What To Do To Start Freelancing, Earning Multiple Streams Of Income | #AskPhilip
June 25, 2021
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as posted by the channelWant to make money as a freelancer, but don’t know where to begin? Wanting to earn multiple streams of income but need more advice? We’ve got that for you and more in Slidin’ In The DMs AKA #AskPhilip!
#AskPhilip is our weekly segment where our entrepreneur and real estate expert Philip Michael answers your questions on entrepreneur advice, freelancing, real estate investing, and everything in between.
Should I Start An LLC As A Freelancer?
If you’re already a freelancer, having an LLC (limited liability company) is essential. If you’re thinking about freelancing, and asking yourself “Should I start an LLC?” The answer is yes! This should be one of the first things that you do. Just make sure you look at the market and see if you think your business will be successful so you don’t spend on an LLC you won’t use.
Should I Try Day Trading For Passive Income?
We know that it’s said how wealthy people all have multiple streams of income, and passive income is almost always one of those multiple streams of income. Day trading is inherently volatile, and in order to be successful you have to immerse yourself in it. So, it might not even be possible for day trading to be passive income. However, you can make passive income from stocks but without the stress of day trading.
My First Property - What Costs Should I Know About
When buying a property you will come to closing costs. What are closing costs? Closing costs go to lawyers, agents, multiple different people who are party of the puzzle when buying your first property.
These can seem intimidating, but they’re totally normal and there are plenty of ways to keep closing costs under control.
Want to move forward with freelancing, but don’t know where to begin? Looking for entrepreneur advice? Slide into Philip’s DMs or reach out to us on any social media platform and use the hashtag #AskPhilip.
Your questions just might get answered on the air!
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