EPISODE · Jun 27, 2023 · 20 MIN
#262: Why $100k Per Year Is The New Minimum Wage For Freelancers
from 6 Figure Creative · host Brian Hood
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
What this episode covers
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
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#262: Why $100k Per Year Is The New Minimum Wage For Freelancers
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