I know a lot of people don’t think Black Americans save. We do. Maybe even more than White people. Our problem is usually that we just need to make more. But
whether you’re American or
not, you might have a goal you want to work toward.
Need money for a dream vacation, house down payment or to boost your retirement savings? Freelancing might be the answer to your problem.
If you want to use freelancing to hit that goal, I want you to do 3 things
- Decide on an amount
- Set a date
- Divide it out
So, for example, if you want to save $10K over the next year, set a date of 9/15/2020 and divide that out monthly. Now you know your freelance business needs to average around $850/month (post taxes) to reach your goal.
Does your number look a little high? This post addresses getting your rates to $75/hr, but can help no matter what income level you're aiming for.
Megan