BQPortfolio: Financial Planning For Freelancers Or Those With Irregular Income

BQPortfolio speaks to citizens from across India about their financial goals and helps them access expert advice on how to achieve them.

Walk into any coffee shop in Lokhandwala in Mumbai’s Andheri suburb and you would see at least half a dozen individuals murmuring to themselves. They’re most probably “struggling” actors practicing the lines of what could be their big break.

Here “struggling” is meant to describe their state of finances. Because till they get their big break, they will have to take up odd jobs to make ends meet. And this irregular income makes it hard to follow a consistent financial plan to build wealth for the long term.

Brinda Mehta is an aspiring actor. She lives with her parents and manages the odd event to keep the money flowing in. She just finished her training in method acting from the Jeff Goldberg Studio and started auditioning for roles with a hope to find a big break soon.

But at the same time, she’s wondering how to get her financial life in order as she doesn’t earn any regular salary.

On this episode of BQPortfolio, financial planner Harshwardhan Roongta lays out a strategy that will not just help Mehta but most individuals with irregular incomes stand in good stead.

Watch the full episode here: