Update: This is free now, download at
Many years ago I was a burgeoning web designer with my sights set on freelancing full-time. However, I had no idea how much money I needed to make to match the equivalent of my full-time job. I knew it was more, but how much more? There were other unknowns too, like how much was I going to need to save for taxes, or how did I even pay taxes? I went to a “how to start your own business” seminar and read a lot of blog posts.
But confusion still reigned; all I really wanted to see was how much other people made and spent — I just wanted a reference point.
Now, I have the reference point and I put in a book.
ABOUT THE BOOK
Full-time Freelancer is a comprehensive look at my finances as a full-time freelancer in 2010 & 2011. I cover the total expenses for each year as well as the total revenue.
I wrote this book as a guide for those who are thinking about going out on their own but are unsure of how much money you need to make to support yourself (and a family), what paying your own taxes looks like, paying yourself a salary, and other aspects related to running your own business.
With purchase you receive a professionally designed PDF along with .mobi (Kindle) and ePub (iBooks) files.
The book gives you a firsthand look at what kind of finances are involved if you want to make the jump to freelancing full-time and still be able to support yourself and a family.
The expenses are classified into 19 categories: Bills, Salary, Taxes, Distribution, Accounting, Hardware, Software, Trade Assets, Professional Development, Contractors, Commission, Travel, Food, Coffee, Tithes, Donations, Misc., Advertising, Investment.
I give context for each expense category before jumping into the numbers. Revenue is divided into three categories nominally, but the vast majority of revenue came through client services.
The financial numbers are presented in easy to read tables. The overall revenue and expenses are summarized annually in two separate tables (one for 2010 & one for 2011). A graph of the monthly expenses and revenue is shown too. For each year there is also a table that gives the specific monthly numbers for the revenue and the expense categories of Bills, Salary, Taxes, and Distribution.
The book is nine chapters. View a sample chapter here (PDF).
ABOUT THE AUTHOR
My name is David Yeiser. I am a freelance designer and developer. I’ve worked with many different companies and individuals, bootstrapped a startup, worked at a startup, worked for agencies and as part of in-house creative teams. But what I love most is being an independent worker. For two of the years that I freelanced full-time I have collected ALL of my expenses and ALL of my revenue and presented them in this book.
I live in the United States in the State (or Commonwealth if you must) of Kentucky, so some of what I discuss, especially related to taxes, is obviously specific to the U.S. Furthermore, some of the things in the book are related to the way I structured my business. However, I state clearly in the book when something is situational, and you’ll come across my oft repeated advice to find an accountant to help you navigate tax law and business structures.
I’m always happy to hear feedback on the book, email me at email@example.com.