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Saifullah Usmani
Saifullah Usmani

Posted on • Updated on

How to spend your first freelance income

This is a very easy question to answer, not all of you will agree with it, as it can vary. But if you have a growth mindset you will at least consider my opinion. One thing I want to clear is that this is my opinion.

Let us get started.

You should invest your first (maybe second, third, or a portion from all your incomes) in yourself.

What does it mean?

It means that if you are a developer buy some great courses, if you are into physical objects, buy good tools, buy books or whatever that will increase your knowledge and add value to you. Just empower yourself and more money will come to you just because you deserve it. Remember, knowledge gives you the power and as I increased my knowledge I started charging more and more to my clients. Thus resulting in even more money. I started from $5 just like you are starting now. No difference. This is my personal experience and I think it will add value to you.

Be happy!
See you soon

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Discussion (4)

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ruppysuppy profile image
Tapajyoti Bose

Nice ideology. I took it way further: Investing everything on myself, and allowing myself to splurge using only 20% of what I earn

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saifullahusmani profile image
Saifullah Usmani Author

Sounds perfect!
Invest in soft skills more than hard skills.
From time to time, try to change this ratio to understand how to manage finance and how money works. This way you will be able to generate even more money by investing in other mediums such as stocks, crypto, metaverse etc.
And the percentage you are investing in yourself will become lesser in comparision to what you are earning. But that percentage will be enough. Because a person cannot learn a lot when he is busy, so try to learn how to manage time, money, and other aspects of life. Focus on soft skills more than hard skills.
Hope this gives you even more broader look over this whole concept.

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rajvirsingh1313 profile image
Rajvir Singh • Edited on

It is really good to invest as you suggested, As more early you are in investing the more better it is.

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saifullahusmani profile image
Saifullah Usmani Author

Exactly!