The Pros and Cons of Freelance Work
Freelance work has recently become a popular career choice for many people. Rather than working for one employer, they're becoming self-employed and working with various clients. But like any job, there are some pros and cons.
Pro: There's more time flexibility, which may help you to maintain a healthier work-life balance.
Con: Your workload may be inconsistent. You could be overloaded with projects one month and then have trouble finding work in the next.
Pro: You can work from anywhere. Coffee shops, your couch, you name it. There's less of a commute, and you don't have to get dressed up.
Con: You have to do your own taxes. When you're working for someone else, taxes are deducted from your paycheck. But when you're a freelancer, you'll need to keep detailed tabs on all of your income, expenses, and other finances.
Pro: You'll have more control over the type of work you do. At first, you probably can't be too picky. But if you become more successful, you can be more flexible in deciding which projects and clients to take on.
Con: As a freelancer, you don't receive benefits. You'll have to pay for your insurance and save up for retirement all on your own.
Pro: The pay rates are sometimes higher than permanent employment, and the amount you make depends on how much work you're willing to commit to.
Some freelancers love the lifestyle that comes with their work, while others have found that it's not quite for them. Hopefully this has given you a better idea of whether or not it's right for you.