Mastering Freelance Financial Planning: A Freelancer’s Roadmap to Success
- Understanding Your Freelance Income
- Essential Financial Tools for Freelancers
- Tax Planning for Freelancers
- Budgeting Techniques for Freelancers
- Retirement Planning for Freelancers
- Insurance and Protection Planning
- Debt Management and Credit Building
- Investing for the Future
- Harnessing Income Diversification: A Strategic Move for Freelancers
- Mastering Financial Planning: The Pillars of a Sustainable and Successful Freelance Career
- Financial Planning For Freelancers: FAQs
Financial planning forms the foundation of a freelancer’s journey, setting it distinctly apart from traditional employment.
The modern professional landscape, characterized by a dynamic freelance economy, has surged exponentially in recent years. This emergent field restructures conventional work paradigms, offering a thrilling yet demanding career path, very often location independent. Having navigated this terrain personally, I’ve experienced firsthand the unique financial hurdles freelancers encounter on their path to success.
Recognizing how to navigate financial planning as a freelancer is essential to navigating your financial trajectory. Freelancers encounter the volatility of irregular income instead of the certainty of a fixed paycheck, which can discourage many from pursuing a freelance career. This income varies based on client count, project volume, and work hours, making it a fluctuating factor in budgeting. Therefore, an in-depth understanding of income management becomes imperative for a successful freelance career.
Equally important is mastering the terrain of self-employment taxes. Unlike traditional employment, where taxes are withheld automatically, freelancers must be responsible for accurately computing and timely paying their taxes. With this comes the complexity of self-employment taxes, which encompass both Social Security and Medicare taxes, typically split between employers and employees in traditional roles. As a freelancer, you are both the employer and the employee, doubling your tax obligation.
Moreover, when you’re a freelancer, benefits are entirely self-managed. Traditional employers often offer benefits such as health insurance, retirement contributions, and even paid vacations. However, as a freelancer, these considerations must be planned, sourced, and financed independently, often without the bulk purchasing power that companies have.
These unique challenges make financial planning an important skill and a lifeline for freelancers. Without the safety nets inherent in traditional employment, effective financial management becomes the buoy that keeps a freelancer afloat in the unpredictable seas of self-employment, helping to ensure a stable, sustainable, and successful freelance career.
Being a veteran in this field, I’ll share the lessons I’ve learned and strategies I’ve developed to help you navigate this dynamic economic sector. The following guide is designed to provide you with the knowledge and tools necessary to confront the financial challenges inherent in freelance work and thrive in this exciting landscape.
Understanding Your Freelance Income
Instead, your earnings are subject to the whims of client demand, project availability, and the number of billable hours you’ve worked. This inherent variability in freelance income presents unique challenges when forecasting future earnings, managing expenses, and strategizing savings.
Given the volatility of freelance income, the concept of a “steady” monthly income is more of a myth than a reality. Some months may bring many lucrative projects that boost your income well above average, while others might see a worrisome drought of work opportunities. This income roller coaster, while thrilling, introduces a significant layer of complexity when it comes to financial planning and management.
However, the ebb and flow of freelance income are not without patterns or predictability. From my personal experience, I’ve noticed that income fluctuations often follow identifiable trends—seasonal patterns, industry cycles, or even shifts in market demand.
As such, a keen understanding and meticulous tracking of your earnings and spending patterns over time can become a powerful tool in your financial management arsenal. It allows you to anticipate periods of low income and prepare accordingly while helping you make the most out of high-earning periods.
Another strategy I’ve found immensely helpful is separating business and personal expenses. As a freelancer, the lines between the personal and professional spheres can often blur, but keeping these expenses separate is crucial for several reasons.
Firstly, it allows you to gauge the true profitability of your freelance business. By comparing your business income with business expenses, you can determine whether your freelance work is financially viable or adjustments are needed.
Secondly, separating expenses helps with tax preparation. Many business-related expenses can be deducted from your taxable income, reducing your overall tax liability. A clear record of these deductions—from home office expenses to travel or professional development fees—will simplify your tax filing process and ensure you claim all eligible tax breaks.
Understanding and adopting these strategies simplifies financial management and empowers you to take full control of your freelance income, allowing you to plan and save efficiently.
Essential Financial Tools for Freelancers
This is particularly beneficial for freelancers who, without a dedicated financial department, must shoulder the burden of financial management themselves. One of the most effective strategies to manage this challenge is to leverage online financial tools, a strategy that has been a cornerstone of my freelance journey.
Platforms like FreshBooks and QuickBooks are incredibly valuable resources for the core task of accounting and invoicing. Both software systems offer user-friendly interfaces and comprehensive features that allow you to track your income and expenses and even manage client relationships in one centralized location. FreshBooks, for instance, provides intuitive invoicing features that simplify the billing process, helping you maintain a professional image while saving time. Read our Freshbooks review for a better understanding of this tool. On the other hand, QuickBooks boasts robust accounting capabilities that make monitoring your business’s financial health easier.
One tool that deserves particular mention is Bonsai. Designed specifically for freelancers, Bonsai offers an all-in-one solution combining project management, time tracking, invoicing, and accounting in a user-friendly platform. Its standout feature is the suite of customized contract templates that can be invaluable for freelancers in various industries. This multipurpose tool can streamline your business operations and offer valuable insights into your financial performance.
However, tax filing is an essential aspect of financial management that many freelancers find daunting. The complexities of self-employment taxes and deductions can be overwhelming, but appropriate software can make the process more manageable. Several comprehensive tax software options on the market are tailored to the specific needs of freelancers. These platforms guide you through computing your taxable income, factoring in self-employment taxes, and ensuring you make the most of all possible deductions. They also help you comply with tax regulations and save you from costly penalties.
Beyond handling business finances, pricing, and finding jobs, a freelancer must also take control of personal financial management. This includes budgeting, savings, and investment planning. While there is no shortage of budgeting tools available, finding one that fits your unique financial needs and habits as a freelancer is crucial. Look for a tool that can accommodate irregular income and flexible expenses and provide features for setting and tracking savings or investment goals.
In conclusion, online financial tools are not just a freelancer’s ally—they are the unseen finance team supporting your freelance career’s sustainability and growth. By harnessing their capabilities, you can streamline your financial operations, ensure compliance, and make informed decisions leading you toward financial independence.
Tax Planning for Freelancers
Developing a thorough understanding and effective management strategies for your taxes is not merely a recommendation—it’s imperative for financial success and sustainability in the freelance world.
Firstly, it’s crucial to understand the concept of self-employment taxes. Unlike traditional employees, who split Social Security and Medicare taxes with their employers, freelancers shoulder the full responsibility for these taxes. This means that a chunk of your income that you might have viewed as profit is, in reality, already earmarked for the State. Budgeting and financial planning must consider this to avoid unpleasant surprises at tax time.
However, the tax terrain isn’t entirely unfriendly to freelancers. Deductions and tax credits are available that can significantly reduce your taxable income. These can range from home office expenses—if a portion of your home is used exclusively for your work—to the costs of business supplies, and even professional development costs. For example, the associated expenses could be tax-deductible if you attend a seminar or course to upgrade your skills. Keep meticulous records of these expenses, as they can result in substantial savings on your tax bill.
It’s also essential to understand that the timing of freelancer tax payments differs from that of regular employees. This depends on the country, but freelancers are generally required to make estimated tax payments on a different basis rather than filing once a year. These payments are based on your estimated income for the year and can help you avoid a large year-end tax bill or potential penalties for underpayment. This approach requires careful planning and disciplined savings habits, as you must set aside a portion of your income throughout the year.
Given the intricacies of tax laws and potentially significant financial implications, consulting with a tax professional is often wise. A knowledgeable tax consultant can guide you through the complexities of the tax landscape, help you plan and make accurate estimated tax payments, and ensure you take full advantage of all applicable deductions and credits. This investment in professional advice can often pay for itself through reduced tax liabilities and peace of mind.
In sum, navigating the tax terrain as a freelancer can be daunting, but it’s not insurmountable. By equipping yourself with a strong understanding of your tax obligations, leveraging available deductions and credits, making timely estimated tax payments, and seeking professional advice when needed, you can turn this challenging aspect of freelance life into a manageable part of your business routine.
Budgeting Techniques for Freelancers
Not just a record of your income and expenses, a budget is a financial roadmap, guiding you toward your financial objectives and helping you navigate the rocky terrains of income variability and unexpected expenses. However, the unpredictable nature of freelance income adds an extra layer of complexity to the budgeting process, calling for specific strategies tailored to the unique demands of freelance life.
One such strategy is zero-based budgeting. Rather than merely tracking where your money has gone, this approach dictates where each dollar should go, effectively giving every dollar a “job.” This technique can be a powerful tool for managing variable income in freelancing.
At the beginning of each month, you assign a role to each dollar based on your projected income. This could be covering essential expenses like rent or groceries, contributing to savings, or investing in your freelance business. Doing this ensures that all of your income is accounted for and purposefully used, rather than frittered away without a clear plan.
Another budgeting method well-suited to the freelance lifestyle is the envelope system. Traditionally, this method involved dividing physical cash into envelopes labeled with different expense categories. Today, the same principle can be applied digitally using budgeting apps or multiple bank accounts. Each dollar you earn is allocated to a specific “envelope” or category, such as rent, utilities, groceries, or business expenses. This method can help you visualize and control your spending, ensuring that your earnings cover all necessary expenses. You could, for example, open a second bank account to split your income; If you’re looking for a bank that offers comprehensive online management and seamless money transfers, Revolut is a good choice.
While these budgeting techniques can be highly effective, they are incomplete without including an emergency fund. The nature of freelancing means there will inevitably be lean periods where work is scarce, or unforeseen expenses arise. An emergency fund serves as a safety net during these times, offering a buffer against financial hardship.
This fund should ideally cover several months’ worth of living expenses, providing you with the peace of mind that you can maintain your lifestyle even during a work drought or in the face of sudden costs. Regular contributions to this fund should be a non-negotiable item in your budget. While it might seem challenging to set aside money for this purpose, particularly when facing variable income, the financial stability and peace of mind it offers make it a worthwhile investment.
In conclusion, budgeting as a freelancer may present unique challenges, but it also offers the opportunity for unique solutions. With zero-based budgeting and the envelope system, you can create a tailored budget that accommodates your variable income and ensures each dollar is being put to its best use. By prioritizing the creation of an emergency fund, you can protect yourself from the financial unpredictability inherent in freelance work. Together, these strategies can help you build financial stability and independence as a freelancer.
Retirement Planning for Freelancers
Unlike traditional employees, freelancers don’t have the safety net of an employer retirement plan. There’s no company 401(k) plan with matching contributions, not pensions or other benefits. Instead, freelancers must be responsible for saving for their golden years. The importance of this cannot be overstated—your future financial security hinges on your actions today.
Depending on your location, several retirement plan options cater to self-employed or small business owners. For instance, in the U.S., freelancers can explore plans like Solo 401(k) or SEP IRA. In the UK, freelancers might consider a personal or stakeholder pension. Similarly, a Self-Employed RRSP or Individual Pension Plan could be the answer in Canada. Researching and selecting a plan best aligned with your long-term financial goals and retirement expectations is essential.
While setting up and managing a retirement plan may seem daunting, many financial institutions offer these services and can provide guidance throughout the process. Also, consulting with a financial advisor can be invaluable to make informed decisions that align with your long-term financial goals.
In conclusion, while retirement planning might seem like a distant concern amidst the pressing demands of freelancing, it is an essential aspect of your financial plan. By exploring options, you can secure your future financial well-being, benefit from tax deductions, and ensure that you are well-prepared for a comfortable and worry-free retirement.
Insurance and Protection Planning
Unlike employees in traditional roles who often have access to employer insurance benefits, freelancers are their bosses and must navigate the insurance terrain independently.
Health insurance is arguably the most critical insurance coverage for freelancers. It protects you from the high costs of medical care, ensuring that an unexpected illness or injury doesn’t lead to a financial catastrophe. It’s an essential safety net that gives you access to necessary medical care, including preventive services, which could help you avoid serious health issues. Remember, investing in your health is also investing in your business—after all, you are your business’s most valuable asset.
However, while health insurance can be seen as a non-negotiable aspect of a freelancer’s insurance portfolio, it should not be the only coverage you consider. Disability insurance, often overlooked, is another crucial type of coverage. This insurance is designed to replace a portion of your income if you ca unable to work due to an injury or illness. Since freelancers typically don’t have access to sick leave or employer-provided short-term or long-term disability benefits, disability insurance can provide a much-needed financial safety net.
Then there’s also the option of professional liability insurance. It protects you against potential lawsuits or claims made by clients. For example, if a client alleges that your work caused financial loss, this insurance can help cover legal fees and any damages awarded. This coverage can be particularly relevant for freelancers in consulting, design, or programming industries, where client dissatisfaction can quickly turn into legal disputes.
Navigating the insurance world can be daunting, given the myriad options available and the sometimes complex nature of insurance contracts. It’s crucial to shop around, comparing different plans to find the right balance between coverage and affordability. Look closely at the details of each policy, including deductibles, coverage limits, and exclusions.
Don’t shy away from seeking professional advice. An insurance broker or financial planner can provide valuable insights tailored to your specific situation and needs. They can help identify potential risks you might overlook and guide you toward insurance solutions that offer comprehensive protection.
Insurance for freelancers is not universally mandatory. The necessity often depends on location, profession, and personal circumstances. In the United States, where healthcare costs can be high, freelancers might feel a more pressing need to secure insurance coverage. It can safeguard against potentially substantial medical costs and ensure access to necessary healthcare services.
Conversely, in many European countries, the comprehensive public healthcare system and other social benefits can alleviate some of the concerns regarding insurance coverage for freelancers. That said, freelancers might still opt for certain types of insurance—like professional indemnity insurance—based on the nature of their work and the associated risks.
Ultimately, whether or not to get insurance, and what kind, is a personal decision. It should factor in one’s unique professional and personal circumstances, risk tolerance, and financial capacity. Regardless of one’s geographical location, exploring options and making an informed decision about insurance coverage is beneficial.
Debt Management and Credit Building
Debt can cast a long and imposing shadow over your financial landscape when not handled properly. It can impede your ability to invest in your business, create unnecessary stress, and even lead to serious financial crises. However, when managed correctly, you can navigate debt strategically, mitigate its impact, and keep your financial health intact.
Among various types of debt—credit card debt, personal loans, or business loans—high-interest debt usually poses the most significant threat to your financial stability. The interest attached to these debts can compound at an alarming rate, causing the amount you owe to balloon over time. As such, prioritizing the payment of high-interest debts is a wise strategy. This tactic, also known as the avalanche method, involves making the minimum payments on all debts while putting any extra money toward the debt with the highest interest rate. Once that debt is paid off, you move to the next highest, and so on. By tackling these debts first, you can reduce the total interest you pay over time.
However, the proactive management of existing debt is only half the equation. Practicing financial discipline is equally important to avoid incurring unnecessary new debt. This involves living within your means, building a robust emergency fund, and making strategic business investments. It’s about understanding that debt can be a useful tool when used judiciously—for example, to grow your business or manage cash flow during lean periods—but it can be financially damaging when used to fund an unsustainable lifestyle or ill-conceived business ventures.
Maintaining a good credit score is crucial, primarily for freelancers in the U.S. and Canada. This numerical value represents your creditworthiness and influences your access to business loans, lines of credit, and favorable interest rates. To enhance your score, consistently pay bills on time, manage credit card balances, and avoid unnecessary credit applications. Monitoring your credit report for errors can also prevent undesired score dips. It’s worth noting that credit scoring systems may differ in other countries.
In conclusion, managing debt effectively and building a strong credit score are cornerstones of solid financial planning for freelancers. These steps require discipline, consistency, and strategic thinking, but the pay-off—financial stability, lower borrowing costs, and a robust financial foundation for your freelance career—is undoubtedly worth it. Remember, as a freelancer, your financial health isn’t just about immediate needs. It’s about building a sustainable financial infrastructure that can support your career in the long run.
Investing for the Future
Developing an effective investment strategy is not just about supplementing your income—it’s about fueling the longevity and growth of your freelance career, securing your retirement, and achieving your long-term financial goals.
Investing is essentially the act of deploying your money with the expectation of achieving a profit or material result. It can take many forms, from buying publicly traded companies’ stocks, investing in bonds issued by governments or corporations, purchasing mutual funds that pool money from multiple investors to buy a diversified portfolio of assets, or even exploring real estate investments. Each option carries its risk-reward profile, which should be considered carefully based on your financial goals, risk tolerance, and investment horizon.
Stocks, or shares in a company, often carry the potential for high returns, but they can also be risky. The value of your investment can fluctuate significantly based on the company’s performance, market conditions, and broader economic factors. On the other hand, bonds, essentially loans to a government or corporation, typically offer lower returns but are considered safer as they provide fixed interest payments.
Mutual funds offer an attractive middle ground for many freelancers. They provide exposure to a diversified portfolio of assets, including a mix of stocks, bonds, and other securities. This diversification inherently spreads the risk, ensuring that poor performance by a single asset doesn’t significantly impact your entire investment.
When designing your investment strategy, consider the principle of diversification—not putting all your eggs in one basket. By spreading your investments across different asset classes and sectors, you can mitigate risk and increase the potential for stable, long-term growth. It’s about striking a balance: achieving growth through riskier assets while protecting your wealth with safer investments.
However, while investing is a powerful tool, it isn’t a one-size-fits-all solution. What works for one freelancer might not work for another. It’s crucial to align your investment decisions with your unique financial situation, goals, and risk tolerance. You might be a risk-taker, comfortable with investing heavily in stocks for the potential of high returns. Alternatively, you might be more conservative, preferring the stability of bonds or the balanced approach of mutual funds.
Finally, it’s essential to remember that investing is a long-term endeavor. The most successful investors are often those who invest consistently, stay patient during market downturns, and keep their eye on their long-term goals rather than getting swayed by short-term market fluctuations.
To navigate the complex investing world, consider seeking advice from a financial advisor or doing extensive research using reliable financial news sources, books, and educational websites. Learning about investing can help you make informed decisions and equip you with the confidence to manage your financial future.
In conclusion, the role of investing in a freelancer’s financial plan can’t be overstated. It offers a potential avenue for wealth accumulation, financial resilience, and readiness to handle the unpredictability of the freelancing world. While it’s not obligatory, investing—in stocks, bonds, mutual funds, or a mix—could be a valuable part of your financial strategy. Success in investing hinges on aligning it with your financial goals, managing risk via diversification, and demonstrating long-term commitment.
Harnessing Income Diversification: A Strategic Move for Freelancers
Start by identifying complementary skills or services you can offer your existing client base. For instance, if you’re a freelance writer, you might consider branching into content editing, consulting, or digital marketing.
Likewise, consider passive income streams, such as creating an online course or writing an eBook. These generate revenue even when you’re not actively working. Leveraging platforms like Teachable, you can effortlessly design and launch your online courses in various fields and thus share your knowledge and skills with a global audience. This can be profitable and offers a fantastic avenue to interact with diverse learners while continually honing your skills.
Another strategy is to venture into different markets or industries. If you predominantly work with tech clients, for example, you might explore opportunities in healthcare or finance.
You could also decide to change direction and focus on opportunities barely related to what you’ve done so far, tapping into some of these best business ideas.
Managing multiple projects is a common strategy for freelancers to ensure a consistent income stream. However, it’s crucial to simultaneously boost your productivity using specific tools and techniques and effectively prioritize tasks while improving your time management skills to avoid burnout. By doing so, you’ll not only increase your work efficiency but also potentially counter feelings of isolation often associated with freelancing. Remember, balancing your workload effectively is key to a sustainable and satisfying freelance career.
Diversifying your income fortifies your financial position and enriches your freelance career with varied experiences and learnings.
Mastering Financial Planning: The Pillars of a Sustainable and Successful Freelance Career
While brimming with flexibility and opportunity, the freelance economy also brings unique financial challenges. Nevertheless, these challenges can be transformed into strengths with the right approach to financial planning. Mastering your financial planning is not just about survival—it’s about setting the stage for a flourishing and sustainable freelance career. By understanding the various aspects of financial planning—from income management and taxation to budgeting, retirement planning, insurance, debt management, and investment—you are laying the foundation for financial independence.
Understanding your income as a freelancer is a vital starting point, especially given its often-variable nature. This requires closely tracking earnings and expenses, discerning patterns, and adjusting your financial strategies accordingly. It’s about how much you earn and how you manage what you earn.
Next, harnessing technology is important to simplify and optimize your financial management. Use specialized financial tools, like accounting software and budgeting apps, to track your income and expenses, plan your budget, and manage your taxes. These digital solutions can be powerful allies in your financial journey, helping to streamline processes and ensure accuracy.
Taxes are another crucial facet of freelance finance. Understanding your tax obligations, utilizing all eligible deductions, and making timely estimated payments can help avoid penalties and optimize your fiscal health. Taxes may be complex, but they can be successfully managed with the right approach and possible professional advice.
Furthermore, although challenging due to income variability, budgeting plays a significant role in maintaining financial health. Techniques like zero-based budgeting and envelope systems, can assist in planning and managing your expenses. An emergency fund serves as a buffer, providing financial stability during lean periods or when faced with unexpected expenses.
Retirement planning and insurance, though often overlooked, are integral to a freelancer’s financial plan. Without the cushion of an employer plan, exploring alternatives is imperative. Similarly, insurance—be it health, disability, or professional liability—offers protection against unforeseen circumstances, safeguarding your finances and your career.
Debt management, another critical aspect, involves strategically handling existing debts—particularly high-interest ones—and avoiding unnecessary new ones. At the same time, building a strong credit score opens doors to future financial opportunities, such as securing business loans or lower interest rates.
Lastly, investing can be a component of financial planning. You can work towards wealth growth and long-term financial security by diversifying your investment portfolio according to your risk tolerance and financial goals.
Financial planning as a freelancer might be complex, but it’s key to unlocking a successful and sustainable career. It’s an ongoing process requiring continuous learning and adaptations as your business evolves. Embrace these financial challenges as part of your freelance journey. Enjoying your freelance freedom while securing your financial future will make all your efforts worthwhile. Remember, financial independence as a freelancer isn’t just a destination—it’s a journey of learning, adapting, and growing.
Financial Planning For Freelancers: FAQs
What financial tools should freelancers use for tracking income and expenses?
Freelancers can leverage various digital financial tools to streamline the tracking of income and expenses. Comprehensive accounting software like QuickBooks or FreshBooks and invoicing and payment platforms such as Bonsai provide solutions tailored to freelancers. These platforms facilitate efficient income, expenses, and client tracking, thus making financial management more straightforward.
How should freelancers manage their taxes?
Freelancers are responsible for self-employment taxes. They should also account for potential deductions related to business expenses or home office costs. To manage taxes effectively, freelancers should make estimated quarterly tax payments, maintain separate accounts for business and personal expenses, and consider seeking advice from tax professionals or using specialized tax software.
What budgeting techniques are useful for freelancers?
Given the variable income nature of freelancing, techniques such as zero-based budgeting and the envelope system can be helpful. Zero-based budgeting involves assigning every dollar a job, ensuring every cent of income is allocated purposefully. The envelope system allocates specific amounts to different expense categories, thus helping maintain spending discipline.
Why is an emergency fund important for freelancers?
An emergency fund is a financial buffer for freelancers during lean periods or unexpected expenses. It provides a safety net, offering peace of mind and financial stability. This fund should ideally cover 3-6 months of living expenses.
What retirement planning options do freelancers have?
Freelancers have several retirement planning options, depending on their locations. These plans often allow for higher contributions, and contributions are typically tax-deductible. Choosing the right plan depends on your specific circumstances and future financial goals.
What types of insurance should freelancers consider?
Freelancers should consider several types of insurance, including health insurance, disability insurance, and possibly professional liability insurance, depending on their location. Health insurance covers medical expenses, disability insurance provides an income if you cannot work, and professional liability insurance protects against claims of negligence or failure to perform professional duties.
How should freelancers manage debt?
Freelancers should prioritize paying off high-interest debts while avoiding incurring unnecessary new debt. Regularly monitor and build your credit score, which can be crucial for securing business loans or lower interest rates. Tools and strategies such as debt avalanche or snowball methods can be employed for effective debt management.
What should freelancers consider when investing?
When investing, freelancers should consider a mix of investment options, such as stocks, bonds, and mutual funds, based on their risk tolerance and financial goals. Diversification helps minimize risk and achieve long-term growth. Viewing investing as a long-term endeavor requiring consistent effort and patience is also essential.
How often should freelancers review and adjust their financial plans?
A freelancer’s financial plan should be a living document, reviewed and adjusted regularly. At a minimum, it should be reviewed annually, but significant life changes or business shifts might necessitate more frequent reviews. The goal is to ensure the plan stays aligned with evolving financial goals and circumstances.
Can freelancers benefit from professional financial advice?
Professional financial advisors can provide valuable insights and guidance tailored to a freelancer’s situation. They can help with investment, tax, retirement, and more strategies. However, it’s essential to choose a trustworthy advisor, preferably one with experience in assisting freelancers or self-employed individuals.
This post may contain affiliate links, which means that we may receive a small commission, at no cost to you, if you make a purchase through a link.