Please disable Ad Blocker before you can visit the website !!!

Tips for the Gig Worker – Money Tricks: Lesson 5

by Money Puzzle   ·  October 9, 2021   ·  

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 assets.

Also read:

  • Money Diary – What should you do when markets correct?

    Money Diary – What should you do when markets correct?

    Hugely inspired and slightly borrowed from Rick Kahler, MS, CFP, CFT-I, CeFT, CCIM and his The Financial Therapy Podcast. This video is for Indian investors who are confused about what to do in today’s volatile market conditions and how to make use of the correction. Four Easy Steps to follow for clarity on what you should do.


  • How have you fared, being the cowboy who followed ‘fin-fluencers’?

    How have you fared, being the cowboy who followed ‘fin-fluencers’?

    Last year this time, I remember watching several reels from financial influencers talking about the latest IPO or about crypto and even about going shopping in the metaverse. Now I see the same influencers talking about pension fund and fixed deposit investing. If you bought into the investment opportunities being highlighted last year, in the same adhoc manner in which they were being brought to the fore and are now sitting on losses, does it make sense then to…


  • What is the best tax-saving investment? − Money Essentials #10

    What is the best tax-saving investment? − Money Essentials #10

    When choosing where to invest for saving tax, why not also think of the most efficient investment considering the balance of both risk and return. There are several tax-saving investments like public provident fund (PPF), unit-linked insurance plans (ULIPs), national pension scheme (NPS), national savings certificate (NSC), equity-linked savings scheme (ELSS), long term fixed deposits, to name a few of the prominent ones.


Leave a Reply

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from MoneyPuzzle.

You have Successfully Subscribed!