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- 💼 💸 Day 16: Your Guide to Contracts & Payments - Asambe! 💼 💸
💼 💸 Day 16: Your Guide to Contracts & Payments - Asambe! 💼 💸
Be Intentional and Purposeful Today
Phemelo Kebinelang
June 25, 2025
25 JUNE 2025
💰THE DIGITAL ECONOMY💰
"S’Phanda Sonke Online – Asambe"
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"Empowering Youth and Communities to THRIVE in this DIGITAL ERA!”
Day 16: Your Guide to Contracts & Payments - Asambe!
Good morning, Online Income Generator!
Welcome to Day 16.
Yesterday, we took the massive step of delivering real work.
Today, we learn how to get paid like a true professional and, just as importantly, how to protect your hard-earned cash.
I know contracts, payment systems, and invoices can sound complicated or boring, but shift your mindset right now.
This isn’t tedious admin; this is the CEO mindset.
This is the knowledge that turns you from an amateur hoping to get paid into a pro with a system to ensure it.
Today, we build your financial foundation so when the money starts rolling in, you’re ready to receive it securely.
Your Pro Financial Setup:
This playbook guides you through the business side of remote work.
We’ll cover contracts, setting up payment systems step-by-step, and how to spot scams from a mile away.
Mission 1: The Contract (Your Shield)
If you didn’t know, my name - Phemelo, means a shield/defender/protector 😉
A contract doesn’t have to be a 50-page legal document.
It’s simply an agreement in writing.
For freelance gigs, even a detailed email works as your contract.
Step 1: Always Get It In Writing.
Never start work based on a verbal promise alone.
A clear email or message outlining the terms is non-negotiable.
📋 Contract Essentials (Copy & Paste Template)
Basic Freelance Contract Template:
PROJECT: [Description]
RATE: $[amount]/hour OR $[fixed amount]
TIMELINE: [Start date] - [End date]
DELIVERABLES: [Specific items to be delivered]
PAYMENT TERMS: 50% upfront, 50% on completion
REVISIONS: 2 rounds included, $[amount] per additional revision
TERMINATION: Either party can terminate with 48 hours written notice
Know Your Worth: Rates, Invoicing, and Time Zones
Research average rates for your skill and experience.
Don’t sell yourself short!
Use simple invoice templates—many payment platforms offer built-in options.
Always clarify payment timelines (like 50% upfront, 50% on delivery).
Be clear about your time zone in all communications to avoid confusion.
Step 2: Check for the "Big 3".
Before agreeing, make sure these are crystal clear:
Scope: What exactly will you do? (e.g., "Write one 500-word blog post").
Deliverables: What will you hand over? (e.g., "A Google Doc with the final blog post").
Payment: How much and when? (e.g., "R500, payable upon submission").
Mission 2: The Payment System (Your Global Wallet)
To get paid by international clients, you need a system that handles currencies like US Dollars or Euros.
The two easiest and most cost-effective tools for us in South Africa are Payoneer and Wise.
Step 1: Choose Your Tool.
Payoneer is the industry standard for freelancers. It connects easily to platforms like Upwork and Fiverr and gives you virtual bank accounts in multiple currencies.
Wise (formerly TransferWise) is great for low, transparent fees and excellent exchange rates. It also provides international bank details, making it easy for clients to pay you.
Timing Strategy: Exchange during SA business hours for better rates.
Time Zone Success Formula:
USA Clients: Work 15:00–23:00 SAST for overlap.
European Clients: Work 08:00–17:00 SAST for overlap.
Australian Clients: Work 06:00–10:00 SAST for overlap.
Step 2: Create Your Account Today.
Pick one platform and sign up now.
Verification needs your ID and proof of address and can take a day or two, so don’t wait.
Sign-up Links:
Mission 3: The Scam Detector
The remote world is amazing, but it has sharks.
Here’s how to spot them.
Red Flag 1:
The "Pay-to-Work" Scam.
You should NEVER pay for training, software, or a job offer.
Legit employers pay you, not the other way around.
Red Flag 2:
The "Overpayment" Scam.
A client sends a cheque for more than your fee and asks you to send the difference back.
The cheque will bounce, and you’ll lose money.
Just say no.
Red Flag 3:
The "Vague Details & Urgent Rush" Scam.
Real clients have clear needs and respect timelines.
If the job is fuzzy and they want you to start immediately without a contract, run.
✅ Use tools like Scamadviser to check legitimacy
✅ Google the company name + “scam” or check the LinkedIn presence
✅ Trust your gut when in doubt, walk away.
You Deserve to Be Paid Like a Pro
Learning about contracts and invoices isn’t just about money; it’s about respect.
Respect for your time, skills, and the value you bring.
You don’t need to be a lawyer or a financial expert.
Just be informed, careful, and professional.
Setting up these systems is a one-time task that will serve you for your entire remote career.
Today, you build the financial fortress for your remote empire.
It’s the most important business task you’ll do this week.
Secure your systems, protect your work, and get ready to get paid.
🔗 Learning Resources:
👉 Please click on all the links below to explore the resources.
Don’t skip, every insight counts!
📩 Tip: Take 20 minutes today to go through these materials.
You're in this challenge to win, so let’s build the knowledge that powers digital income
📋 TODAY'S TASK CHECKLIST:
✅ Open & verify a Payoneer or Wise account
✅ Draft a basic freelance contract (or use a template)
✅ Read 1 article on spotting remote work scams
A reminder to all participants.
We’ve created a WhatsApp group - 21-Day Challenge Remote Jobs for easy and timely access to the challenge's daily tasks, updates, resources and opportunities.
We encourage you to join the group.
Follow this link to join the group: https://chat.whatsapp.com/DINLpaRZ1PfEfYsvzhH1dH
Let's go together
ASAMBE!
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'S’Phanda Sonke Online – Asambe' Newsletter
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