Welcome to The Loaf - making money & business more approachable for self-employed creatives & freelancers
The financial life of a creative is more complex than most.
For those who have made creativity a career, you're responsible for two sets of finances - yours and your businesses.
For those starting out, you may be in the "starving" phase of an artist's career.
No matter what phase of the journey you're in, there are timeless lessons & frameworks that everyone can use to help build a solid financial foundation.
This is one of the longer posts I've written in a while, but I hope it serves as a guide and a starting point to helping you make sense of your money.
There are 10 sections in the post ranging from:
• Why tangible financial goals work
• Paying off debt
• How track your net worth
• The basics of estate planning
• What insurances to have
• And more
If you want to read the full post, check out the full blog:
Friendly money & business reminders for self-employed creatives
✅ Create financial folders (for organization)
Why? Endlessly searching for documents that you (might..) need once a year is frustrating. What's more frustrating is not being able to find a necessity, like tax documents or business registrations.
A simple folder system could look like:
• Tax returns (current & past years' docs)
• Insurance policies (car, health, home/renter, disability, etc)
• Profit & loss statements, balance sheets
• All 1099 forms
• Copies of invoices
✅ Keep your portfolio/work updated
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🤌🏼 How writing can help you make better financial decisions
🎥 Watch: How to edit better YouTube videos
✍🏼 Freelance Finds: New "Glassdoor" tool for freelance rates
Thanks for reading 🖤