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”