The Secret to Creator Longevity

Athletes and Creators have the same career lifespan, here’s how you can extend that income to LAST.

Author

Carry
April 08, 2024

Hey there! Welcome to the Independent Money newsletter 👋 We’ll be exploring the latest financial news and discussing how it affects entrepreneurs like you. Plus, we'll share some awesome wealth creation insights from successful entrepreneurs.

Let’s dive in! 🏊‍♂️

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How Long Are Creators Relevant?

The number one stressor on creators minds is the longevity of their career. So how do you make your income last?

YourRichBFF Vivian Tu believes creators only have 5-10 good years, similar to the career span of an athlete.

@carryhq

do you agree? You can watch Vivian’s entire interview for the Business of One summit and hear from our other speakers at the link in our b... See more

Ali Abdaal changed the position of his content to suit more evergreen material, including productivity and the tech space.

@carryhq

@Ali Abdaal has 5M subs on YouTube but he’s been able to pivot and shape his content based on what he wants to make and which space has th... See more

Regardless if you’re making the big (or small) bucks, if you’re a creator in any capacity - here’s one way you can avoid breaking the bank come the “end” of your creator lifecycle.

(This also works if you’re self-employed or have a side hustle).

Set up a Solo 401k.

Unlike other retirement plans, it lets you contribute both as the employer and the employee, doubling down on tax advantages and supercharging your savings potential. Plus you get higher contribution limits and flexibility in what you can invest it.

Already have a 401k with your employer? No sweat, it won't interfere. They can work together. You just contribute with your self-employed earnings to the Solo 401k.

Set up and max out your Solo 401k by April 15! This isn't your average deadline – it's your chance to turbocharge your savings. It's your last chance to add in money for the previous tax year and cut down your tax bill.

Want to learn how to set up a Solo 401k or find out if you’re eligible? Here’s a step by step guide:

Still have questions? Reply to this email!

What’s Happening at Carry?

Here’s what you can expect in the coming weeks

See the full list of events here. ⏰ 

Set up your Solo 401k by April 15

Don’t sit on the April 15 deadline — save on taxes and contribute last year’s self employed income.

Set up an account with Carry.

Catch the Replays (Business of One Summit)

Couldn’t attend live? Don’t worry, you can watch the replays for a limited time at summit.carrymoney.com.

15+ entrepreneurs take you behind-the-scenes on how they started, scaled, and operated their businesses.

Want More?

Still can’t get enough? Well, we’ve got you covered!

Think your friends might like it? Be sure to share it with them! 📩

If you want more resources on building wealth as a solopreneur/entrepreneur, check these out:

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