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Freelancing

Five Ways to Kill It as a Freelancer

It used to be that if you described yourself as “freelance,” people didn’t take you seriously. Not anymore. A recent survey by the consulting firm MBO partners estimates that by 2020, at least half of the country’s workforce will have gone...

The Scoop on Home Office Deductions

Ah, that pesky home-office deduction. For those who work from home, it can be a valuable tax break, but it’s also a tricky one—especially if you own your home. Want to check it out? First, let’s see if you’re eligible.You qualify for the deduction...

Document Your Agreements

If I can point to the one thing that probably led to over $1,000,000 worth of mistakes that I've made in my businesses (and I have the debt to prove it), it was that I spent little, if any, time documenting agreements. Documents, records, and...

Saying ‘Yes’ Pays Off

When I moved to Philadelphia a year ago, I was broke—25 years of living in New York, the past five of it as the breadwinner for my family, can do that. Don’t focus on making new friends, I told myself: "Make money" Yet my first move was the...

A Solo 401(k) Is Smarter

When I exited my magazine-editing job a few months ago to start a business as an editorial consultant, I knew the standard advice was to roll over my 401k into an IRA immediately. After talking with a few money-savvy friends, I opted to call...

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