Tag Archives: Protection

Money Issues of Being Self-Employed

Chinese would usually like to do business or being self-employed. This is because they can set their own schedule and work from home. You will have more opportunities to increase your income and spend more time with the family.

self-employed

However, if you are self-employed then you need to consider more on your financial planning. If without a real financial plan in place, you may face a financial disaster in the near future. Here are some concerns that you should address:

Budgeting

There are certain expenses that you would incur in your daily living. But you need to plan your basic monthly commitment. I started my career as a financial planner and my budget strategy is to take into consideration my monthly expenses. I also look into my day-to-day cash flow to identify other expenses that I may not accounted for. Probably I will start with necessities like utility bills, petrol, food then followed by savings.

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