What’s your comfort threshold for your savings account when digital nomading as a freelancer?vWhat number do you begin to really stress when it’s below?

  • huggalump@alien.topBEnglish
    1·
    10 months ago

    When I was freelancing, every two weeks id swap from losing sleep because I thought I’d go broke and then losing sleep because I had too much work

      • VixDzn@alien.topBEnglish
        1·
        10 months ago

        Lol as you should be. It’s either or. So you’d always live this, wouldn’t you?

    • newmes@alien.topBEnglish
      1·
      10 months ago

      True. This is because trading your time for money sucks and is difficult.

    • JasonDrifthouse@alien.topBEnglish
      1·
      10 months ago

      I am currently luxuriating in the brief shadow between the files I sent in last night, and the feedback I’ll have to work on tomorrow morning. lol

    • ANL_2017@alien.topBEnglish
      1·
      10 months ago

      Yep. Been a freelancer for 3 years and that’s the freelancer way: “feast or famine.” When it’s going well, I’ve made five figures in one month. When it’s not? I’ve sat on the toilet and cried while envisioning panhandling in Central Park.

      But I try and keep $20k in a high yield savings account for big emergencies and $10k in another savings account that’s easily accessible

      I also have two IRAs I can cash out if shit starts to look REALLY bad. But by that point I’ll just go home.