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For Freelancers Having a Plan B Matters
April 04, 2017

Weekly Newsletter for Freelancers

For Freelancers Having a Plan B Matters.

My wife and I now know the importance of having medical and health insurance in place following a series of operations that would have cost us over $50,000. That was when our Plan B saved us.

It does not matter what type of freelancer that you are, from Graphic Designer,Writer, Social Media Manager, Programmer, App Developer or freelancers whose jobs are evolving - all have one thing in common, they are responsible for success and failure. Smart business people, freelancers are business people, always think ahead and have a Plan B. As the boss of everything a freelancer knows that if they can't work and produce then the income quickly stops.

That is why it is a smart business decision to take advantage of the collective bargaining power of the Freelancers Union when investigating plan B. Jesse Kudler has written an article on this subject that you can read here.

Beyond having a Plan B for yourself and your family it is my intention to look at why freelancers should look at growing a passive income source that can be developed and grown over time so that it will fund Plan B requirements later in life when you really need it.

How Do You Handle Stress When You Are Under The Pressure?

Motivate Yourself!
“Happiness is a choice. You can choose to be happy. There's going to be stress in life, but it's your choice whether you let it affect you or not.” — Valerie Bertinelli

Most freelancers that have a financial goal are addicted towards achieving that goal. Some people might call it being focused and organized, but even the best of organizers can't plan for the unexpected. If you are a freelancer, you can be sure that the unexpected will occur. How to handle these situations can be tricky.

I have found that having a Plan B in your mind is a good approach. It helps me cope with pressure far better than I would otherwise. This can be as simple solution of the breathing exercises and practicing being calm.

Daniel Rutter has written about 5 Simple Strategies To help You Perform Under Pressure in the Addicted 2 Success Blog. You can read Daniel's article here.

Productivity Tip Of The Week

Do You Use Apps to Work Smarter?
Applications or Apps can be extremely useful to make you more efficient. I don't know what I would do without Hootsuite to manage my social media accounts. Hootsuite is a lot more than an App because it is a social media platform from which you can manage a whole series of plugin Apps to help you be more productive. How do you know which ones are the best to use if you are starting out as a freelancer?

One way you can find out what Apps are good for you to use is to search for reviews and articles on the best Apps to help you. Quite often freelancing blogs are a good place to start to find out what you should be using. This is particularly true of freelancing platforms because freelancers are their clients. It is in their best interest to help freelancers who will then be more likely to use their platform and that is how they make money.

Melanie Feltham has written an article for the UpWork Blog about the result of a survey they did of the UpWork Facebook community as to what the app was their favourite and why. I see that my favourite, Hootsuite, got a mention. You can read Melanie's article here.

Work-Life Balance Tip Of The Week

Do You Have A Way To Take A Work-Life Balance Break?
Good work-life balance tips are priceless and timeless for freelancers. If you find a good tip that will help you and resonates well with you and your family keep it and practice it. It is even a good idea to keep an Evernote file, or whatever system you use, to collect life-work balance tips. I do!

One of the most bothering and costly items on your work-life balance list is remaining fit and healthy by getting enough exercise. For me, sitting too long at the computer to meet deadlines is a trap. It usually results in a bad back, which can be very painful and disruptive to workflow.

A bad attack of computer back can result in a trip to a physiotherapist and that costs on three accounts, loss of productive time, paying the Physio's bill and rehabilitation exercises. I have taken up some yoga exercises to prevent the problem plus having regular breaks and using a stand-up desk. I am sure many freelancers will identify with this.

I was looking back at the Freelancers Union Blog posts on the work-life balance unit and I found this one in 2014 by Larissa Pham that has some timeless top tips. You can read Larissa's post here.

Financial Tip Of The Week

Do You Consider Your Freelancing Activities A Small Business?
It is easy not to consider your freelancing activities as a small business, especially when you are starting out "moonlighting" as a freelancer while your 9 to 5 is your main source of income. I initially made that mistake, but I read an article that changed my mind and I backtracked to make sure that I was set up correctly. This involved opening a separate bank account and purchasing an accounting package that ensured that I had a proper profit and loss account and I started to keep the correct records.

Changing your mindset to being a small business owner makes you start to think and do things proactively. This means, for example, when you have a client who wants something done on a tight deadline, but you have to fulfil your obligations as a 9 to 5 employee you think of what you can outsource and still make a profit. You can call it thinking outside the box or thinking like a true small business owner.

Jonathon Long has written a blog post on the FreshBooks Blog about the 12 Big Hurdles A Small Business Owner Faces And How To Get Over Them. Many of his tips are applicable to freelancers because we are businesses. You can read Jonathon's article here.

Freelancers And Cyber Security

We have gained approval from Robert Siciliano to bring you extracts from his books related to cyber security for freelancers. Robert Siciliano is an identity theft expert and consultant. He also gives self defense and personal safety seminars. Robert provides safety and identity theft fraud prevention tips and advice on multimedia channels in the United States. We have his approval to bring you weekly extracts from his books:

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