Lifestyle
Why You Need a Nest Egg Before Becoming a Full-Time Freelancer
Working as a full-time freelancer is a freeing experience. There’s no one to tell you what to do when to work, or what projects to take. You get the opportunity to set your own rules and chase your passions. Once you get the hang of this lifestyle, it’s a rewarding experience. However, as with anything in life, being a full-time freelancer has its challenges. One of the most significant is finances.
You may have heard stories about freelancers that were able to supplement their income and lead decent lives. Though it’s a lot easier to be successful these days, the reality is that it doesn’t happen overnight. If you don’t have a financial cushion, things could get pretty stressful. Continue reading to learn more.
You’ve Got Bills To Pay
Before deciding to quit your job to be a full-time freelancer, consider your finances. You still have to cover the costs of living. Without a stable income to rely on, this could be challenging at times. As you’ll soon find out, freelancers don’t get a regular paycheck. If you can’t cover your bills, your passion ends up becoming a chore as you take on any assignment to stay afloat.
The Pay Isn’t Consistent
As stated previously, a freelancer doesn’t get regular paychecks. Sure, you can secure clients who pay you weekly or monthly, but it can take months or even years before you generate enough clients to acquire a stable income. Unfortunately, some freelancers run into clients that request work and don’t even pay for it. Since you can’t bank on a paycheck, you need a nest egg to dip into when funds are short.
There Are Associated Costs
Whether you decide to start a blog or sell beauty products online, there are associated costs with running a business. As the owner, you’re responsible for everything from internet services and website maintenance to marketing and production costs. You’ll also have to cover other expenses like a business, health, and life insurance premium. Until your business is generating enough revenue, you may need to use funds from your nest egg to cover these costs.
Slow Periods
You’ll soon learn that there are periods when business is booming and times when things are slow. Perhaps you offer seasonal products and services, or something has impacted the economy, causing clients to scale back. Whatever the case is, going weeks or months without income is rough. Having a cushion, however, could help tide you over until things pick back up.
Things Happen
As much as you try and plan and prepare for unforeseen circumstances, sometimes things just happen. Something could happen with your personal or professional life that requires a large sum of money to resolve at a moment’s notice. You might need a home or car repair. You could face a slow period or have a client that doesn’t pay your fee. If this happens, you need to be able to bounce back quickly. A nest egg could cover these costs and avoid the need to go into debt.
Peace Of Mind
Being a freelancer comes with a lot of ups and downs. Wouldn’t it be nice to know that when things are rough, you have the means to survive? The best way to do this is to have a nest egg. It gives you peace of mind in the midst of a storm allowing you to get back on your feet without the added stress.
Working as a freelancer isn’t for everyone. For those who wish to pursue and succeed in this line of work, you must prepare. Though there’s a lot of advice that can make your experience easier, one of the most significant things you can do is create a nest egg before taking a leap of faith. A financial cushion ensures you can handle everything from household bills to unforeseen circumstances while continuing to do what you love.
Lifestyle
Wanda Knight on Blending Culture, Style, and Leadership Through Travel
The best lessons in leadership do not always come from a classroom or a boardroom. Sometimes they come from a crowded market in a foreign city, a train ride through unfamiliar landscapes, or a quiet conversation with someone whose life looks very different from your own.
Wanda Knight has built her career in enterprise sales and leadership for more than three decades, working with some of the world’s largest companies and guiding teams through constant change. But ask her what shaped her most, and she will point not just to her professional milestones but to the way travel has expanded her perspective. With 38 countries visited and more on the horizon, her worldview has been formed as much by her passport as by her resume.
Travel entered her life early. Her parents valued exploration, and before she began college, she had already lived in Italy. That experience, stepping into a different culture at such a young age, left a lasting impression. It showed her that the world was much bigger than the environment she grew up in and that adaptability was not just useful, it was necessary. Those early lessons of curiosity and openness would later shape the way she led in business.
Sales, at its core, is about connection. Numbers matter, but relationships determine long-term success. Wanda’s time abroad taught her how to connect across differences. Navigating unfamiliar places and adjusting to environments that operated on different expectations gave her the patience and awareness to understand people first, and business second. That approach carried over into leadership, where she built a reputation for giving her teams the space to take ownership while standing firmly behind them when it mattered most.
The link between travel and leadership becomes even clearer in moments of challenge. Unfamiliar settings require flexibility, quick decision-making, and the ability to stay calm under pressure. The same skills are critical in enterprise sales, where strategies shift quickly and no deal is ever guaranteed. Knight learned that success comes from being willing to step into the unknown, whether that means exploring a new country or taking on a leadership role she had not originally planned to pursue.
Her travels have also influenced her eye for style and her creative pursuits. Fashion, for Wanda, is more than clothing; it is a reflection of culture, history, and identity. Experiencing how different communities express themselves, from the craftsmanship of Italian textiles to the energy of street style in cities around the world, has deepened her appreciation for aesthetics as a form of storytelling. Rather than keeping her professional and personal worlds separate, she has learned to blend them, carrying the discipline and strategy of her sales career into her creative interests and vice versa.
None of this has been about starting over. It has been about adding layers, expanding her perspective without erasing the experiences that came before. Wanda’s story is not one of leaving a career behind but of integrating all the parts of who she is: a leader shaped by high-stakes business, a traveler shaped by global culture, and a creative voice learning to merge both worlds.
What stands out most is how she continues to approach both leadership and life with the same curiosity that first took her beyond her comfort zone. Each new country is an opportunity to learn, just as each new role has been a chance to grow. For those looking at her path, the lesson is clear: leadership is not about staying in one lane; it is about collecting experiences that teach you how to see, how to adapt, and how to connect.
As she looks to the future, Wanda Knight’s compass still points outward. She will keep adding stamps to her passport, finding inspiration in new cultures, and carrying those insights back into the rooms where strategy is shaped and decisions are made. Her legacy will not be measured only by deals closed or positions held but by the perspective she brought, and the way she showed that leading with a global view can change the story for everyone around you.
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