In this episode, I cover my own experience of income as a self employed professional and relevant topics.

  1. Set stage of a fulltime income
    1. $100k a year$3,500 every 2 weeks like clock work
    2. Direct deposit into your personal account
  2. Mention Salary vs. Hourly - more on this in a couple of episodes
    1. 15 minutes granularity
      1. Be fair, take turns rounding up/down when you need to
  3. Introduce net 30 and what that means best case scenario
    1. 2 weeks of work
    2. Invoice
    3. 4 weeks until invoice due
    4. Check in the mail
  4. Introduce wild ride of self-employed world (in my experience)
    1. International clients - what do you do?
    2. Credit cards
    3. Paypal
    4. Things to explore in future interviews: new options like vemno
  5. Ways to help prevent wild changes in monthly income
    1. Determine and get payment terms in writing before starting work
    2. Try for payment due upon receipt if you can
    3. Invoice regularly
    4. Direct deposit or money transfer - keep in mind this does cost someone money
    5. 6 months emergency fund