Life Kit Helpful financial advice for creative types
25 snips
Jan 24, 2023 
Paco de Leon, a financial coach and author of 'Finance for the People: Getting a Grip on Your Finances,' dives into money management tailored for creative professionals. He shares the importance of separating personal and freelance finances to avoid pitfalls. Paco provides practical strategies for tax season preparedness and emphasizes the need for emotional well-being alongside financial stability. He encourages open discussions about finances in creative fields and highlights the value of community support and outsourcing to thrive.
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Weekly Finance Time
- Schedule weekly finance time, even if only 20 minutes.
- Treat this time as sacred; don't let anything interrupt it.
Separate Finances
- Separate business and personal finances using different bank accounts.
- This simplifies taxes and provides a clearer view of your business's financial health.
Tax Savings Account
- Create a separate tax savings account and save 10-30% of your earnings.
- This prepares you for tax season and potential future investments.
