How To Protect Your Income When You Are Self Employed.

tea, #30daysofgratitude , 30 days of gratitudeIf the Covid pandemic has taught us anything it’s that anything can happen. No matter how hard we work something can blindside us and affect our business. When you are self employed you have to be extra cautious and have plans in place.

For all of the benefits of self employment: flexibility, the ability to work anywhere, and being your own boss; there are the things that make being self employed tough: no holiday pay, sick pay or pension. It is important to protect your income when you never know when the next pay check is coming from. Here are some tips for income protection, which is something everybody needs.

The first thing you can do is get some income protection. Income protection pays out a percentage of your salary if you’re signed off of work through illness or injury. It’s one of the least bought types of protection in the U.K, despite being a perfect choice for literally anyone earning – whether they’re self employed or work for someone else, have a family or live alone. It can really help if something unexpected happens.

Other than getting insurance to protect your income you can also make sure you have a buffer of savings. It is important to have at least three months savings to protect you if your income dries up. When you are self employed it can take people months to pay you, and your income can dry up for a few months. Save a percentage of your income every month. Then you will not have to panic if work slows down.

Being self employed is a fantastic thing but it can have its drawbacks. Make sure you are protected if things go wrong.

Collaborative post with our brand partner.

 

MumsThread: On The Importance of Work When You Become a Mother

working mothers, working mum, freelance, self employed, mothers, mumsthread, babies, feminism, sexism,  Out of all of the truisms, few are more true as when you choose a job, you choose a lifestyle. This was never more true when I first became an actor many moons ago (at one point I had three survival jobs. A day one, an evening one and a weekend one), or when I had a corporate job that paid absurdly well, but made me unhappy because it felt like my creative soul was dying.

Now I have a child lifestyle is important. I have been self employed and freelance for about six years now. And it is wonderful and awful, easy and hard. The truth is: I have worked harder and had tougher work conditions as my own boss than in any other. Frequently not allowing myself breaks, chaining myself to my desk as I just churn the work out. But having my son last year resulted in changes. Mostly because I fell head over heels in love with him, and I will never be the same again. It has required sacrifices, and sometimes those sacrifices are that I get barely any work done at all. Those days are the toughest. I have turned down a lot of great opportunities and my acting career is on the back burner, but I know that the privilege of seeing my son grow up is bigger than anything else. It was always important to me that my son was raised by at least one of his parents. It’s not a judgment call, all power to nannies and nurseries. In fact, I wish I could afford a live-in nanny, or a night nanny. Oh what heaven that would be.

But what I didn’t bargain on was how much I love working. Even the worst job I had brought something good with it: money, a reason to get out of bed, meeting people, a sense of worth. I am not saying I want to go back to those awful jobs, but work gives you identity and freedom. It means you are contributing to society. All of these are things that are very important. Even more so when you have a child and otherwise you just feel like someone’s mother and someone’s wife. I am not slamming being a housewife. It is as valid a choice as any. But I know myself, I need to work, and times where I can’t fit my work in due to childcare/a sick child/ a problem with the flat leaves me with a void. I also believe that a woman needs something for herself, even if it is just a hobby. Women tend to sacrifice themselves and it is unhealthy. Not just for the mother, but all the family. I would love to share childcare 50/50 with my husband, but he works in finance and that is just not possible. So some days I will write an article on my iPhone in the playpen with the baby, I will work on my book as much as possible when the baby finally naps. It has taught me to work smarter, not harder. To be quicker. But the thing having a child has most taught me is quality of life. I no longer chain myself to my desk. I say no to things. Because I have something which gives me more joy than anything else: my son’s face. Even on my hardest day he gives me joy. He has taught me that life is more important than work. I would constantly burn myself out before he came along, now I know that I just have to do what I can and that I am enough. I should be proud of my achievements. On the flip side, I got irritated when a lot of people asked if I would still work after I had a baby, and when I see an article on “selfish” mothers going out to work. I mean, God forbid a women wants to have a career and professional fulfilment. Y’now, like men get to do. No one ever asked a man how he juggles work with having children. The other thing is money: how many households can really survive on one income?

Many women do not get to see their babies grow up. They have to go out and work. I can earn a living as a freelancer and that is a huge achievement. I know I have the best of both worlds, even if I have to bribe the baby with Disney cartoons while I work. It was Sheryl Sandberg who said there is no such thing as work/life balance. There is just life and work and there is no balance. She is a wise woman. As long as I am kind to myself and get everything done eventually I feel like the luckiest woman in the world.

 

The Ultimate Guide To Becoming a Successful Blogger by Catherine Balavage Reviewed By Margaret Graham

how to be a successful blogger, blogging, writing, working from home, Catherine Balavage, freelancing, money from writing, business, Catherine Balavage, Margaret Graham, Crikey- is it me, or is running a blog harder than it looks? by Margaret Graham

Read the: The Ultimate Guide To Becoming a Successful Blogger by Catherine Balavage and cut out the stress.

Catherine is the owner and editor of Frost Magazine, and I am her contributing editor. Working on a blog, or online magazine as I think of Frost, was a new addition for me, because my main thrust is as a bestselling author for Random House Publishers. (Arrow).

As the weeks, months, and soon – years –go by, I have learned a great deal from, and about, this extraordinarily generous and accomplished young woman. Not least is her amazing energy, not to mention her attention to detail. What’s more, she’s so polite, acknowledging and appreciating her writers for their submissions, whilst not taking her eye off the ball for a moment.

For a Luddite like me, The Ultimate Guide to Becoming a Successful Blogger has been an eye-opener. It shows just how absolutely crucial it is to keep that eye glued on the ball, and includes numerous tips which would require a great deal of time and research to unearth on one’s own.

It’s a fascinating insight into just how much hard work and dedication, constant attention, and nurturing is needed. It put me in mind of running an enormous allotment, or nurturing a baby, or indeed a puppy – said from the heart as I introduce into the house a pal for Rosie our cockerpoo. None of these can be left for many minutes before things start to fall apart.

This book starts with basics, such as design, name and the benefits of blogging, through to the all important revenue streams, and how to determine what readers want, and so on.  It’s all here, accessible and essential, and written in Catherine’s unmistakable brisk but friendly style we have come to know so well. Just take your time, and let the expert take you by the hand, and save you zillions of hours of stop and start mistakes.

 

Bravo, a book that needed writing, a book about to take off into bestsellerdom.

The Ultimate Guide To Becoming a Successful Blogger is available here.