Secrets of independent contractors and how to profit from them book read reviews from worlds largest community for readers learn the secrets of indepe. Many independent contractors live paycheck to paycheck either because of financial hardships or out of habit this approach to finances can create tragic problems when your income fluctuates even if money is tight work on building a savings buffer one dollar at a time set aside as much as possible to give yourself a safety net most experts suggest 20 if you get sick you need to take . Independent contractors are responsible for funding their own benefits and those expenditures are usually not tax deductible how much to charge clients and how to make sure they pay you independent contractors by rule of thumb charge more than the market will bear however where competition is present risk persists depending on field of