If you are a freelancer or a Gig Worker you need to a just that little bit more careful and conscious about your money choices. Here are three things to keep in mind.
1. Fame is not fortune
No matter how good and popular you are or what you do is, it does not automatically translate into a high income or pots of money. Hence, you must focus on creating an emergency fund to dip into when income becomes uncertain.
2. Short earning life
For some freelancers, especially those working in sports and entertainment, active earning years themselves can be limited. Have a plan B and start saving and investing early to help your future years.
3. Risk of uncertain income
When the nature of income is uncertain, ensure that you are not taking too much risk in your investments. First, build up a pile of accumulated savings through stable return investments and then focus on the risky growth assetsGrowth assets as against fixed return assets are those which grow your capital or principle investment. The most common forms of growth assets are equity stocks and property. Investing in equity stocks means you buy a portion of the underlying... More.
Also read:
-
Couples’ guide to money matters: Happy Valentines Month!
It’s the month of February, the month of love, red roses, grand gestures and unspoken desires. When love is in the air, no one really wants to talk money, even if they want to spend a lot of it. But here’s the truth. All your relationships, romantic or otherwise, rest subliminally on some financial foundation. …
-
The calendar year has turned, don’t forget to mark the change in your portfolio too
It’s time to say Happy New Year – wishing you the best in 2026! Despite the celebration that invariably ensues – worldwide – to mark the change in the calendar year, a new calendar year, is actually a change that bears no practical significance for our lives.
-
Why is Serving Tea a Measure of Marriageability?
It’s wedding season and dinner party conversations naturally veer in that direction; families meeting to find suitable matches for their sons and daughters, the modern bride progressively choosing lighter hues in make-up and in wedding attire, and of course the excitement of attending destination weddings which come with all the frills.