Simplified finances that fit your life.
How are we simplifying personal finances for freelancers?
Building Your Financial Fourt
Our goal at MyFourt is to simplify the first steps of personal finance. What are the first four pieces of your financial Fourt?
Checking account
High Yield Savings Account
Retirement Account
Non-Retirement Brokerage Account
Here are some questions to consider as you begin:
What are your financial goals?
How do you make your money and in what form do you receive it?
If money was not a concern, what would you be doing with your time?
What is your Money Script?
How involved in your personal finance do you want to be on a daily, weekly, monthly, or yearly basis?
Now, let's think about numbers:
How much money do you need or want in an emergency fund?
Many financial professionals recommend 3-6 months of living expenses.
As a freelancer, we recommend 6-12 months.
A HYSA, money market fund, or money market mutual fund are all safe choices for an emergency fund.
How much money can you dedicate towards retirement each year?
Time is what works the best for retirement accounts. You will invest less of your own money over time if you start saving for retirement sooner.
Dedicate some amount of money towards retirement every month - time is your friend.
How much money do you want to put to work in investments?
What are your financial goals?
Do you want to buy property? Plan a big move? Purchase a vehicle?
Your non-retirement investment money is your opportunity to put your money to work for you. This is the perfect place for longer term financial goals.