Fiverr is a place for freelancers to promote their services. It’s a great way for people to make some extra money in the spare time while gaining some experience in their field. The more a person works, the more money they will accumulate. It’s important to use that money wisely. Here are 5 smart things to do with the money you make on Fiverr.
1. Handle Personal Necessities
While Fiverr should be used as supplemental income instead of your regular income, there are times you will need to use that money toward pressing financial matters. This is especially true if you are behind on bills or run into an emergency at home or a medical emergency. Since freelance work can be unpredictable at times, do your best not to rely on this money to cover your expenses. However, it’s useful to have the money there when you need it.
2. Further Education/Training
Many people hire people based on their level of education and training. You should use the money you earn to advance yourself in these areas. Sign up for classes or workshops in your field. If you already have your degree, consider getting a higher degree. You can also get another degree in a similar topic. For people who don’t have the time to complete an entire degree, you may be able to find a weekend or week long seminar. When completed, you can add this experience to your resume. The more you add to your resume, the higher you can set your rates. You can also try to apply for a Jason Vanclef Scholarship.
3. Save
Most freelancers don’t have a retirement account for when they get older. This is a huge mistake as retirement gets extremely expensive extremely quickly. The best thing you can do with your Fiveer money is save it for the future.
You don’t necessarily need to save it for retirement. You can save it for the next time you need a repair on your car or
4. Invest in the Stock Market
Saving is safe, but you can also make your money work for you by investing in the stock market. Invest in companies to watch your money grow with them. One good investment can help you gain financial security. Of course, there’s also the risk that you could lose absolutely everything. If you do decide to invest, you need to do your research. You should also look for any red flags about the company that can make it a risky investment.
5. Invest in Your Business
Take the money you earn and put it back into your business. Start by getting yourself everything you need to create a good work space at home. You’ll need a good computer and the necessary office supplies to get everything done while keeping yourself organized. You don’t necessarily have to spend a lot, either. Keep the budget low and focus on the essentials.
Once you have a good place to work, it’s time to invest in your business. Create yourself a functional website. You may also want to come up with a unique logo for your business. You should also market your services through ads. Don’t forget business cards for when you meet a potential client in person.
Fiverr is a great way to make some extra cash. When it’s time to withdraw that cash, you need to have a clear plan for the finances. First and foremost, you need to cover the basics. Next, you can start to build your business and your brand. Finally, invest in the future. You’ll be thankful years down the road. Jason Vanclef shows us that it’s possible as long as you put the work into it
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