Ask How do you prepare financially and strategically for an economic downturn as a freelancer?

[Brendan]

When the global economy starts to struggle, many companies look for ways to cut their spending and save money. Freelancers are often the first people to lose their contracts because they are not permanent staff members. It is wise to save enough money to cover your bills for several months if work suddenly stops coming in. You also need a plan to find clients in industries that do not suffer during hard times. How do you prepare financially and strategically for an economic downturn as a freelancer?