It took me ten years to figure out that recurring income was the key to sustaining a living as a freelancer.
You see, I was making a living already. A very good one, in fact, more than most top editors in my city did. I had written for The New York Times, TIME, ABC News, CNN, The Independent, Global Post, Ms., and The Christian Science Monitor as well as women’s magazines such as Vogue, Elle, Glamour, Cosmopolitan, and Marie Claire. I’d lived and worked in four different continents and several different countries. I’d won awards, including a Development Journalist of the Year award, and my work had been featured in several books. I’d been a Visiting Scholar at the University of California, Berkeley, and had won a fellowship in Accra, Ghana.
To outsiders, my freelance writing career was a success. I had achieved what most writers set out to do. I had found my calling and I had, by all measures, done well at it.
But my cash flow was crap. There were weeks when I didn’t get paid and days where I got paid for three months of work all at once. I didn’t know what I was going to be bringing in three to six months down the line and that made it very difficult once I had a child and my husband quit his job to freelance as well. Eleven years after I started making good money as a freelancer, with journalism rates going belly up and cash flow still being ad hoc, it was becoming increasingly difficult to sustain it.
How I fixed this situation, created recurring and passive income, and not only sustained my income, but increased it is at the core of my book The Freelance Writer’s Guide to Making $1,000 More a Month. Because when you learn how to add $1k a month easily and effortlessly to your income without doing any additional work, you can keep doing so until you’re at a point where your day-to-day survival is no longer dependent on clients giving you more work.
All that and more in The Freelance Writer’s Guide to Making $1,000 More a Month.
Grab a copy here: