Blog Post
DavidGlow
Community Member
Know your numbers- what you need to live.
Double it.
If you think you can save that before starting, great. If not, do you truly feel you would be able to earn it- consistently.
It's truly a budgeting exercise.
Double it.
If you think you can save that before starting, great. If not, do you truly feel you would be able to earn it- consistently.
It's truly a budgeting exercise.
AshleyChiasson
10 years agoCommunity Member
Yeah - it might seem like a lot, but you really need to be confident in that value you're providing, and understand that you'll need to pay out for certain things that organizations automatically deduct (e.g. taxes :P).
- JackieVanNice10 years agoSuper HeroYes - taxes are huge, and you can add to that the expense of equipment, supplies, services, subscriptions, training, all of our own insurance and benefits, and a whole lot more - all that we pay for out of pocket. The overhead in running your own shop is nothing to sneeze at.
- jeff10 years agoCommunity MemberAaaah yes, Taxes. In the Netherlands I get to cough-up nearly 50% of what I make and hand it over to the government. Getting insured as a freelancer is even more costly for some reason compared to regular folk.
- AshleyChiasson10 years agoCommunity MemberOoof! I thought the 30% I set aside was awful (plus another 15% for harmonized sales tax) :/