Today I have something fantastic to announce: the first “S&N (Sarah & Nadine) Financial Independence Series” publication by my sister in planning, Nadine Edwards!
This series is a collaborative effort to help translators and other freelancers escape the fight-or-flight response to money issues by starting conversations and providing tools address our needs. It started with a conversation years ago about my emergency planning posts. Nadine and I both suspected that a lot of freelance translators have trouble with financial planning because it’s so big a topic that it’s easy to get paralyzed with fear. That’s what prompted me to blog about emergency planning… but emergency planning isn’t the whole picture. What do you do between emergencies?
Enter Nadine, who unlike me is a whiz at everyday financial management. Check out her article “S&N Financial Independence Series: Essentials of Short-term Planning” in the latest edition of the JLD Times newsletter! When Nadine first told me about the “pay yourself a salary” system she describes in this article, it blew my mind.
This area of finance is frankly not my strong suit, and I used to become paralyzed thinking about it in the same way that others become paralyzed thinking about emergency planning or retirement.
It quickly became obvious to both of us that neither short-term planning nor emergency planning is the full picture. Our goal, therefore, is to join forces and try to start a movement in the freelance translator community to tackle both our everyday and emergency financial planning, so that we can all enjoy greater financial independence.
We would like to thank the ATA’s Japanese Language Division for their support. I’d also like to apologize that one of the links in this article was broken for about a week; it’s fixed now if it didn’t work for you the first time. You can find Nadine on Twitter as @JPatSpecialist.
What are your biggest financial challenges? Do you have an awesome system you’d like to share? Is there anything you’d like to see us talk about in the future? Comment here or Tweet to us and let us know!