Freelancers: Dealing with the Lumpy Income Blues
I read a wicked article on Freelance Switch the other day by Martha Retallick called Proven Solutions to Freelance Income Fluctuation. In the article, Martha outlines some killer strategies for beating what she terms the “Lumpy Income Blues”, which is a term I am officially stealing and using in my everyday freelance vocabulary. Mostly, Martha gives you some great tips for getting real with your finances – figuring out what you’re spending on, what you can cut back on, how to get saving, and how to live frugally and creatively. And all of these things are awesome and essential if you’re going to run your own biz and be self-employed.
But, but, but, but …
I think it’s very important that, if you’re getting a lot of Lumpy Income Blues months, you need to get proactive about finding new clients and getting regular income streams. So I’m going to offer a few tips for you on how to create an income cushion each month to save yourself from the Lumpy Income Blues.
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