Welcome to The Loaf - making money & business more approachable for creatives & freelancers
Money's meant to be a tool.
But we often let it take over our lives.
It's easy to let money become a hidden centerpiece in your life, influencing nearly every decision.
To help with this, I created a set of guidelines for myself.
These rules keep me on track with decision-making and they reduce the amount of time I spend thinking about money overall.
They aren't perfect, but they work well for me:
Rule 1) If it saves time, spend the money
Rule 2) If it creates a memory, spend the money
Rule 3) Maintain a one year cash reserve
Rule 4) Budget & aim for monthly travel
Rule 5) Insure for security, and nothing more
Rule 6) Invest (or save) at least 10% of income
Rule 7) Always tip at least 25% (aim for double)
Rule 8) Reduce friction, stay organized, & simplify where possible
Rule 9) Avoid non-cash flowing debt
Rule 10) No more than two actively used credit cards
Rule 11) One to rock, one to stock
Further reading: How to write your own money rules
Friendly money & business reminders for self-employed creatives
✅ Consolidate financial accounts
✅ Review your personal (and business) website
✍🏼 Why naming a project is so important
🎯 Six systems to build a 7-figure creative business
✍🏼 Freelance Finds: Why you should hire a virtual assistant for your freelance business