How can self-employed individual plan financially?

[Reedex]

It is very important to establish a consistent streams of income for yourself as a freelancer or as a self-employed individual. Diversifying your client base is very critical because it is going to help you set a clear and steady cash flow for your business. It is important that you should not also forget about budget for taxes as a freelancer because it is critical to set aside a portion of your income for taxes each month.

 

[nomad]

If you are self employed, you need to make money through multiple sources. This is to ensure that you will have money even when you lose some of your income sources.

 

[Ofonime]

If you are self employed you will need to have good saving and other ways to earn this will aid you to reserve some money for your future financial back up then think of having multiple start up

 

[Springtime]

As a freelancer, I always try to maximize my income through aggressive acquisition of clients. This will enable me to ensure that I have a stable source of income. On the savings side, I won't buy anything which is not necessary. I have taken out insurance policy and have an emergency fund in case I am sick and not able to work for a period of time.