Personal Finance

Make your time count: Three tips for managing freelance finances

The on-demand economy is booming, driven by ride-sharing, peer-to-peer rental, project-based job platforms and the ease of e-commerce. There are unprecedented income opportunities for freelancers but this work comes with a host of new challenges – many of which are all too familiar for me and my family – like co-mingled and confusing business expenses, quarterly and year-end tax headaches, and a general lack of visibility into your ‘real income’. My brother and uncle are entrepreneurs, and I’ve seen how

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Career and Enterprising

Should I be an employee, a self-employed or an employer?

Many people aspire to be an employer as it entails freedom, independence and wealth. However, the path to entrepreneurship is hardly a bed of roses. In fact, a successful entrepreneur has to possess great fortitude and foresight in order to overcome all the uninvited obstacles coming his/her way. On the contrary, while employees generally do not enjoy as much flexibility as the company owners, they actually face significantly lower (downside) income risks. In addition, employees are often relieved of the heavy emotional and psychological burden that is tied to the

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Career and Enterprising

5 Benefits of Freelancing

Sometimes, stepping out of the cubicle to be a self-determining entrepreneur or a freelance worker gives you the opportunity to find yourself. It may also bring more money in the bank. Nonetheless, it will give you freedom and other self-benefiting outcomes. Here are the 5 Benefits of Freelancing… 1. DOING WHAT YOU LOVE As Confucius once said, “if you enjoy what you do, you’ll never work another day in your life”. It is a sad truth that many people drag

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