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How do you deal with income insecurity? (alien.top)

submitted 2 years ago by happycatt31@alien.top to c/entrepreneur@indiehackers.space

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My income varies so wildly that I can earn $15k one month and $1k the next. I have multiple projects and sometimes a product goes viral and does really well.

Due to how my income goes up and down constantly, I generally just feel poor and in constant struggle mode.

The project I'm most passionate about also does the least well financially. I'm not super ambitious, I started my company to try to make a difference. I'm thinking of getting a job again after 8 years of being self-employed.

Anyone relate?

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[–] TheUkraineSupporter@alien.top 1 points 2 years ago

I have been self employed since college, over 30 years now. My occupation is very economically dependent, so I see great years and lousy years.

Currently, I have not worked for just over 12 months. I keep a budget, have no debt, and keep a rather large cash reserve for just these types of markets.

If you plan, you can really enjoy the 'down time'.

Good luck