Articles in: 'Money Management'   Remove Filter

Nobody likes writing invoices, but we all like getting paid, don’t we? From web designing to providing digital marketing services, starting up and running a self-owned business requires a fairly in-depth knowledge of the various aspects of working with your […]

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My father was self-employed. As a kid, I remember watching my mother struggle to keep track of all the receipts, invoices, and vendor payments my father had to pay every month to stay in business. She really needed an expense […]

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I want to share a few of the common money and pricing mistakes freelancers do that can sabotage their earning potential. These were things I was doing in my design business and didn’t even realize it. I’m going to show […]

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You perform a service. Then you get paid. That’s the definition of business in a nutshell. But what if your clients take their sweet time when it comes to compensating you? You need cash now. But in this case, your […]

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Net 30 is one of the most common invoicing payment terms used by small, medium, and large businesses. While it is a standard payment practice, it isn’t the same for all size businesses, and this is especially true for freelancers […]

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In 2005 David Choe painted a mural in Facebook’s Palo Alto offices. He was offered $60,000 for the work, or stock in the company. He choose the Facebook stock. Fast forward to 2012 when Facebook went public and the stock […]

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For much of his early career, comedian and former Tonight Show host Jay Leno employed a famously tough-as-nails manager — many called her vicious — named Helen Kushnick. Kushnick negotiated ferociously on behalf of Leno and all of her other […]

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You are doing a great job. Your working hours seem countless. You certainly deserve more money and respect. This is what most of the blog posts you read are telling you, right? Only, they haven’t seen your work. And they don’t have […]

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When we first started Reliable PSD, our web development firm, 3 years ago, we faced many new challenges we’d never experienced before. How do you run a company with employees (we’d never had employees before)? How do you keep your […]

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It’s a pretty common phrase around the freelancing world—“charge what you’re worth.” But I think it’s doing more harm than good. In fact, I think it could be completely killing or holding back some freelancers. I know you mean well. […]

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It’s the holiday season and you’re probably already feeling super-strapped for cash. However, now’s one of the best times of year to make business purchases. The end of the year is one of the best times to make business purchases. […]

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The end of the year always feels a little hectic. With the holidays and potential family obligations, plus trying to wrap up client work and beginning to look ahead to 2016, it can be hard to focus on finishing out […]

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The process of buying a home and taking out a mortgage is already pretty insane when you work a regular 9-5. Unfortunately, the mortgage industry hasn’t quite caught up with the changing face of the workforce and continues to be […]

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Every time the question of “should I charge by project or by the hour” comes up here at Millo, we always advocate for per-project pricing. Why? The short of it is this: when you charge by the project, you guarantee […]

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No matter how new or experienced my creative entrepreneur clients are, one of their top worries is how to manage inconsistent income. It’s easy to find personal finance and business planning tips on how to control your expenses or increase your […]

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Being a freelancer means giving up a lot of immediate wants to keep your business afloat and growing. Things like: a new wardrobe every season, social events that involve eating out or meeting at a bar, or a more desirable […]

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We were at the closing table, finalizing our first home purchase, when we found out. We were doing a complete gut renovation on this house, which means we couldn’t live in it for at least 6 months. Our mortgage lender […]

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If you’re like me, you love to freelance but rely on a separate full-time job for the majority of your income. I’ve been working as an in-house designer for the past several years to pay the bills. Don’t get me […]

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Reader Matthew asks: Between the designer and the client, who pays for what and when? Great question, Matthew! It’s one that many of us stress over, especially because it often feels like a trade-off between simplicity, good customer service, and […]

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Getting paid efficiently and with little effort is imperative to your success as a freelancer. Accepting mobile payments, which allows your clients to pay using credit or debit cards from anywhere, is a simple way to ensure that your clients […]

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It can be expensive to work with an accountant. Do you really need one? And what, beyond filing your tax return, should you use them for? If you’re serious about growing your business, the right accountant can help you make […]

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A few years ago, I made a couple small changes that resulted in a huge positive shift for my business. At the time, I was building this blog and running a freelancing gig. And I was busy. Which meant that some […]

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In many places around the world, tax season has arrived. And you’re probably wondering how to reduce your 2014 tax bill. • • • A note from Preston: I’ve asked Cam from Millo sponsor Bench.co to give us the scoop on which are the best […]

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Cash. Money. Moolah. Coin. Pennies. Dimes. Dosh. Dough… Call it whatever but let’s be honest…it can be the painful, blistering bane of your existence if you’re not careful. How many nights do you lie awake staring at the ceiling stressing […]

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So you want to start a business? Or perhaps you just did? Are you mad? Bonkers? Insane? Lost your marbles? Quick, you still have time! Get outta here!! Run for your life. Run for the hills. Go on, go! Get […]

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Let’s talk turkey for a few minutes. More particularly… cash flow. Icky, dirty, rotten, dreaded cash flow. How’s yours going? Are you making the BIG bucks? Stashing plenty of dosh away each month so you can retire young, travel the […]

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