11 Things Copywriters Need To Know About Their Financial Freedom
A System for Six-Figures In Six Months.
By no means have I successfully worked through all the limitations, inadequacies, scarcity and bullshit beliefs I have about money.
But, and it’s BIG but, no longer do I experience a lot of the anxiety, fear, and downright vomit-inducing sickness I used to in many situations.
My gut doesn’t squirm when I tap my card anymore.
And money now represents something closer to water than paper.
What I’m about to share with you had a lot to do with it.
Even more, it played a vital role in leveraging the income I was receiving - and using it the fuel both my own happiness in life, and more reception of more income in the future.
One of the biggest challenges I had with finances a few years ago was seeing it all as mine, feeling like I was wasting or losing money, and not having a simple, yet powerful system set up so I could divert the money to where it is most useful.
Without any further adieu, I introduce to you …
…The Copywriters Financial OS
It involves 5 “business accounts” and 6 “personal accounts”.
All of which can be set up at the bank of your choosing.
It works in all countries both I, and my clients, have tried it in.
For you business you want accounts labelled as:
Income
OPEX
Owners Pay
Taxes
Profit
For you personal you want accounts labelled as:
Home OPEX
Wealth
Health
Rainy Day
Fun
Education
Here’s how it works.
(1) Every single cent you receive goes directly into your Business Income account.
(2) From here, you direct a proportion of that income into the 4 other Business Accounts in alignment with your goals.
2a. OPEX is for your operating expenses - contractors, tech, advertising, etc
2b. Owners Pay is what you pay yourself (you can set this at whatever you see fit)
2c. Taxes is so where you save so you can get ahead on them each year (personally I direct 15% of every invoice here)
2d. Profit is exactly what it is - what’s left over when everything else is taken care of.
(3) Once done, you move whatever you have in your Owners Pay Account over and into the Home OPEX of your Personal Account
(4) Now, you direct a proportion of that HOME OPEX into the other Personal Accounts, as is in alignment with your goals
4a. Wealth is for investments (I personally dollar-cost-average into BTC each month)
4b. Health is for anything related to optimising your health - gym memberships, supplements, apps, wearable tech, etc.
4c. Rainy Day is your “safety net” for when things slow down - as a self-employed copywriter, it’s possible shit hits the fan and you need this (I like to build up, and keep, 6 months worth of Home OPEX in here)
4d. Fun is for just that - travel, entertainment, whatever you enjoy in life
4e. Education is for your own continued education
See. It’s simple.
The beauty comes in the freedom you create by choosing your own %’s to fill each account - and thus, fill your own cups.
The only non-negotiables are your Taxes, your Business OPEX and your Rainy Day.
Everything else is free game depending on your goals and how comfortable you are reinvesting in the business and yourself - and the speed at which you develop and grow.
A Truth about your own financial freedom and money is that they’re not what you’ve been taught to believe they are.
They have nothing to do with “worth” and there is nothing “personal” about them either.
*notice how I used the word “receive” instead of earn … as we don’t ever “earn” money.
Learning that is a journey. It is one that, like you, I am still on.
Using this system, however, has helped me to shift my perspective and relationship with finances for the better.
And I trust it will do the same for you.
With love and gratitude,
Nick