For a New Yorker with a desk job, I use multitools quite a bit. Perhaps it’s because I’ve had mostly living situations where it’s easier to DIY than wait forever for a landlord response to problems. Maybe it’s having had a backyard and doing a lot of little jobs in the garden. Or possibly it’s … Read more
Welcome back. In part one, we looked at the simple idea of how getting a direct deposit payment from a client ought to earn you a bank bonus — in essence, getting paid twice for working once. In part two, we showed the main obstacles people find to trying this for themselves, and the built-in solutions that resolve them.
Now let’s talk best-case scenario: stacking bonuses.
Welcome back to the freelancer’s guide to harvesting bank bonuses. In part one, we showed freelancers are optimized to reap bank bonuses via payments from multiple clients. Today I’ll run down all the reasons you might balk at opening multiple bank accounts, and then show the answers that resolve your concerns, valid though they may be. It’s a little long, so I’ve divided it into three pages to preserve your eyeballs.
I promise you this isn’t some empty clickbait title (though it is SEO optimized) and it really does pivot on the eye-rolling “one simple trick.” (Can I get some applause for resisting that phrase in the headline?) This won’t work for every freelancer, but it certainly helps anyone with corporate clients: you writers, photographers, illustrators, producers, and video editors out there looking to double your income. The short version is to set up a separate bank account for each client to pay you, then earn a bonus from the bank for receiving the money — effectively paying yourself a few hundred dollars for 10 to 20 minutes’ worth of work.
Today is part one, and it’s as simple as it says: open an account, receive a paycheck, harvest a bonus. My way isn’t for everybody, and others may be doing it to greater profit, but for me this is the level of reward I like for minimal exertion.
