šŸ‘® Arrested & charged

Happy Friday! This is the Freelance Gig, where we share news, tools, tips, and tricks to help grow your freelance business.

Welcome to the 233 subscribers whoā€™ve joined us since the last edition.

Mentioned in todayā€™s email: Telegram, OpenAI, X, McAfee, Tumblr, and worker pay. Plus why ā€œoneā€ is the most dangerous number in business, and the 20 most important U.S. tax benefits & deductions for freelancers.

Read time: 3 minutes and 41 seconds

Together with Found

šŸ¤‘ See why thousands of business owners have used Found

News flash:

If you want freelancing to pay you like a real business, then you need to start treating it like one.

And the first step is taking control of your finances.

Only problem is, most traditional banks have no idea how to serve freelancers and will hit you with hidden fees.

Luckily, thatā€™s where Found comes in.

Theyā€™ve built an easy-to-use banking and bookkeeping app for freelancers.

With Found, you get:

- A free* business checking account & debit Mastercard
- Smart tax tools like auto-saving & real-time tax estimates
- Easy-to-use built-in bookkeeping features.
- Free, fast, and customizable invoicing
- And lots more

Itā€™s free to sign up and only takes minutes.

Thereā€™s no credit check, no minimum balance, and no hidden fees.

So if youā€™re ready to make managing your freelance finances simple and stress-freeā€¦

Then tap below to find out why thousands of small business owners trust Found:

Disclosure: Found is a financial technology company, not a bank. Business banking services are provided by Piermont Bank, Member FDIC. The funds in your account are FDIC-insured up to $250,000 per depositor for each account ownership category. The Found Mastercard Business debit card is issued by Piermont Bank pursuant to a license from Mastercard Inc. and may be used everywhere Mastercard debit cards are accepted.

*Found's core features are free. Found also offers an optional paid product, Found Plus.

Working With Clients

Why ā€œOneā€ is the Most Dangerous Number in Business

One big advantage of freelancing is being able to diversify your income streams.

Thereā€™s a reason they say ā€œoneā€ is the most dangerous number in businessā€¦

Because if you rely exclusively onā€¦

  • One traffic source

  • One ad account

  • Or one client

ā€¦ for all of your income, then youā€™re in a very precarious place.

And it wouldnā€™t take much to knock you off your perch.

Soā€¦

A word to the wise:

Avoid relying on one client for 100% of your income.

Aim to have at least two ā€” this way you have something to fall back on if things go sideways with Client #1.

Plus, as you build your track recordā€¦

The list of clients youā€™ve worked with in the past will growā€¦

Which can also serve as a back-up plan if you need to drum up work.

Making the Rounds

POLL: Do you have a separate bank account for your freelance business?

Login or Subscribe to participate in polls.

Working For Yourself

20 Most Important U.S. Tax Benefits & Deductions For Freelancers

As a freelancer, you may not have a pension or 401kā€¦

But you do get some tax advantages from being able to write stuff off.

And if youā€™re looking to save as much as possible on your tax bill next yearā€¦

Our friends at Upwork have put together an awesome list of 20 things you can and should be expensing in your freelance business.

Click here to check it out:

AI Prompts For Freelancers

Prompt of the Week: The Prompt Generator

This AI prompt is designed to help you come up with a list of prompts to streamline the productivity and efficiency of your freelance business.

Here is the prompt:

I'm a freelance [TYPE OF SERVICE YOU PROVIDE]. I want to optimize the productivity and efficiency of my entire business. Give me 20 different prompts I can give to you to help me accomplish this. These should not be open-ended questions, but prompts to generate specific outputs and assets. Break them down into 4 categories: Marketing, Sales, Finance, and Operations. Be specific and creative.

Sponsored by 1440 Media

Daily News for Curious Minds

ā€œI stopped watching the news, so sick of the bias. Was searching for an alternative that would just tell me WHAT happened, with NO editorializing. I found it. Itā€™s called 1440. It assumes you are smart enough to form your own opinions.ā€

Tool of the Week

The Annoying Truth Most Creatives Wonā€™t Admit

When it comes to generating ideas, your mind is like a pipeline.

You have to make space if you want it to keep flowing.

How do you do that?

By writing all your ideas down as soon as they come to you.

Now pen and paper is one option, of course.

But we prefer Evernote.

Hereā€™s why:

  • It syncs automatically across all devices so you can access your notes anytime, anywhere

  • You can easily copy-paste text, images, and audio

  • Tags and search make organizing and finding your notes easy as pie

  • Plus the Chrome extension lets you clip web pages, making it great for building your swipe file

If youā€™re looking to uplevel your ideation skills, we highly recommend you give it a try.

Bonus Points

šŸ¤“ Work: 5 science-backed ways to boost cognitive performance (link)

šŸ“© Email: The out-of-office reply that says ā€˜stay out of my inboxā€™ (link)

šŸ’Ŗ Success: More followers wonā€™t make you rich, but this will (link)