NEW Announcement From My Biz! I'm Sweatin' A Bit! | February 2022 DFM Income Report | Summary and Q&A

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March 16, 2022
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Debt Free Millennials
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NEW Announcement From My Biz! I'm Sweatin' A Bit! | February 2022 DFM Income Report

TL;DR

In February, the creator had lower income compared to the previous month, but celebrated a book deal that will enhance her credibility as a content creator.

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Key Insights

  • 🈷️ Income can vary month to month, and it is essential to plan and adjust expectations accordingly.
  • ℹ️ Diversifying income sources, such as freelancing, digital products, YouTube, and affiliates, can provide stability.
  • 🤝 Investing in professional growth and opportunities, like a book deal, can have long-term benefits for a content creator.
  • 😫 Managing expenses and setting aside funds for taxes are crucial in maintaining financial stability as a self-employed individual.
  • 🤨 Prioritizing personal growth and taking risks, like raising rates and investing in a coworking space, can lead to new opportunities and success.
  • 🤘 While financial goals are essential, other intangible achievements, such as signing a book deal, can define success and enhance a business.
  • 👾 Planning and making space for new opportunities may require adjustments and sacrifices in other areas of the business.

Transcript

kind of having a freak out moment with my income report after i tallied up everything that i made for february i'm sweating just a little bit so we're gonna be talking about how much i made in the month of february stick around hey guys this is justine with debt free millennials the channel to help you crush your debt live payment free maybe start ... Read More

Questions & Answers

Q: Why was the freelancer's income lower in February compared to January?

The freelancer had fewer projects in February, which resulted in a lower income for the month. However, she explains that she intentionally reduced her freelance workload for the following months.

Q: What expenses did the freelancer have in February?

The freelancer's expenses included annual subscriptions, coffee shop workdays, payments to a graphic designer for workbook redesign, and savings for gifts, travel, software, and equipment.

Q: How does the freelancer manage tax payments?

The freelancer sets aside money in a separate savings account to cover tax payments. Every quarter, she pays her quarterly taxes from this account.

Q: What were the wins for the freelancer in February?

The freelancer signed a book deal, which will enhance her credibility as a content creator. She also successfully negotiated higher rates and found a discounted monthly pass at a coworking space to focus on writing her book.

Summary & Key Takeaways

  • Freelancing income was lower than previous month due to fewer projects.

  • Digital products brought in $334, YouTube generated $2,052, and affiliates contributed $875.

  • Total income for February was $6,161, lower than the previous month's $11,000.

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