Also known as… why freelancers need a Stark mentality.
I’ve recently gotten into watching Game of Thrones, after giving up waiting for the next book, and that Stark motto has really resonated with me.
Winter is coming.
When the show opens, you meet the Stark family and they are a group who clearly have it together. Being Wardens of the North mean they’re always aware the winter will hit them first, stay with them the longest and that their survival depends on how well they can prepare for it.
With that in mind, winter is coming is always on their minds.
Since winter is coming, portions of every harvest are saved and stockpiled. Warm clothing is always mended and prepared ahead of time. Their mindset is constantly set to survival.
As a freelancer, it’s important to do the same things. Stockpile some healthy buckets of savings that you can raid when “winter” hits. Set up several different streams of income so that even when one dries up, they don’t all dry up at once. Always keep you long term plans firmly in your mindset.
What I liked even more though was that this mentality didn’t make the Starks horrible people. Instead they were clearly a very loving family… with each other (we don’t need to get into how off the rails Arya goes) – this awareness allowed them to live the rest of their lives happily. I’d even say that the strength of character that comes from learning responsibility helped make Ned Stark into the intensely moral man he was.
If you’re going to strike out on your own or follow an unconventional career path, you have a responsibility to yourself (and to your country, so you don’t wind up on the dole) to make proper plans to support yourself. Lots of times, that means carefully stockpiling to make it through “winter.”
This stockpiling is particularly unpleasant when you’re first starting out – whether it’s as a recent college graduate starting their first emergency fund or a recent freelance convert who suddenly realizes a $1,000 emergency fund isn’t going to save them from winter anymore, it needs to be $5,000 or even more.
However, like every single Aesop’s fable, there comes a time when the hard work pays off, your savings goals are met, and you are set to weather a winter – even if one never comes.
And in the process of learning how to prepare for winter, you’ve developed a lot of useful skills: learning how to do without, maximizing your frugality, and how to hustle. Even when you don’t need them anyone, each of those skills is as valuable as a vault full of grains or salted meat in Winterfell.
Winter is coming. Are you prepared?
I’ve never watched the show, I’m behind on a number of popular shows. 🙁 We are prepared!
Brian recently posted…Net Worth Update: November 2015
Such a good point! Unless you are one skilled/lucky/talented freelancer who rakes in the dough (and a lot of it) month by month, then you will experience a dry period, and you want to be prepared for it. I think of it more of a drought then winter. 🙂
Tonya@Budget and the Beach recently posted…2015 Goals: How Did I Do?
After the last two years, I am definitely well prepared for the quiet periods of winter and they also happen in the summer as well. Rather than be freaked out, I actually look forward to this period where I catch up on things, I’m preparing for taxes and planning for 2016. I use it as a rest up period for when things do pick up again.
Shannon @ Financially Blonde recently posted…Building and Rebuilding Your Credit
That’s a great approach. There’s definitely an upside to the slower periods too, as long as you’re prepared to weather them.
I am starting a stockpile since I am about to retire from the military and want to make sure my transitional period is smooth. It is hard for me, for I no longer believe in over stuffing my pantry, but I think in this situation it’s for the best.
Petrish @ Debt Free Martini recently posted…Imagining Your Future Retirement Life…
Different situations call for different approaches – I’m glad you were able to see one you don’t like that much was the best approach in this case! And good luck with the transition.
It’s always a good idea to stockpile, even with a conventional job. I can earn some extra cash with my employer by submitting ideas that they can then submit patent applications for (if the idea is accepted, and it hasn’t already been patented). I’ve had a couple go through lately, and I’ve tucked my award money away for a time when I might need some extra funds! So yeah…I’m ready for winter!
Broke @CleverDude recently posted…Christmas is NOT A Reason To Use Your Emergency Fund
That’s pretty cool! So you have actual inventions you’ve thought of out there??
There is the fine line between stockpiling wisely and just spending too much money in the name of preparing ahead… I haven’t quite figured it out yet, myself. But these are great thoughts! Thanks for linking up at Frugal Friday! 🙂
Ann recently posted…And Here We Are Again at Frugal Friday — Week 6!!