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Why Your Inconsistent Income Needs Consistent Planning

You may not be life's lottery winner, like a Hollywood celebrity, but you're getting by. As a matter of fact, you thank your lucky stars for the number of clients that are coming your way. You decided to become a freelancer after being part of the rat race for several years. Your ex-colleagues thought that it would be better to stay longer, but you wanted to turn your vocations into steady sources of income. Writing would be one of those trades. You've been in the freelancing business for almost three years, aware that you couldn't put all your eggs in one basket. You tried coding and marketing. You may not have enough funds to buy a house, yet you're thinking of going back to college. It should make your resume more competitive than the other applicants.

There's a slight fear, which you feel from time to time. Can you maintain this kind of lifestyle? You have valid reasons (for this fear), as you've been a working student. Lack of money affected your focus on the coursework. It wouldn't be different from the workplace, so you often prioritize your needs. You wished you could fly to the other side of the Atlantic (Ocean), as Europe seemed like a Disney themed park to art lover and history buffs. (You have been passionate of both subjects at a very young age.) You could only afford to go to Florida, though. You even tried going to the other side of the border. (You never got tired of Niagara.) Traveling is a necessary "luxury" for writers, but you're forced to adopt a practical approach to your situation after your first two years (as a freelancer).

You could dream of being a writer of a hit sitcom, where you would guarantee of a fat paycheck for three seasons at the least. It could make you wealthy for life, but you don't want to spend most of it. Daydreaming wouldn't put an end to your anxiety (or whatever you call it).

Just Do It

You must have a plan to maintain your savings (or wealth). You have been disciplined to make your money, and you have been delighted to exceed your expectations on a number of occasions. It will be gone in a short while if you don't keep a sharp eye on your spending. It means taking sole responsibility for your finances. It might not be wise to ask someone to watch over it unless you have utmost trust. (This rule applies to members of your family as well.) You must also know where you're putting your money into. Don't be dazzled by promises of quick profit. If you've been keeping updated on gossip, then the cautionary tales of some stars should warn you.

You should keep on exploring your other (career) options. This applies to athletes who have to retire from the sports sooner or later. Most of them have been competing for most of their lives, so it would be impossible for them to distance themselves from something they only know. Some ventured into broadcasting while others were content with coaching. Many jobs may not pay much as what they used to get, but it should be better than doing something that they didn't like at all. You might not get a lot of offers (like they do), but it doesn't make you less appealing to recruiters. If you haven't figured it out, they strive to create your own (social media) brand. The like-minded users would be drawn to your accounts sooner or later. You must be clear in your intentions, though. (It could be for fun. It could be collaborations. It might be both.)

Keep in mind of some financial demands (in the immediate future). It could be settling down and becoming a parent. It may be an unexpected (family) tragedy. It would be a natural calamity if you happen to live in the South. This should make you think twice about having two credit cards or more. It also makes you wonder if you haven't left college at all. If you're not careful enough, then you can put too much pressure on yourself (after becoming almost broke). Take it easy on this one. Always be ready for the lean periods.

Questions (and More Questions)

If you've been working steadily for years, then don't be surprised to see your coffer overflowing (or almost). It should tempt you to take a break, treating yourself to a week-long holiday. You're about to see the benefits of being away for longer periods of time until you realize about taking a job out of necessity. It can be a discomfort, but you wouldn't be doing it if you've been thinking about it before making the leap.

Are you spending on one thing at the expense of the other? It could affect your finances, causing soul-crushing problems sooner than you think. If it's not the case of wanting it more than you need it, then the reason(s) might be deeper than you think. Talk out of it if it's possible.

There will be investment opportunities, and you must be a fool for passing it up. Think again. If you can drink it, drive it, eat it or wear it, then wait for the next one.

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