James Patterson
Former Operations Manager at DoorDash
Liquidity
In This Article
Definition
How quickly an asset can be converted to cash without significant loss of value. Savings accounts are liquid; real estate is not.
Related Terms
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FAQs
Why does liquidity matter for gig workers?
Variable income means needing accessible cash for slow periods and emergencies.
Similar Terms
Cash Flow
Movement of money in and out of your gig business, important for managing variable income.
Variable Income
Income that changes from period to period, typical for gig workers.
Emergency Fund
Savings for unexpected expenses or income gaps, especially important for gig workers.
APR (Annual Percentage Rate)
The yearly interest rate charged on borrowed money or earned on savings, including fees, expressed as a percentage.
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Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.