¿Qué haces si eres un profesional autónomo que tiene dificultades para gestionar sus finanzas?

Penny saved is penny earned. Focus should be on Tax planning, effective cash flow management and leveraging current assets including long term contracts.

Show drafts Freelancing offers freedom, but financial management can be tricky. Budgeting apps can be your saving grace, helping you track income and expenses. Separate business accounts keep things clear for tax season and overall financial health. Instead of dipping into your entire income, set a regular "owner's draw" to mimic a salary and manage personal finances predictably. Remember, income might fluctuate. Embrace the "feast or famine" approach - save during high-earning months to create a buffer for slower periods. Don't forget about taxes! Unlike salaried employees, you're responsible for estimated quarterly payments. Talking to a financial advisor can be a smart move

Registre todas as suas receitas e despesas, sem exceção, para obter uma visão precisa do seu fluxo de caixa. Organize seus gastos em categorias relevantes para facilitar a análise e identificação de áreas de economia. Revise seus registros regularmente para avaliar seu progresso e fazer ajustes em seu plano financeiro, se necessário.

1. Update your family members of the financial stress and discuss with them the measures to be implemented. 2. Stop Life Style Expenses. Follow sustainable living. 3. Follow Specialization. By specializing in a particular niche or expertise, you can position yourself as an expert in that area. Clients are often willing to pay a premium for specialized knowledge and skills, leading to higher earnings potential. 4. Follow 8+8+8 hours rule. Your good mental and physical health would increase your productivity. 5. Invest in yourself. By continuously learning and staying updated you become more marketable in your field. There can be other measures like Staff Training, Branding... to improve your earnings and reduce your financial stress.

Separate Personal and Business Finances: Open separate bank accounts Avoid mixing personal and business expenses to maintain clarity and simplify tax reporting. Create a Budget: Develop a budget that outlines your expected income, expenses, and savings goals. Identify fixed expenses (e.g., rent, utilities) Track Income and Expenses: Keep detailed records of your income and expenses to monitor cash flow and identify areas for cost. Manage Debt Wisely: Minimize debt and manage existing debt responsibly to avoid financial strain. Prioritize paying off high-interest debt, such as credit card balances or loans.

Defina metas financeiras e crie um plano para alcançá-las. Mantenha seus registros financeiros atualizados e organizados. Siga seu plano financeiro e evite gastos excessivos.

Ensure personal and business finances are kept separate. This simplifies bookkeeping and provides a clearer view of business performance.

In managing finances as a self-employed professional, one invaluable step is to consider hiring a bookkeeper. A bookkeeper can significantly reduce the burden of managing day-to-day financial tasks such as handling accounts, preparing invoices, and ensuring taxes are accurately calculated and filed on time. This not only helps in maintaining financial order and compliance but also allows you to focus more on growing your business and less on the intricacies of financial management. Additionally, a bookkeeper can provide critical financial insights and forecasting, enabling you to make more informed decisions about your business's future. This investment can pay dividends in both peace of mind and financial success.

I agree with most of the sentiments that have been shared by the other contributors. However I would like to point any freelancer to the wonderful work by Robert Kawasaki. Not Rich "Dad Poor Dad" but rather "The Four Quadrant Strategy". This later book clearly outlines what it takes to move from being an employee, to a freelancer, to a business owner, and finally to an investor. To answer the question more directly, if you're having trouble managing your finances that's because you're still in the first two quadrants wherein your income is directly determined by the amount of hours you put in however should you move into the business and investor quadrants then the system or the money works for you. Check out his work for more insights

Adapte seu orçamento às flutuações de renda, definindo prioridades e metas realistas. Crie um colchão financeiro para enfrentar períodos de baixa renda com tranquilidade. Explore diferentes oportunidades para aumentar a estabilidade financeira. Acompanhe seus gastos e receitas para identificar áreas de otimização.

It's important to handle the ups and downs of money when you work for yourself. When you make more or less money, you should change how much you spend and how you earn. In good months, don't spend too much and focus on paying off debts, saving for taxes and emergencies, or investing in your business. In tough months, spend less on fun things like going out to eat. Try to find ways to make more money too, like charging more for your work, finding new customers, or offering more services. Doing this helps keep your money situation steady and sets you up for success in the long run. Good luck!

This is hard for anyone that has never budgeted, but living within your means starts with understanding what that is. So first step is have a clear idea of your fixed versus fluctuating expenses, your income on a monthly basis (plan for the worst and hope for the best), along with your needs versus wants. It is extremely hard to adjust down so it’s always better to only adjust upwards if you see that you can sustain the income increase you may see in one month. As a rule paying off debts come first, then savings, then investing, and then all the niceties.

I cannot stress enough the importance of keeping disciplined. When you don't generate the income you were expecting you have to make sure everything keeps moving forward somehow. There are some bills that cannot wait, but there are some expenses you don't need at that particular moment in time and should wait. Don't over expend thinking "I will make enough next month", you don't know if that will be the case. It's better to be safe than sorry.

Assess all expenditures: - do I need to drive to work as opposed to taking the train. - bring lunch to work as opposed to buying lunch or ordering delivery - cut back on "entertainment dining." You can close the deal without showering your prospects with food and wine. Give a Starbucks card instead and meet for coffee

Never mix investment with Insurance. and don't forget about your money.. There are people who forget about their money! Right! They forget! You won't believe how much unaccounted money is there in accounts about which people simply forgot! In December 2021, Indian Finance Minister informed the parliament that a total amount of over ₹ 51,500 crores (> 6.5 Billion USD) was lying unclaimed with financial institutions like banks, insurance companies and mutual funds in the country. Can you believe that? This is really surprising that on the one hand, people want to get rich and on the other, they don't even care properly about what they have. Reallocate money between various instruments available to you to maximise returns.

Concordo totalmente. Planejar a aposentadoria e adquirir seguros são aspectos importantes da responsabilidade financeira, especialmente para autônomos. Começar a poupar para a aposentadoria o mais cedo possível e garantir uma cobertura de seguro adequada pode proporcionar tranquilidade e segurança financeira no longo prazo.

Definitivamente como profesional debe plantearse la elección de un plan de ahorro y jubilación debido a que al menos para de los ingresos estarán garantizados con este instrumento financiero.! Cuando los profesionales tienen dificultades para llevar sus finanzas deben apalancarse en mecanismos de ahorro que los obliguen de alguna manera a reservar un % y no gastarlo de esta manera evitarán gastos incontrolables en su día a día .!

If possible, provide part of the pension plan and minimum insurance through one of your regular customers. Otherwise, you should use a medium-term retirement plan and personal insurance. Use life insurance that pays a permanent bonus at the end.

Plan for the Future: Start saving for retirement. Explore self-employed retirement plans like SEP IRAs, Solo 401(k)s, and SIMPLE IRAs.

You have to know your numbers. How much must you earn to survive? What's the number you need to thrive? What's realistic in your "sales" process to increase income? What can you cut in your costs / expenses, when you are waiting for $$. Define your budget and your financial goals, but don't just set it and forget it. Review your numbers, at the very least, monthly - even if you don't like what they are telling you. Knowledge is power. Make adjustments. Understand the levers you can pull to increase revenue, and then take purposeful action. Define your day's activities to align with your financial goals and budget. Determine what's working, what's not...and adjust, as needed. The numbers tell a story...listen!

Plan ahead, keep your budget in check, do your reconciliations every month like a clock work. That will give you a better picture of what's going on and will provide you with more data to fine tune and confirm if you need to adjust accordingly. Make an "appointment with yourself" every month to see what can be improved and what was done according to plan, every little piece of information is very important in the long run.

Increase your income Look for opportunities to increase your income, such as taking on additional clients, raising your rates, or diversifying your services. Consider developing passive income streams or exploring new markets to expand your business.

Have or consult with professionals in finance industry. You also need to learn how to manage and read financial reports from a managerial perspective.

Read the book Profit First it helped me build and understand how to manage finance of a business not just my personal finances. It’s simple and easy to understand and I’ve been using it since day one.

If I'm a self-employed professional struggling with finances, I'd review my income, expenses, debts, and savings to understand my financial status. I'd develop a budget, cut back on unnecessary spending, and explore ways to increase income. Setting financial goals, saving for taxes, and seeking professional help are crucial. Keeping organized records ensures accuracy. These steps can help manage finances effectively and reduce stress.

First, invest in financial literacy. Talk to people around you, and seek advice from your connections in the areas they master. Listen to Podcasts, read books, and seek YouTube content on financial literacy targeted at entrepreneurs. Track expenses; cut unnecessary costs and caprices; review your App subscriptions; pay yourself first; when possible, create an emergency fund; invest in your health (sickness is costly!); plan for your wealthy/healthy longevity; surround yourself with forward-thinking people.

Managing finances as a self-employed professional can be challenging, but with a strategic approach, it's entirely possible to maintain financial health and prepare for the future. starting with a clear understanding of your financial situation by tracking income and expenses is typically the most immediate and impactful action. It lays the groundwork for effective financial management and planning. However, integrating strategies into a comprehensive financial plan will offer the best path toward financial stability and growth as a self-employed professional.

Plan a major disruption, create or join a union of self-employed people. Blame the government for providing billions in subsidies to mega corps while taxing the weak down to the bone. Also, grow your own food.