Freelance Work Vs. Holding a Job: A Reality Check for Making a Living While Still Having a Life

There is a lot to take into consideration when thinking about working for you. It comes down to personality, will power and in which method you want to work. We’re going to take a look at how freelancing compares to working a steady salaried base job and the takeaways of what works and what doesn’t. ‘

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Becoming A Freelancer

If you’ve been sitting at your job and dreaming of being your own boss, and branching off on a career, then listen up. There are a few key things to think about and do before taking the life path of working as your own boss. Let’s first look into what it means to be a freelancer and the difference between a salaried employee.

Salaried folks are working for their business full time with a regular paycheck, while free lancers are contracted out and work for a multitude of different clients. Many new freelance workers will have similar transitions into the field of self-employment.

Some will go the route of keeping their full time jobs while in your non work hours you pickup your new skills and begin developing a side business. This requires a special person as you could get exhausted and not have time for other activities.

Others will go the route of just jumping straight in. While this is the most risky, it can also pay off a lot if you succeed and can afford to not work for a while. There is a bit of a middle ground of slowly working less at your day job while venturing off into other avenues.

Staying Cost Efficient

As a self-employed freelancer, you’ll be dealing with running your own finances in all areas. That means health insurance, paying taxes, paying yourself, and making financial decisions that will personally benefit you and your business.

If you’re thinking of striking it rich right away, you may think twice. You instead may prefer a used car, no matter what your business is, efficient transportation is important.  Don’t be afraid to take certain risks while minimizing costs that don’t have a direct effect on you or your business.

Flexibility

There is a kind of work to life balance in regards to working for an employer. A freelancer may need to take this into consideration in day-to-day work. Hours can be sporadic and not confined to the standard nine to five job.

On one end freelancers can create their own schedule, as long as your hitting deadlines or being able to corporate with your clients and people you work with, you’ll be fine.

A business contact isn’t going to know if you got something done in the middle of the night or during the regular hours of work. This is often the part that people dream about the most and is the most fulfilling thing about being a freelancer. You pick and choose your own schedule, which can really go a long way when working for yourself.

Dennis Page is a remote worker / freelancer who travels the world as he continues earning his living as a graphic designer. He writes about his lifestyle, and the dedication it takes to work alone.

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