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#262: Why $100k Per Year Is The New Minimum Wage For Freelancers

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Manage episode 367153917 series 1816805
Content provided by Brian Hood. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brian Hood or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I've been talking to a lot of freelancers recently, and I'm a bit troubled by their underwhelming financial goals. It's not about being greedy, it's about being realistic...

This is why I am presenting a bold idea: $100k should be the new minimum wage for freelancers.

Many freelancers look at $100k as their most ambitious goal, while I look at it as merely the start.

Hear me out.

Gross income as a freelancer is vastly different from a salary in a day job. The reason is simple: expenses. They're part and parcel of being a freelancer, and I'm not just talking about pencils and paper here.

I'm talking about substantial, often overlooked, expenses that can take a big chunk out of your earnings. In this episode, we're going to delve into those figures, so you can gain a clearer understanding of where your money goes, why $100k should be your new minimum goal, and what you should be doing to get yourself there.

The aim of this episode is to challenge your thinking and to help you set yourself up for a better, more stable life as a freelancer.

In this episode you’ll discover:

  • Why your expenses should be factored into your income goals
  • Costs you need to consider off the top of your income
  • Considerations for your pricing
  • When it may be time to shift niches

For full show notes, visit https://6figurecreative.com/262

  continue reading

307 episodes

Artwork
iconShare
 
Manage episode 367153917 series 1816805
Content provided by Brian Hood. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brian Hood or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I've been talking to a lot of freelancers recently, and I'm a bit troubled by their underwhelming financial goals. It's not about being greedy, it's about being realistic...

This is why I am presenting a bold idea: $100k should be the new minimum wage for freelancers.

Many freelancers look at $100k as their most ambitious goal, while I look at it as merely the start.

Hear me out.

Gross income as a freelancer is vastly different from a salary in a day job. The reason is simple: expenses. They're part and parcel of being a freelancer, and I'm not just talking about pencils and paper here.

I'm talking about substantial, often overlooked, expenses that can take a big chunk out of your earnings. In this episode, we're going to delve into those figures, so you can gain a clearer understanding of where your money goes, why $100k should be your new minimum goal, and what you should be doing to get yourself there.

The aim of this episode is to challenge your thinking and to help you set yourself up for a better, more stable life as a freelancer.

In this episode you’ll discover:

  • Why your expenses should be factored into your income goals
  • Costs you need to consider off the top of your income
  • Considerations for your pricing
  • When it may be time to shift niches

For full show notes, visit https://6figurecreative.com/262

  continue reading

307 episodes

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