Three Steps to Financial Freedom For Creative Entrepreneurs

If you’ve ever dreamed of ditching the 9-to-5 to build a creative business on your terms, you are not alone. But turning that dream into a sustainable reality requires more than passion and hard work - it requires financial strategy.

Taking the leap doesn’t have to be daunting and can start with easy steps to create a financial safety net that supports your creative vision. Whether you are a designer, content creator, web developer, or multi-hyphenate, there are three simple steps that anyone can take when deciding to turn their passion into consistent cash flow.  

• Make an internal audit of your current financial situation

• Establish your financial goals and build a plan to achieve them

• Take action and remain consistent

Working with a dedicated finance advisor such as Anglade Advisory is that jump start you need to ensure there aren’t any unexpected surprises while launching your passion project. Like so many creative entrepreneurs, building out a business and keeping up with their financial goals can feel impossible. It is important to work with a financial advisor that speaks the same language as you and has experience working with other creators. 

1. Completing the Internal Audit

Think of the internal audit as your personal financial check-up. Like going to the doctor, the longer you put it off, the worse it feels. But getting a clear picture of your current finances doesn’t have to be painful. By assessing where the pain is, you can prevent long term damage and a hefty bill in near future. 

This internal audit of your finances should include the following queries: 

• What are my income streams? (freelance gigs, brand deals, products, etc.)
  

• What are my monthly expenses? (Supplies, rent & utilities, taxes, etc.)
  

• What assets do I have? ( Equipment, savings, business cash, etc.)
  

• What are my liabilities? (loan repayment, overdue invoices)

By getting clear about where money is coming and going, you can then start setting goals based on reality and not guess work. 

2. Establish Your Financial Goals and Build a Plan

Financial freedom doesn’t need to mean deprivation. Rome wasn’t built in a day, and buying that avocado toast won’t lead to bankruptcy. Even if your immediate concern is paying off high-interest credit cards you used for your business, there’s power in acknowledging that and mapping out a strategy. Your goals might include:

• Paying off debt
  

• Saving up to hire a full-time employee
  

• Building an emergency fund for unpredictable sales month
  

• Creating a six-month runway for a creative sabbatical

If you're unsure where to start, working with a financial advisor, especially one who understands building cash flow projections around non-linear income streams is a must. As a creative and business owner you need an advisor that can work with you and your business needs. 

3. Take Action and Stay Consistent

We’ve all seen New Year's resolutions come and go, so while it is great to make a plan, it takes consistency and accountability to achieve our goals. While we can be more aware of where our money is coming and where it is going, working with a financial advisor can be the difference between another fallen New Year’s resolution and actual growth. 

At Anglade Advisory, we offer tools, templates, and personalized check-ins to help you stay on track. So you’re not just planning for the future - you’re building it.