🔵How to manage finances as a freelancer: Figure out how much to pay yourself #Freelancetips
As a freelancer, it’s important to separate personal and business finances. Not all the money you earn is truly yours due to taxes and expenses.
Understand these key terms:
• Gross profit = Revenue minus direct service costs. • Net income = Revenue minus all operating expenses — this is the amount you can pay yourself.
Use your income history to estimate average net income and determine a safe, sustainable amount to pay yourself. This helps you set income goals and plan for savings or reinvestment.
🔵How to manage finances as a freelancer: Figure out how much to pay yourself #Freelancetips
As a freelancer, it’s important to separate personal and business finances. Not all the money you earn is truly yours due to taxes and expenses.
Understand these key terms:
• Gross profit = Revenue minus direct service costs. • Net income = Revenue minus all operating expenses — this is the amount you can pay yourself.
Use your income history to estimate average net income and determine a safe, sustainable amount to pay yourself. This helps you set income goals and plan for savings or reinvestment.
The global forecast for the Asian markets is murky following recent volatility, with crude oil prices providing support in what has been an otherwise tough month. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference.The TSE finished modestly lower on Friday following losses from the financial shares and property stocks.For the day, the index sank 15.09 points or 0.49 percent to finish at 3,061.35 after trading between 3,057.84 and 3,089.78. Volume was 1.39 billion shares worth 1.30 billion Singapore dollars. There were 285 decliners and 184 gainers.
How Does Bitcoin Mining Work?
Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.
