Areas of expertise - investing, income taxes, insurance, retirement planning, estate planning, student loans, mortgages, credit cards, education planning, debt, budgeting, credit scores.
Freelancing is liberating in many ways, especially when it comes to escaping the office. Excessive meetings, long commutes, and the dreaded open office floor plan are a few unpleasant aspects of 9-to-5 life to which freelancers can wave farewell. Ditching your work clothes for sweatpants only sweetens the deal.
As you chat with other freelancers, the topic of forming an LLC is bound to come up. If this makes you feel uneasy, you aren’t alone. We spoke to an expert to decode the legal jargon—and help you decide the best move for your business. Sole proprietorships, LLCs, and S corporations are the most common business types for freelancers. Here is a rundown on the key differences between each one.
I was planning on just the opposite — a scrappy how-to guide on nailing the CFP exam on my first try as a career changer. I visualized the “preliminary pass” notification on my computer screen. I imagined a wave of relief while strutting through the test center doors. Then, I would text friends and family the good news from the parking lot. But passing the CFP exam didn’t happen for me.
What’s your most valuable asset? Your iPhone? Your engagement ring? Your condo? What about your income? Disability insurance can help protect such a valuable asset.
Freelancers typically don’t envy their 9-to-5 counterparts too much, except when it comes to the sweet, sweet array of employer-covered benefits, like health insurance, retirement plans, disability, and life insurance. Luckily, building your own benefits package may be easier—and less expensive—than you think.
As a freelancer, you may quickly come to dread the inevitable question, “How much do you charge?” Many of us feel lost when it comes to putting an exact price on our goods or services, but it’s essential to have this figured out before you start courting clients.
Student loan debt can feel like being stuck in quicksand. You hustle every day to make on-time monthly payments while sometimes it can seem like your balance never decreases. Whether you are just beginning the debt payoff journey or nearing the finish line, coughing up extra hard-earned dollars can be infuriating.
It’s easy to get lost in the excitement of your first freelance gig. It may be the start of a lucrative side business—or even a new career. Before pulling out your champagne flutes, though, it’s worth spending some time to get organized financially. Taking the necessary steps now may save you a lot of time, money, and stress later.
When you are self-employed, it’s no secret you are personally on the hook for benefits like health insurance or saving for retirement, but many of us ignore the need for disability insurance.
The basics of finance are simple: spend less than you earn and invest for the future. So if it’s this easy why do so many of us still struggle with money?
Many of us are familiar with the gender pay gap. But the numbers most commonly reported—women earning only 76 cents for every dollar a man earns—is only part of the problem. And if you are a woman of color, the pay gap is even wider.
For some Americans, self-employment is the ultimate dream. Roughly 15 million people (10.1% of the total U.S. workforce) were self-employed in 2015, according to the U.S. Bureau of Labor Statistics. Self-employment offers workers the kind of flexibility that can be hard to find in a traditional 9-to-5 job, not to mention the potential for higher earnings.
I was 25 years old when the stock market crashed. Barely earning $30,000 per year, my savings account was thin, and I worried about losing my job.
It was hard to ignore the media’s predictions of doomsday scenarios and how we needed to protect ourselves. So, when I witnessed a 50% drop in my meager retirement savings account, I panicked.
Luckily, one of my friends knew a financial planner at a nearby firm. If he couldn’t help, he would know of someone who could, she assured me.
One of the scariest things about self-employment is health insurance.
It’s confusing. It’s expensive. And, well, your health is at stake. Having great health insurance, especially when it is paid for by an employer, is one of the best perks of working for someone else. But companies are starting to shift the financial responsibility of health care onto employees.
Thinking about monetizing your blog? Here are the things you should think through and setup before jumping into affiliate marketing.