Best financial advice ever given to freelancers
March 10th, 2014 by Bob Bly
McDonald’s came under fire again a few months back for giving
its minimum-wage employees financial advice on how to live more
frugally.
The company’s McResource Line advised Mickey D workers:
“Consider returning some of your unopened purchases that may not
seem as appealing as they did.”
McDonald’s management suggests that their poorly paid wage
slaves “sell some of your unwanted possessions on eBay or
Craigslist to bring in some quick cash.”
MD’s underpaid workers are also advised by management to break
food into pieces, because that often results in eating less and
still feeling full.
Now, this story gives me mixed feelings. And here’s why:
On the one hand, while I am sympathetic to the near
impossibility of getting by when you earn minimum wage, I am not
sure that – as a free market capitalist – I am really in favor
of forcing employers to raise the minimum wage they pay.
My favorite essayist, Barbara Ehrenreich, wrote a moving book
about working for minimum wage, “Nickel and Dimed.”
The liberal media portrays the workers as the victims and the
heroes, and the bosses and business owners as greedy thieves.
But here’s an opposing view: through our risk-taking and hard
work, we entrepreneurs build businesses that provide our
employees and vendors with jobs they need and would otherwise
not have.
If you are being paid too little, rather than picket for a
raise, why not focus on building your skill set to the point
where you add more value to your employer or customer?
If your services then begin to contribute more to the bottom
line, they’ll happily pay you to make them more money. To quote
Sylvester Stallone talking to his son in Rocky Balboa: “Go out
and get what you’re worth.” If you’re not worth that much,
acquire the knowledge and skills that will make you worth what
you want to be paid.
On the other hand, I applaud McDonald’s for the practical advice
they are providing employees to help them manage their household
budgets more effectively.
I wholeheartedly agree that consumers at all income levels buy
too much crap they don’t need. And when you spend more than you
make, as do so many poor and rich people alike, you set yourself
up for financial woes. To quote Robocop: “There will be …
trouble.”
I grew up in the very poor city of Paterson, NJ. When I was 8,
my dad would drive me around town in his 1962 Chevrolet Belair,
a collector’s model of which I display on a shelf in my office
to remind me of him. Even though he is gone now for 17 years, I
still miss him terribly.
When we drove to the poorest sections, packed with unemployed
people lounging on the stoops of decaying multi-family houses in
which they rented dingy apartments, dad told me, “Look at what
you see.” And in front of every poor, run-down house was the
same car: a big, brand-new Cadillac, polished to a fine gleam.
The best piece of financial advice I ever heard is from Florida
freelance writer David Kohn, who on a panel at a writer’s
conference, advised the attendees: “Live below your means.”
When you live below your means, you reduce the pressure to make
a lot of money, and can live comfortably on what you bring home.
You can still own a nice car – in dad’s case, a Chevy instead of
a Caddy – and sleep a lot better at night.
I know several very wealthy men. Two that come to mind are Sy
Sperling, founder of The Hair Club for Men, and former
heavyweight contender Gerry Cooney.
Both men have plenty of money, and both could afford to drive a
Rolls Royce, as Sy pointed out to me. (Cooney was paid $8
million for the Holmes fight alone.)
But Sy drives a Lexus, and Gerry drives an Infinity, albeit a
larger model to accommodate his 6’7″ frame. And they both seem
content and happy with their cars.
I find the trend today of Internet marketers toward ostentatious
displays of wealth with the purchase of Rolls Royces and other
mega-expensive luxury cars to be unfortunate and a bad lesson
for their followers.
Look, these wealthy entrepreneurs are entitled to spend their
wealth the way they want to. But you should not follow their
lead.
I am not as rich as a lot of these guys, but I am a
multi-millionaire … and I drive a 2008 Prius, which I love.
I like the simple advice in the book “The Wealthy Barber,” which
says that when you get money, sock away 10% of it. Then you can
use whatever is left to pay bills, pay for the kids’s tuition,
vacation, own toys, whatever.
This entry was posted on Monday, March 10th, 2014 at 10:48 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
January 31st, 2017 at 7:13 pm
This info ?s worth e?eryone’s attention. ?h?re ?an I
find out more?
January 12th, 2018 at 2:35 am
Freelancers are always under-paid. And that’s because of the “privileges” they have. The first reason is convenience (as they work at home). A lot of essay ninja writers are also freelancers who work from different places (home, cafes, restaurants, parks, etc.).
August 8th, 2018 at 3:54 am
Curious to known about the one of best financial advise as a chief writer of best custom dissertation help online easily to categorizes every views and data in countless ways – by category, by month, year, net profit per months etc.
August 18th, 2018 at 5:01 am
Great One i like this.
August 18th, 2018 at 5:22 am
No doubt best one post abc
October 17th, 2018 at 7:21 am
hello here you get many turkey public holidays things to do and we have USA Public Holidays 2019 calendar lot to do and for that here i federal nsw holidays 2019 caledar also provide you an information grid paper 10×10
November 9th, 2018 at 2:14 pm
Curious to recognized about the only of pleasant monetary endorse as a writer of best dissertation help UK review know without problems to categorizes every perspectives and statistics in countless approaches.
November 15th, 2018 at 7:02 am
Thank you so much for this post, this is exactly what I need. I’ll definitely use these tips to improve my knowledge!
Get Free Technology, Business, Fitness and Education News only on needy news
November 23rd, 2018 at 6:59 pm
Informative
January 23rd, 2019 at 3:17 am
There are many companies that provide financial advice to their workers on how they have to spend and utilize the money they get for their work. Hope the employees follow some of the ideas so that their money is kept safe. loose diamonds
February 13th, 2019 at 3:31 am
Don’t ever give up on your blogs as they are a source of happiness for the people. Keep sharing. Thank you.
run 3
March 20th, 2019 at 5:35 am
Thanks for the informative post it is very helpful really appreciated for the informative write-up.
April 20th, 2019 at 6:54 am
Thanks for sharing this best stuff with us! Keep sharing! I am new in the blog writing. All types of blogs and posts are not helpful for the reader.
April 24th, 2019 at 4:40 am
Great Information,it has lot for stuff which is informative. Keep up the good work! Thank you for this wonderful blog!
July 13th, 2019 at 10:46 pm
Great financial advice to freelancers ebay accounts for sale Thanks for sharing
July 17th, 2019 at 1:52 am
This financial advice is very helpful. Thanks for sharing it.I like the simple advice’s. If you want any healthcare development advice then you should definitely contact to best Healthcare app development company.
December 6th, 2019 at 2:42 am
Thanks a lot for the kind of perfect topic I have not a lot of information about it but I have got an extra unique info in your unique post.
Read Safety Tips When you Working at Heights.
Read Link Resources Blogs
Read article on Why PPE is Required.
December 12th, 2019 at 12:27 am
thanks click here
December 12th, 2019 at 6:50 am
This one of the best pieces of financial advice that ever I had heard. Today many companies are providing finical advice for their employees. hostsailor This would help many of them to utilize their money in effective ways. Hope all of them will follow the advice.
February 12th, 2020 at 6:32 am
Thanks for sharing it.I like the simple advice’s. If you want any healthcare development advice then you should definitely contact to best Healthcare app development company. Click here to visit the website
March 4th, 2020 at 12:56 am
I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up.
March 12th, 2020 at 4:10 am
This financial advice is very helpful. Thanks for sharing this news.
Play Fantasy Cricket And Win Cash Daily
March 17th, 2020 at 6:03 am
Nice blog and absolutely outstanding. You can do something much better but i still say this perfect.Keep trying for the best.paint by number kits
March 24th, 2020 at 11:13 am
Hi, I simply want to tell you that I am new to weblog and definitely liked this blog site. Very likely I’m going to bookmark your blog . You absolutely have wonderful stories. Cheers for sharing with us your blog.christian music radio free online
March 24th, 2020 at 11:14 am
Hi, I simply want to tell you that I am new to weblog and definitely liked this blog site. Very likely I’m going to bookmark your blog . You absolutely have wonderful stories. Cheers for sharing with us your blog.christian music radio free online
March 25th, 2020 at 3:05 am
You yourself have experienced the feeling of being empty, sad or unable to shed tears of anger. Get up strong like water and fire to live your life meaningful. FIREBOY AND WATERGIRL
April 7th, 2020 at 2:28 am
Curious to recognized about the only of pleasant monetary endorse as a writer of best dissertation help UK review know without problems to categorizes every perspectives and statistics in countless approaches. 3pcs bed sheets , light filling comforters , idea bed sheets , fancy bed sheets
April 10th, 2020 at 12:24 am
DSuper11 provides you a most fascinating Fantasy cricket platform where you can Play Fantasy Cricket And Win Cash Daily. DSuper11 came back to make the audience entertained with monetary rewards. By downloading the application you can get ?200 Sign Up bonus and 100% bonus on 1st deposit.
June 2nd, 2020 at 10:40 am
I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. Nice blog and absolutely outstanding. You can do something much better but i still say this perfect.Keep trying for the best.
June 2nd, 2020 at 10:41 am
I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. Nice blog and absolutely outstanding. bluestacks latest version
July 31st, 2020 at 8:57 am
Thanks for sharing the information for us. Here, the author shares some information about best financial advice ever given to freelancers. Freelancers are always under-paid. I need some more information for this topic. cbd supplements online Can nayone please share it in detail?
November 1st, 2020 at 11:14 am
Yeah,
This is true but give it a look at this – Ahref – do girls like to spend more on technology than jewellery
November 28th, 2020 at 7:36 am
Will surely come and visit this blog more often. Thanks for sharing.
January 14th, 2021 at 8:51 am
Olum ile ilgili sozler, olumcul sozler
March 16th, 2021 at 1:43 pm
Nice blog.thanks for sharing ur thoughts.Mo Brings Plenty Vest
June 11th, 2021 at 6:23 am
Home Pug puppies and French Bulldogs make wonderful family pets. They are easygoing and get along well with children and the other pets of the household. Above all, they are our lifestyle.
https://pugslandbreeder.company.com
June 12th, 2021 at 9:33 am
All of dog and puppy., health certificate, genetic health guarantee, and AKC registration papers. All new families are required to sign a contract that includes a basic health guarantee and a 3 year genetic health guarantee. They have been raised in our home around small children, kittens and dogs of every size to help them develop well round personalities accustomed to daily home activates. We encourage families to ask question and to stay in contact with us.
All puppies sold as pets will go home spayed-neutered! We also sell puppies along with breeding right. Note this will include an additional fee.
https://pitbullbreeder.company.com
June 28th, 2021 at 1:39 pm
https://savannahbengal.company.com/
July 12th, 2021 at 5:32 am
This is what i was looking for…Great article to read and share. Check out this one – https://www.worldwideshippingcenter.us/air-cargo/
August 13th, 2021 at 6:53 am
Mind blowing article
September 22nd, 2021 at 4:07 am
Great Job, What a Article.
Amazing -https://www.whatsontheair.com/business/importance-of-cargo-insurance/
October 18th, 2021 at 3:17 am
After reading this article, I must commend the author’s efforts and be grateful for learning about this informative content.
This is an article that I would strongly suggest to my friends. Thank you for sharing such useful information.
Fall guys
November 3rd, 2021 at 3:12 am
Life-changing advice
December 16th, 2021 at 4:30 am
So much for some other instructive sites. I liked this article very much, very good information has been given in it, how can you clean your keyboard easily, I read the whole article how to clean keyboard under keys, I would advise you to read it.
January 17th, 2022 at 5:20 am
By reading the title of the post we can understand that this is an Announcement Blog and there are announcements as well Online Thesis writing services uk
February 10th, 2022 at 9:48 am
Thanks for the blog very informative keep going.
New CPUs
February 16th, 2022 at 6:35 am
I read your article several times since you make so many excellent points. For the most part, your viewpoints are similar to mine. This is excellent material for your readers.
Sell Ps4 Pro
May 9th, 2022 at 6:32 am
Thanks for contact us
June 18th, 2022 at 12:18 am
Nice post. Essay on Adarsh Vidyalaya in Hindi
June 23rd, 2022 at 7:36 am
Real estate Agent In Long Island offers the best services in house selling or buying. Both house selling and buying can be time taking. We strive to save your time and provide the best rates in town. We help you discover beautiful places at the most prime locations. Explore and see to find what we are offering. Here’s how we are working to make our services reliable for everyone.
July 14th, 2022 at 2:50 am
Shop a wide range of women shoes, women heels, women court shoes, women peep toes, women boot, women sport shoes and many more Shoes for women online in Pakistan.
August 17th, 2022 at 2:02 am
The best perfumes for women in Pakistan are offered by Rios Rios wants to satisfy their customers with top notch perfumes for women Their best perfumes for women are perfect for your needs, fulfilling your demands With their perfume for women and related products, Rios is sure to meet all of your requirements
August 24th, 2022 at 5:20 am
This Nose strips have a strong adhesive capacity that helps in removing the top layer of dead skin cells, blackheads, and white heads A Smaller Regular Band Aid is available in customized sizes to adjust at the top of your nose Instantly clean and unclog pores to purify your skin for the deepest clean
September 7th, 2022 at 1:23 am
Rivaj offers the best cosmetics and related products like Maybelline concealer and similar Concealer products So, grab the best concealer today and enjoy Their concealers are truly unbeatable and offer a high degree of satisfaction Rivaj offers the best concealer in Pakistan to their customers every day
September 27th, 2022 at 1:53 am
Ndure has on offer some of the best sale on brands in Pakistan, bringing great affordability to their high quality footwear.
September 29th, 2022 at 10:41 am
The Career Coach is Europe’s top career coaching consultancy – and has helped more than 10,000 people land their dream jobs, all in less than 40 days.
October 24th, 2022 at 2:26 pm
Living in St Charles and looking for Moving Services? Murphy family movers is a reliable brand offering cheap moving services of packing and moving companies St Charles IL. We provide hassle-free office relocation service and Murphys movers are the best family movers in Chicago Illinois. Visit us now.
November 2nd, 2022 at 4:14 am
Many companies that https://chinesebuffetnearmenow.net/
provide financial advice to their workers on how they have to spend and utilize the money they get for their work.
November 8th, 2022 at 6:26 am
Thanks For The Blog Very Nice Keep It Up.
sell iphone xs
November 16th, 2022 at 8:28 am
thanks for the blog nice.
November 17th, 2022 at 8:04 am
website design Dublin offer a complete digital solution for taking your business online. Our Award Winning Agency not only devises strategies for your brand, but we own it like our own.
December 14th, 2022 at 11:22 am
If you’re searching for the best Cannabis store, you’re at the right place! At Royal Leafs grab the solutions now
December 21st, 2022 at 2:24 am
Because you make so many excellent points, I read your essay numerous times. Your views of view are, for the most part, comparable to mine. This is fantastic content for your readers.
December 22nd, 2022 at 10:41 pm
This is very informative and well written content for your article, quality!
January 13th, 2023 at 7:23 am
Business Analyst produces reports that will be presented to Microsoft end-customers, sellers, and partners. You will take data collected from their infrastructure environment to create business analytics and a Cloud Migration Business Case for presentation to the Customer. You will have strong Business Analysis and Power BI capabilities to empower customers to better understand & manage their current infrastructures.
January 25th, 2023 at 3:23 am
Affordable Flights by FlightsnTravel gives you an amazing and relaxing flight to travel all across the globe with your partner or with your family.Then what are you waiting for book your flight and get a chance to travel with US
February 23rd, 2023 at 12:41 am
Thanks for posting this, valuable information. Looking forward to reading more.
March 20th, 2023 at 2:50 am
Buy Perfumes and Fragrances ? Scent Essential is leading Pakistani perfumes brand shop online from theScentEssential.com for better Perfumes and Fragrances experience.? Long Lasting, ? Pure ? Shop Now!
May 2nd, 2023 at 6:23 am
Dpboss
Dpboss Live Result
July 19th, 2023 at 5:27 pm
open this site dnmaccess
July 20th, 2023 at 10:56 pm
Excellent site. Plenty of helpful information here. I am sending it to some buddies ans additionally sharing in delicious.
August 7th, 2023 at 12:27 am
Business Consultancy and Services. Our team is committed to enhancing your company’s revenue and efficiency through comprehensive advisory, strategic planning, and process optimization. Whether you need help with market entry strategies or performance improvement, we’ve got you covered with end-to-end solutions.
August 7th, 2023 at 12:31 am
Trust BSNS Consulting as your reliable Taxation Services Provider. With our in-depth understanding of tax laws and regulations, we ensure accurate and timely tax compliance for your business. Our proactive tax planning approach aims to minimise tax burdens and maximise savings, allowing you to focus on driving your business forward.
August 30th, 2023 at 8:45 am
BSNS Consulting offers cutting-edge Services of Web Development, delivering seamless and visually stunning websites that reflect your brand’s identity. Our skilled web developers combine aesthetics with functionality, creating user-friendly platforms that drive traffic and conversions. Stay ahead in the digital landscape with our customised web development solutions.
September 6th, 2023 at 4:27 am
Explore our delightful collection of pink gifts, perfect for welcoming a baby girl into the world. From pretty dresses and soft blankets to charming toys, our pink-themed selection offers a variety of choices to celebrate the new addition to the family.
October 23rd, 2023 at 6:55 am
A Maniküre Tisch is a manicure table. It’s a dedicated piece of furniture used in beauty salons and nail studios for performing professional manicure services. These tables are designed for the convenience of both the technician and the client.
December 27th, 2023 at 10:27 am
Land assembly Vancouver refers to the process of acquiring multiple adjacent parcels of land with the goal of combining them into a larger, consolidated property. This practice is particularly common in Vancouver due to the city’s limited available land for development and the increasing demand for housing and commercial space.
January 28th, 2024 at 4:09 am
The luxury apartments from the house of Ponmankal builders provide a broad range of conveniences features, including environmental, community, digital, technological, and world-class living facilities at very reasonable prices. Our current and finished projects are of the best quality and are the best apartments in Kottayam.
March 8th, 2024 at 4:52 am
Explore top-notch Friseurmöbel at TipTop-Einrichtung. Our furniture is designed for style and comfort in your salon. From sleek chairs to practical workstations, find everything you need for a modern and welcoming barbershop. Elevate your salon space with TipTop-Einrichtung’s simple yet sophisticated barber furniture solutions.
May 13th, 2024 at 9:26 am
Welcome to Horizon Belmond
At Horizon Belmond, we pride ourselves on offering a range of spacious and beautifully designed apartments that are tailored to suit your needs. Whether you’re in search of a 3bhk, 4bhk, 5bhk, or a penthouse, we have the perfect home for you. Each apartment is meticulously crafted to provide maximum comfort and convenience, ensuring that you feel right at home from the moment you step inside.
Amenities that Enhance Your Living Experience
When you choose to live at Horizon Belmond, you not only gain access to a beautiful home but also a wide range of amenities that are designed to enhance your living experience. Our commitment to providing a luxurious lifestyle is evident in the thoughtfully curated facilities we offer.
Our 2.75 acres of central greens provide a serene environment where you can relax and rejuvenate. Take a leisurely stroll or simply sit back and enjoy the tranquility of nature. For those seeking a more active lifestyle, our swimming pools offer the perfect opportunity to take a refreshing dip or engage in water-based activities.
For fitness enthusiasts, our fully equipped gymnasium is at your disposal. Whether you prefer cardiovascular exercises or strength training, our state-of-the-art equipment will cater to your needs. Stay motivated and achieve your fitness goals in a comfortable and convenient setting.
June 25th, 2024 at 5:51 am
US Customs enforces the timely filing of ISF (Importer Security Filing) which applies to ocean shipments only. The ISF must be filed at least 24 hours prior to lading on a vessel destined to the United States.
November 8th, 2024 at 5:04 am
while skill-building and hard work are powerful, they may not fully address the challenges of income inequality or the immediate needs of low-wage workers.Betbook250 login
November 14th, 2024 at 1:58 am
I loved the examples in this post—they made everything so clear and relatable.
township in gwalior
December 3rd, 2024 at 10:59 pm
The author raises a valid point about financial literacy and living below one’s means. Practical advice like budgeting, saving, and reducing unnecessary expenses applies universally and can significantly improve financial stability. Ekbet9 id