This episode is a particularly important one because it addresses a topic most freelancers deal with routinely — managing uneven cash flow. My guest, Urban Adams, provides information about that topic and the need to set aside funds for lifestyle planning, paying taxes, and investing for retirement. 

Some of his primary talking points include: 

• Separate business and personal expenses to better manage cash flow.
• Give yourself a salary just as if you are a W2 employee.
• Set aside tax funds in a separate account and pay quarterly to avoid penalties and interest.
• Create a reserve for unexpected expenses and lifestyle planning. 
• Set up a SEP-IRA to invest for retirement.

Connect with Urban via his website and LinkedIn. 

Disclaimer (the legal stuff): Urban Adams is an Investment Advisor Representative with Dynamic Wealth Advisors. All investment advisory services are offered through Dynamic Wealth Advisors. Urban Adams also offers insurance brokering services; this is considered an outside business activity from Dynamic Wealth Advisors and is separate and apart from Mr. Adams’s activities as an investment advisor representative of Dynamic Wealth Advisors.

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