26Jun 2020 by Jasmine

6 Legal Questions All Freelancers Should Ask — Conversation with a Freelance Lawyer

All blog posts, Freelancing, Getting Started
Michael Huseby runs the Freelancer's Lawyer website. He is a corporate attorney who built a freelance writing business while living in Colombia. Now, his mission is to combine his legal knowledge with his freelancing experience to help freelancers protect their rights. A native of the Pacific Northwest, Michael has lived in Washington, California, New York, Colombia, and Belgium. Since he's had experience as both a freelance writer and a freelance lawyer, we've invited him to answer some common basic legal questions you should ask before getting started. About Michael Briefly describe your freelance set up for us. M: Currently, I split my time between being an attorney and a freelance writer. On the writing side, I mostly write for clients in the health, business, and legal industries. I also do…
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24Jun 2020 by Jasmine

The Hidden Expenses of Freelancing — What It Costs to Get Started

Freelancing, Getting Started, Money & Taxes
Moving from a full-time job to freelancing might feel like you’re just switching jobs. But, it’s a bit bigger than that. What you’re really doing is transitioning from an employee to the owner of your own business. Overall, freelancers can make more money and are happier with their lifestyle than they were as full-time employees. However, that freedom comes with a few payoffs. As a business owner, you’ll incur business expenses. Overall That’s where the hidden expenses of freelancing come in. They include expenses that you didn't know about or didn't expect to change. When you learn to think of yourself as a small business owner, then it will be easier to understand when and why you need to invest in your freelance business. If you want to learn more…
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23Jun 2020 by Jasmine

4 Best Ways to Save for Retirement as a Freelancer in 2020

All blog posts, Money & Taxes
When you leave your job to work as a freelancer, you gain a lot of freedom over your time and money. However, one of the main perks of many jobs is the option to contribute to a 401(k) retirement plan.  When you leave a job, you can take what you’ve already contributed to your 401(k). But that doesn’t mean you stop saving for retirement. As a freelancer, your retirement savings are now your full responsibility. The good news is that you have several options to choose from.  We’ll walk you through four different retirement options in this article. Afterward, we’ll show you how to calculate what you need to save based on your retirement goals.  1. Roth or Traditional IRA What is it? IRA stands for Individual Retirement Account. IRAs…
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