The Gig Economy and Financial Stability: What You Need to Know

1. Understand your income: Know how much you can expect to make in the gig economy and plan accordingly. 2. Track your expenses: Keep track of your expenses to manage your cash flow effectively. 3. Set aside money for taxes: Self-employed workers are responsible for paying their own taxes, so plan accordingly. 4. Build an emergency fund: Set aside money for unexpected expenses or emergencies. 5. Plan for retirement: Consider opening an IRA or other retirement account to save for the future. 6. Get insurance: Make sure you have adequate insurance coverage to protect yourself and your assets. 7. Diversify your income: Consider multiple streams of income to increase financial stability. 8.