Question about a study on freelance income I found in a library book

I was reading a book called 'The Freelance Economy' at the Denver Public Library last week. It said that over 60% of freelancers have less than three months of savings for slow periods. I always thought most people had a bigger safety net. It made me wonder if we should focus more on saving cash or on getting more clients faster. What's your main strategy for covering dry spells?

2 comments

2 Comments

evan_dixon6710d ago

That stat sounds about right honestly. The main strategy is getting more clients before you need them. Slow periods are a lot less scary with work already lined up.

richard58110d ago

Reminds me of the time I tried that, @evan_dixon67. Ended up with too much lined up and had to turn people away, which felt worse than a slow month.