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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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The Wealthy Freelancer summary
Steve Slaunwhite
Pete Savage
Ed Gandia
12 Secrets to a Great Income and an Enviable Lifestyle
19 mins
Brief summary
The Wealthy Freelancer by Steve Slaunwhite, Pete Savage and Ed Gandia is a guide for freelancers who want to build a successful and sustainable business. It covers topics such as finding clients, setting rates and managing finances, providing useful tips and advice along the way.
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The Wealthy Freelancer
Summary of 8 key ideas
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Key idea 1 of 8
A successful freelancer accepts that there are times when business isn’t great.
Every freelancer, no matter how relaxed they seem, is constantly under pressure. Even when business is booming and money is flowing in, certain fears linger in the back of the mind. What if work dries up next month? What if a competitor undercuts me next week?
However, these fears aren’t a reason to reject freelancing. Rather, by accepting the realities of constant pressure in freelancing, you’ll unlock the first secret to success.
Because it is always possible that work will dry up, or a rival will snatch your clients, you’ll need to prepare yourself for the moment catastrophe strikes. Use the acronym IDEA to memorize the four techniques that will help you think positively, no matter what the situation.
First, you’ll need to Invest in your success. There’s a whole host of coaching services, books, teleseminars and online resources available on how to make your freelance business prosper. So use them! Learn from the achievements of successful freelancers, and learn from their mistakes. In short: invest in learning and get as much information as you can.
Next, Develop an unshakable belief in yourself. Think of J.K. Rowling, Warren Buffett and Stephen Spielberg. If they strike you as people who’ve achieved what you’d never be able to, think again. They’re normal people too, and just like you, they had to start somewhere. Nobody ever got anywhere without a big dose of self-belief.
But you’ve also got to Expect that this belief will be tested. There are always times of self-doubt. Before her worldwide success, J.K. Rowling found it hard to get published at all, and money was very tight to say the least. Just remember that these dark moments are always temporary. Tell yourself that they’ll pass, and they surely will.
Finally, be sure to Absorb that satisfying feeling of success. If your business is going well, enjoy it! It’s exactly what you’ve been working so hard for.
With the IDEA acronym in mind you’ll always have something to guide you when the going gets tough. Now that you’ve uncovered the first secret to success in freelancing, it’s time to dive in. It all starts with finding the right clients.
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What is The Wealthy Freelancer about?
The Wealthy Freelancer (2010) reveals the secrets behind a successful career in freelancing. These blinks outline how you can focus, structure, manage, organize, market and price your freelance business in the most effective and fulfilling way possible.
The Wealthy Freelancer Review
The Wealthy Freelancer (2010) is a practical guide that helps freelancers achieve financial success and freedom by leveraging their skills. Here's why this book is worth reading:
- It offers actionable strategies to build a thriving freelance business, from attracting high-paying clients to managing finances effectively.
- Backed by real-world experiences and case studies, the book provides valuable insights and practical advice that freelancers can immediately implement.
- With its engaging and relatable tone, the book keeps readers hooked, ensuring that financial management for freelancers is never boring but rather an exciting journey.
Who should read The Wealthy Freelancer?
- Freelancers, solo-professionals, consultants and independent contractors
- Anyone toying with the idea of going solo
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The Wealthy Freelancer FAQs
What is the main message of The Wealthy Freelancer?
The main message of The Wealthy Freelancer is how to build a successful and profitable freelance business.
How long does it take to read The Wealthy Freelancer?
The reading time for The Wealthy Freelancer varies depending on the reader, but it typically takes several hours. The Blinkist summary can be read in just 15 minutes.
Is The Wealthy Freelancer a good book? Is it worth reading?
The Wealthy Freelancer is worth reading as it provides valuable insights and strategies to help freelancers thrive in their businesses.
Who is the author of The Wealthy Freelancer?
The authors of The Wealthy Freelancer are Steve Slaunwhite, Pete Savage, and Ed Gandia.
What to read after The Wealthy Freelancer?
If you're wondering what to read next after The Wealthy Freelancer, here are some recommendations we suggest:
- The Freelance Mum by Annie Ridout
- The Art of the Start by Guy Kawasaki
- Creative, Inc. by Meg Mateo Ilasco and Joy Deangdeelert Cho
- Company of One by Paul Jarvis
- Atomic Habits by James Clear
- 7 Strategies for Wealth & Happiness by Jim Rohn
- Man’s Search for Meaning by Viktor Frankl
- The Psychology of Money by Morgan Housel
- Building Your Money Machine with ChatGPT by Larry Wheeler
- How to Start a Start-up by ThinkApps