sure that you can bypass certain obstacles, having money helps. So pull yourself together a healthy little safety net. These tips for working out how much https://www.betterment.com/resources/funding-a-safety-net-calculate-your-target-amount/ should help you. That way, you won’t have to worry about losing work should it happen either!
- Charge What You’re Worth
When it comes to the money you earn, make sure that you charge the amounts that you’re comfortable. You can set your own rates and use things like https://www.forbes.com/sites/abdullahimuhammed/2017/05/19/a-5-step-guide-to-setting-your-freelance-rates-perfectly/. Don’t worry about being too expensive, if you feel you’re worth it, then stand your ground.
- Have A Plan
Finally, you’ll also want to have a plan for your future. Think about where you want to take your freelancing, or whether you want to start a business, or what you’re going to do with your finances. Having a plan is a great way to get some peace of mind about the uncertainty of freelancing.