Financial planning for self-employed individuals

Lens1000

VIP Contributor
It is important to note that as a freelancer or a self-employed individual, there are certain things that you need to put into consideration and you must ensure that you have a consistent income stream as well. Diversifying your client base and also making sure that you are able to set clear payment terms could be one of the way to ensure is steady cash flow for you . I would also stress that you shouldn't forget to budget for taxes as a freelancer or a self-employed individual . Setting aside certain portion of your income as taxes can he one of the way to prevent financial problems.
 
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