Working for yourself is very rewarding, but it’s also quite challenging. Like every job, there are pro’s and con’s, but as you put more time into building your business that you have created, you could see a significant increase in your revenue. Today, WTR welcomes Laura Pennington Briggs of The Freelance Coach, author, freelancer, and speaker. In this podcast, join us as we discuss how to evolve as a business owner and why it’s important to diversify your income.Ingenious tactics to accumulate wealth, for people who see things differently.

Laura Pennington Briggs

Website: http://www.betterbizacademy.com/

Website 2: http://sixfigurewritingsecrets.com/

Website 3: http://www.legalseowriter.com

LinkedIn: http://www.linkedin.com/in/laurapenningtonwrites

Facebook: https://www.facebook.com/laurapenningtoninternational/

Twitter: https://twitter.com/sixfigurewriter

YouTube: https://www.youtube.com/channel/UCGhKNcbq3QWhpgHZV4Y-xPQ

NOTES

• [00:37] Kevin: Laura Briggs is an author, freelancer, and speaker. What we're going to talk about today is the financial impact of working for yourself
• [01:07] Would you mind sharing a little bit about your background and what inspired you to get to where you are today?
• [01:24] Laura: I turned to a side hustle (working as a digital freelance writer)
• [01:30] My business ultimately grew to the point where it was too hard for me to hold down my day job and side hustle. So I moved that side hustle into my full time and that's what I've been doing for the last 6 years
• [02:10] Kevin: What are the pro's and con's about working for yourself other than being hard on yourself since you are your own boss?
• Laura:

1. [02:17] Pro's

• [02:19] Freedom and flexibility
• [02:24] Deciding how you'd like to spend your work hours per week
• [02:33] The potential to make more money
• [02:42] You set your rates and your fees and can add or remove things as it makes sense
• [02:48] More income flexibility
• [02:55] You get to decide who you work with

1. [03:08] Con's

• [03:09] You are your own boss
• [03:12] You have to work many hours especially in the start-up phase
• [03:21] Paying your own taxes
• [03:23] You don't necessarily get that money dropped into your bank account every 2 weeks
• [3:30] Have to account for self-employment tax, Medicare, social security, and income tax
• [03:45] Your business bleeds into every aspect of your life
• [04:02] Because so much of it is in your mind, it's always around (not as easy as a corporate job)
• [04:11] Kevin: What I have found with running WTR is there's a lot of prep work before you actually start the podcast (research and new...