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How to Cope as a Freelancer by Ageing your Money

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I left traditional employment after having my twins, and I have been freelancing ever since. The decision of not going back to my old job after pregnancy was kind of made for me. Going back to my old job was not going to be worthwhile so I created jobs I could do from anywhere for myself. Being a freelancer/self-employed is not easy but it is worth it. I always weigh all options in life, and the pros of working for myself from home massively outweighs the cons, which is why I am still doing what I know how to do best.

 

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How to cope as a freelancer by ageing your money

Coping financially as a freelancer has been a learning curve. I have had to learn how to ask for the right amount of money for what the job I do. I have also had to learn how to manage my money so it covers all my living expenses and a bit more. Having some kind of savings is important for every one of us, regardless of the work we do. But it is really important when you are working for yourself, as you really have no guaranteed income. The only income that is guaranteed is what you currently have in your bank account. It is very possible to not make £1 for a whole week, only to make as much as £1000 the next week. Which is why you have to learn how to age your money.

 

Ageing your money

Ageing your money is something I have always known about and I have put into practice for as long as I have been earning money. However, I became more aware of this after reading the Wall Street Journal Bestseller – You Need a Budget by Jesse Mecham, earlier in January. The book really resonated with me. It was so good, I couldn’t stop reading it. I finished reading the entire book on my Amazon Kindle within 3 days.

I picked up a lot of tips from this book and I recommend it to all business owners, freelancers, self-employed, and even those doing traditional jobs. The book opened my eyes to ways of really making my money work longer for me, and I picked up many vital tips that I have now implemented in my life.

The whole idea behind ageing your money is you not spending your income as soon as it hits your bank account. It can feel like a delaying tactic but it really works. All you need to do is to try it for a month and see the difference in your bank balance and your mental health. Ageing your money stops you from living pay check to pay check. It helps you get out of debt and stay out of debt.

 

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Having a budget helps age your money

Having a budget helps you stay on top of your income and expenses. Your outgoings are all planned and you are in control of your finances. Being a freelancer means you never really know how much you would make from month to month, so having a realistic budget is important because it gives you that peace of mind.

My income varies from month to month. I have been freelancing for a few years, so I know on average the minimum I would make, so I plan my bills with that in mind. Also, I make sure I keep any extras I get for months when I am short. I age my money by spreading my bills so they all don’t go out in the same week. That way I am never short of cash, and I can keep aside payment for each bill weekly.

 

Ageing my money is how I am smashing my freelancing/self-employed world. It works great for me.

Are you working for yourself from home? How do you stay on top of your finances?

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3 Ways to Transition to Freelance Successfully

Is leaving your job and going into freelancing full-time one of your goals for the year? As someone who transitioned from a 9-to-5 to freelancing, I know the questions you might have in mind. Questions like: “Am I making the right choice?” “Will I be able to make enough money in my first month to pay the bills and still get myself nice things?” “Will I be able to find clients or will anyone want to hire me?”

Leaving your stable job to go all in to a business where you cannot guarantee right away the level of income you’ll make is a terrifying step to take. However, with a clear plan that will help you ease into your dream life as a freelancer, you can safely transition to freelancing.

All it takes is to honestly answer these three questions. The answers you give will determine if you’re ready to jump into freelancing or if you need a bit more preparation before you dive into it full-time.

 

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Question #1: On a scale of 1 to 10 how ready are you emotionally to dive into freelancing?

I agree that wanting to make the transition to being a full-time freelancer is nerve-wracking. But if you have a conviction that you will succeed and if you trust yourself that you have what it takes to thrive in the freelance industry, then there’s no stopping you.

Most of the times, people allow the fear of the unknown to paralyze their effort to actually make something big out of themselves. This kind of negative thinking is not a healthy sign of someone who is ready to create a career in freelancing.

It’s okay to be nervous or scared but so long as you believe in yourself and are determined to do what it takes to give value and grow as a freelancer, then you’re on the right track.

 

Question #2: On a scale of 1 to 10 how ready are you professionally and personally for freelancing?

Unlike working in a 9-to-5 where you’re accountable to your employer, as a freelancer, you are your own boss. Being the boss comes with a lot of responsibilities and you need to train yourself to handle such responsibilities.

Professionally, freelancing is a huge shift from the conventional. The freelancer lifestyle is very different from what you’re used to. It involves you spending most of your time at home and alone.

You have to be sure that you’ll be able to handle the changes that come with being a freelancer. Are you really ready for these changes and do you have a plan B just in case things don’t turn out according to plan? Or do you still need more time to accept the change?

 

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Question #3: On a scale of 1 to 10 how ready are you commercially to be a freelancer?

You need to be aware of the risks involved with doing freelancing full-time. Are you financially ready to dive into the freelance career? Do you have enough money to live on pending when you are able to receive a comfortable income from freelancing? Do you already have a steady flow of client projects each month?

You can’t predict your income as a freelancer the way you could while working as an employee. Freelancing full-time has its highs and lows. And unless you’re financially ready to take the leap, then it’s best to work towards it.

 

Grade yourself

The highest score is 30. So if you got more than 15 then you’re ready to pursue your freelance career headlong. But if you got anything less than 15, then don’t worry. It’s only a sign that you have to work on yourself and make the necessary preparations to transition to freelancing.

3 Benefits of becoming a massage therapist

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If you are still thinking of what career to pursue, you may want to consider becoming a massage therapist. It is becoming very high in demand, especially with the discovery of the benefits of massage therapy. People do not only get massages to pamper themselves, but to also treat other ailments.

 

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It also does not take too long to become a certified massage therapist, with some training taking less than a year. Aside from that, there are also plenty of work opportunities for those who are considering this field. Take a look at the list below for some of the benefits of becoming a massage therapist.

 

  1. It is a rewarding career

     One of the best things about being a massage therapist is being able to help your client. Whatever setting you are working on, whether it’s in a clinic or in a spa, you know that you are doing something to improve the wellbeing of your client. Most people experience stress almost every day, and getting a massage is the perfect way to relieve that stress. Some are even able to build a good relationship with their clients, and they can see just how their massage sessions can help their clients to not think of their worries and just enjoy and pamper themselves.

 

  1. There are a lot of work opportunities, or you can be your own boss

    There are so many places that may require a massage therapist. You can choose to be in a healthcare setting and work with chiropractors, nurses, or even in nursing homes and rehabilitation centers. If you are not looking for work in a healthcare setting, you can also choose recreational facilities like hotels or spas. You can even go on a cruise ship and enjoy traveling while earning money. Or, you can also set up your own business. All you need is a massage table and proper training and you can already start earning money! Just make sure that you get an accredited massage course, like those from Dave Taylor Training, so you can be assured that you are receiving the best training possible. You can even choose to specialize in certain types of massages, like sports massage in order to cater to more specific clients.

 

  1. You can set your own hours

    If you are the type of employee who does not like to keep regular hours, this type of work is perfect for you, especially if you choose to build your own business and become a solo practitioner. You can have the choice of working only during the time you want. For example, you prefer to work at weekends only, or during the evenings. These can all be done as a massage therapist. Of course, you need to make sure that you have a steady stream of clients so that you can enjoy more free time. That way, all your clients need to do is set up an appointment with you. You can choose to have your own space or you can go to their homes and service them there.

 

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