Methods Of Successfully Earning Extra Money

After quitting her full-time job as an arts editor at a weekly paper

, Molly Freedenberg, a writer now based in Austin, Texas, became her own boss. "I was tired of working for someone else, being told what to write and when to write it and wasn"t allured out of these dissatisfactions by pay, benefits or promises of promotions," says Ms. Freedenberg, who began writing for several different companies. But she soon wearied of constantly hustling for work, and she missed having co-workers. After a year of yo-yoing income and long solitary hours, she went back to working a full-time job at a daily newspaper. Such reversals are common, say career experts. Not everybody is willing or able to adjust to the psychological uncertainties of freelance life. Whether you"re planning to quit your job and freelance full time or are being forced to earn a living while in career transition, freelance success requires you to think differently about income, taxes, time management and retirement, says Sara Horowitz, executive director of the New York-based Freelancers Union, a nonprofit that assists freelancers with education, community support and benefits. "It can be overwhelming because you"re suddenly taking on many things that an employer would normally handle for you, like Social Security tax." Start thinking like a small business because you are one. Hire an accountant who can help you properly set up a bookkeeping system. You"ll have to discipline yourself to set aside around 30% of your income to pay quarterly estimated federal taxes. Fortunately, as a freelancer, you may be entitled to a significant number of business-related deductions like health insurance, a portion of rent, mortgage and mileage. Create your own freelance work contract to protect yourself, says Ms. Horwowitz. This article is sponsored by Hongxing Machinery specializing in mining equipment manufacturing such as Raymond mill and impact crusher. There are plenty of online resources and books that can help you create a contract, which you can take to an attorney for final review. Establish daily routines and stick with them. It"s tempting to relax when you don"t have a boss cracking the whip, but it"s even more important to maintain a daily flow. Even if you don"t have many clients, you can productively fill time by searching for new clients, promoting yourself, blogging or being active in professional trade groups. Keep your professional contacts updated about what you"re doing through social media and set up regular lunch or coffee meetings with people to stay in contact in person. Propose collaborations with other freelancers if you feel the need to work on a team. Think twice about taking clients from your former company. Although a non-compete agreement would typically discourage the practice at least on paper the bigger issue is an ethical one, says Lynne Eisaguirre, founder of Workplaces that Work, a Denver-based workplace consulting firm. Taking clients can scuttle your relationship with your former employer, who can be a good source of regular work, and it may also negatively impact your reputation in the industry. "Your reputation is one of the most important things a freelancer can protect," says Ms. Eisaguirre.

by: hxjqyang

POST COMMENT

Make Your Boss Pay Your Fringe Benefit Method Of Handling Problem Co-workers 9650100438 Antriksh Zeal Project Details 9818531133 Antriksh Zeal Project Negative Effect On Weight Losing From Colleagues Enjoying Live Tv On Mobile Phone Choose Best Lawyers For Drug Trafficking In Arizona Monetary Benefit Right At Your Doorstep Make A Difference With Your Special Formal Dress I Need A Loan Today - Sort Out Your Problems By Easy Cash Roger Waters, Still Hungry For More Success Coach Outlet Store Has All Of The Style Series Long Term Benefits Of Heat Reflective Paint Computer Monitoring: Need Of The Hour