How freelancers can fast track their financial freedom and confidence in 3 months
Inspired by the practical strategies of renowned entrepreneur and financial expert Mark Tilbury, we explore how you could achieve greater financial stability as a freelancer. While there are no overnight miracles, these simple, realistic principles could improve your financial well-being within months
Month 1: Small Steps, Big Impact
Skill Up: You dedicate 30 minutes each day to improving your writing skills. You notice your proposals are more persuasive, leading to a higher project acceptance rate.
“£27 a Day” Mindset: Automating between £10-£27 into your savings account every day should feel manageable. By month’s end, you have a small buffer to cover an unexpected expense, reducing your anxiety. By the end of the year, you will have thousands of pounds in the bank.
Some people may choose to invest a portion of that amount into for example an S&P Index fund to have the opportunity to make gains from the financial markets. Tilbury suggests investing consistently into an Index fund like the S&P to ride the ups and downs of the markets but on average making up to a 12% return on your investment, which could over time become passive income.
Walk the Walk: Daily walks clear your head and boost your mood. Walking those 10,000 steps or walking for 20 minutes each day at a set time (or when the weather allows) starts to do wonders for your health and mind. You find yourself tackling challenges at home and work with renewed energy and creativity.
Month 2: Gradual Growth
Read to Succeed: You finish a book or online course on effective time management. Implementing the strategies helps you complete projects more efficiently, increasing your earning potential. Also, you try time management apps to quickly put habits in action.
Side Hustle Exploration: On top of your existing freelance career, you start researching potential side hustles that align with your interests, skills and free time. You discover an online platform where you can for example sell your design templates, generating a small passive income.
Blue Ocean Glimpse: You notice a growing demand for a specific type of content creation. You start tailoring your portfolio to attract clients in this niche.
Month 3: Increased Stability
Value First: Consistently delivering high-quality work and excellent communication builds trust with your clients. You ensure your clients get a glimpse of your talents and skills by suggesting ways to improve their messaging, effectiveness and growth. You receive positive feedback and a few referrals.
Mastering Finances: You begin using a budgeting app to track your income and expenses. This gives you a clearer understanding of your financial situation and helps you identify areas for improvement.
The Realistic Transformation:
While you might not be financially independent in just three months, you’ll notice a significant shift. You’ll feel more confident, organised, and in control of your finances. Your income and savings may have increased, and you’ll have a better understanding of how to manage it effectively. You’ll have started building multiple income streams and positioning yourself for long-term success.
This is the power of consistent effort and smart habits. By embracing Tilbury’s principles, you can steadily improve your financial situation, reduce stress, and create a more sustainable and fulfilling freelance career. It takes time and dedication, but the rewards are worth it.