11 tips for managing your time and money as an independent contractor

In order to succeed, you have to cultivate some basic skills
  • To make it as an independent contractor, you must budget, create money "cushions," invest in the right tools and find sources of money (clients or leads) that are relatively reliable.
  • Calendars, time-blocking and understanding exactly what your time is worth are other critical tools and skills for independent contractors.

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Leaving a relatively decent full-time office job to work independently was probably the hardest professional decision I've ever made. I had my reasons for doing it -- I craved a better work-life balance, more earning potential and a job that felt more meaningful. So I made the jump. Although I have no regrets (and obviously bowed out of the independent contractor lifestyle), I admittedly did not know what I was getting myself into when I quit my full-time job to go indie. Our most recent Special Report dug into the reasons why the failure rate for new real estate agents is so high, and more than three-quarters of respondents (77.39 percent) said that new agents fail at least in part because they are unprepared for the realities of working as an independent contractor. I'm certainly not an expert, but I did learn some lessons about managing my money and time that might help new agents. Here they are. Money tips 1. Budget, budget, budget Ever wonder why every list abou...