Healthy Rich podcast How to create financial stability with inconsistent income
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Mar 13, 2025 Discover how to master your finances with an inconsistent income by exploring personal experiences as a freelance writer. Learn practical strategies to build a financial buffer and smooth out the ups and downs of your earnings. The conversation touches on useful concepts like comfort funds and reverse budgeting, ensuring you can maintain stability even when money feels tight. Packed with actionable tips, it’s a guide for those looking to achieve peace of mind in their financial journey.
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Dana's Inconsistent Income Background
- Dana Miranda, the podcast host, shares her background of inconsistent income as a freelancer and service worker.
- She recounts her experiences as a barista and briefly working in sandwich shops, highlighting the financial challenges of such jobs.
Building a Financial Buffer
- Build a financial buffer to smooth out income fluctuations.
- This can be achieved by saving aggressively or paying yourself less initially.
Separating Finances
- Separate business and personal finances, even without a formal business entity.
- Open separate bank accounts and pay yourself a regular salary.
