Stealth-Employed! Increasing Your Freelance Income

Stealth-Employed! Increasing Your Freelance Income

Rubbing two halfpennies together as a freelancer is a considerable task that we all struggle with from time to time. Even those that are in full-time employment find themselves having difficulties making ends meet. But, when you’re a freelancer, finding ways to make a proper living can be a momentous task. And for those that have fully established themselves into a freelance career, it’s not always plain sailing. So, if this is you, what can you do to financially free yourself from time to time?

Solid Investments

The irony is not lost on anyone when it comes to the term “spending money to make money.” As a freelancer, it can be challenging to get any money together, but this is where solid investments come into their own. You could take advantage of peer to peer lending platforms or start researching reputable brokers. There are various Interactive Brokers promotions available, which is a trading platform that helps people out relating to the best stocks and shares. Playing the market is a good idea when you are a freelancer because if you do struggle from time to time, you’ve got that little cash buffer to keep you ticking over.

Saving Money

There are alternative ways to save money, aside from the typical stockpiling that freelancers do if they have a dry period. You can find the best cashback credit cards that pay you back a certain percentage every time you use them, but also certain bank accounts will pay you to switch to them. In addition to this, you need to find the best APR percentage rates so that every time you do you have money to put aside, you are getting more out of it.

Starting Your Own Business

This is certainly a double-edged sword, and being a freelancer in working for yourself can give you unique insights into how best to sell yourself. Once you acquire certain niche skills, your best putting these to use by setting up your own business. As is customary with every startup business, it can take some time to find your feet, or even make a profit. Starting your own business could be a better way to keep yourself financially afloat, especially if you approach the right banks and get the best business loans. If you play your cards right, and you could save up some money before starting a business, and researching the best clients before you officially start trading, so you can hit the ground running.

As well as these, being a freelancer does entail some part-time work on occasion. There are freelancer websites that you may or may not be aware of, but also there are websites that allow you to work from home on small contracts that will give you that extra cash boost, especially if your main method of earning is limited at the moment. Being a freelancer comes with its own unique set of challenges, and, short of selling your house, earning money can be a difficult one at the very outset.


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Written by themoneyshed

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