Welcome to The Loaf - making money & business more approachable for self-employed creatives & freelancers
Over the years, you've probably heard that it's important to get invested as soon as possible.
I generally support this line of thinking.
However, this week's article breaks down why you shouldn't get started too early.
Premature investing can be just as harmful as high interest debt or careless spending.
It can create unexpected tax liabilities & hurt your investment returns, but it can also affect your mindset and emotions around the stock market.
If you want to read more about investing, psychology, & how to avoid the financial walk of shame, check out the full blog:
Friendly money & business reminders for self-employed creatives
✅ Review (and consider using) your credit card points
Why? It's "free" money and depending on the card, they may expire if the account is inactive/closed
• I recently used all of my earned points to help cover the costs of moving expenses. Over the past year, I built up ~100,000 points on my Chase card, which were worth about $1,000. I hadn't budgeted for moving expenses because everything came together so fast, so I used points to help maintain regular spending
• You may want to keep your points on hand for extra savings, but make sure there aren't expiration dates on earned points. If so, try to use them before they expire. You can pay off regular balances with points at any time - they don't have to be used for special spending.
• I recommend listing out all of your different credit cards so you know what you have and can keep an eye on balances, points, etc.
✍🏼 How to file a tax extension
⚖️ How different creatives balance full-time work w/ part-time creating
🗓 A simple daily creative routine
✍🏼 Freelance Finds: How writers & designers can form a creative partnership
Thanks for reading 🖤