If you know me at all, you'll know I'm always up to talk about money. Not in the "Hey plebeian! Look what I've got!" way but more in the mindset of "You're in this hot mess too?! What are you doing?! Is it working? Is there a way we can learn from each other?"
The last few weeks have been a welcomed whirlwind. I've broken record'd the battle cry of "oh man, I'm so busy" and I'm absolutely aware of it. What's freakin' awesome though is the fact that money is coming through the doors and for that I'm insanely thankful. Freelance is "feast or famine" and I know the financial spigot could shut off for a season at any point.
Turns out it's expensive AF to be a freelancer, especially as you get further into your career. The amount of overhead I've accumulated over the years running this freelance operation is DUMB. Thinking back to when this whole thing started as a side hustle back in 2004-ish I'd have never imagined the amount of money it takes to keep this up plus trying to be intentional about the future.
At times it feels like I'm working just to keep up: Gear and business insurance, health insurance for me and our two boys, plus life and disability insurance. Then there's the money set aside for taxes and retirement accounts. Oh, then there's paying off bank loans, paying myself every two weeks, phone and internet bills, and on and on and on. It's dumb.
Positive side note: I paid off my car today – several months early BTW – so that's rad.
The biggest leg up I've had in terms of money management as a freelancer has come from a book I read back in 2010-11-ish – The Money Book for Freelancers, Part-Timers, and the Self-Employed.