Set Up Taxes & Build Your Runway

[etfs]

Freelance life swings — your finances should be ready:

Separate accounts and automated invoicing: Track deductible expenses and prevent surprise tax bills.

Plan for quarterly payments: Use Form 1040-ES or online payments if you have self-employment or untaxed income.

Build a financial runway: Start with 3–6 months of liquid savings, consider short-term CDs or bond funds for extra yield.

A solid runway lets you navigate volatility and invest in growth confidently.

[alex10]

Planning taxes early helps freelancers avoid last-minute stress and ensures smoother growth.

[kelson10]

Diversification protects freelancers from market shifts and ensures long-term stability.