Continuing the series of republishing the old Art Calendar articles with updated commentary here is the 5th one looking at the power of a wall chart and some things that flow from this. Though I didn’t specifically note it in the original article, leaving it as implied from previous articles, I feel like I should give credit again to the book “Your Money or Your Life” that introduced me to some of these concepts and which goes into further details about them.
Continue reading “AC5 – Wall Charts, Savings Buffers, and Knowing When to Quit the Day Job”Tag: emergency fund
How I get 1000% to 3000% more interest with my emergency fund savings
Being a self employed studio artist as my full-time job is a pretty awesome thing. I feel very blessed to have been able to make this my life! However, there are some challenges involved. One that I learned early on was that my income is just going to be highly variable. Some months hardly any work sells. I think my worst month I had a grand total of $10 in income! Thankfully this is offset by months of monster levels of income way beyond what I ever made when working a normal wage type job. Over the course of a full year things seems to average out and remain fairly constant year to year. However, due to this wide income variability I would be a financial and nervous wreck if I tried living paycheck to paycheck. I’ve found I really have to have a significant stash of liquid funds to ride out the low points with stress free ease.
Continue reading “How I get 1000% to 3000% more interest with my emergency fund savings”