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You should reasonably expect some loss of income stability for at least a year or more, and it will be a business long endeavor to keep that stability. You cou
by ehnto 6y ago
You should reasonably expect some loss of income stability for at least a year or more, and it will be a business long endeavor to keep that stability.
You could take part time contract work with an agency to help smooth the transition and provide a nice baseline. By part time I mean hourly as demanded not whatever your country considers part time hours.
Cut the rigid lifestyle cost as best you can now. You will have a lot of headspace committed to running your business, the last thing you want to be stressing about is half a dozen subscription services monthly payments looming over you. It helps you be resilient to those income instabilities too and less likely to go back to FTE.
It's not so much about being frugal as it is being flexible. When times are good, I eat out, go to shows, buy things I want, and life is good. But when things are lean, I don't want to have to negotiate payment extentions or work around immovable payment dates.