The gig economy in the United States is thriving. Since 2014, the number of freelance workers in the country has been increasing steadily, hitting 57 million in 2020. The COVID-19 pandemic has no doubt accelerated the growth of this economy.
Are you wondering whether becoming a freelancer is worth it?
Your situation is understandable and it’s one millions of people find themselves in. Perhaps you’re currently in a traditional 9 to 5 job and loving the certainly that comes with a regular paycheck. On the other side, there’s a chance that you could earn more money although the checks might not be streaming in regularly.
What should you do?
Go ahead and become a freelancer anyway! In this article, we’re sharing some of the biggest advantages of taking on freelance jobs.
1. No More 9 to 5!
“If you think adventure is dangerous, try routine – it’s lethal!”
This popular saying draws a clear picture of life in a 9 to 5 job vs life as a freelancer. If you’re tired of the 9 to 5 routine, it’s high time you quit –before it gets lethal.
If you’ve been holding a regular job for a while now, you’re probably starting to dread waking up in the morning and doing the same thing over and over again.
Do you have any options?
You could find the same job in another company or switch your career entirely, but it’s likely that you’ll end up in the same 9 to 5 routine you’re trying to escape from. What you need to do is become a freelancer.
As a freelancer, you have the freedom to set your own hours. There will be deadlines, obviously, but no client is going to tell you to work by their set schedules.
2. You Can Work from Anywhere
The COVID-19 has forced many employers to adopt work-from-home policies, but as vaccines hit the shelves, more and more employers are starting to recall their workers.
If you’re one of the workers who suddenly found themselves working from home because of COVID, you certainly loved the experience. It’s refreshing working without worrying about that nosy colleague or the prying eyes of your supervisor. If you’re a pet parent, what could be better than spending the whole day together?
Why should you get stressed about returning to the office when you can become a freelancer and enjoy the perks of working from home for good? Not just from home. You can work from anywhere, as long as you have access to a reliable internet connection.
Finally, you can travel whenever you want. There are no paid vacation days when you’re a freelancer, but the power to pack up your bag and hit the road at your whim is the better thing to have.
3. Greater Work-Life Balance
Did you know a whopping 66 percent of American workers have poor work-life balance?
It can be argued that it’s your own responsibility to manage your work-life balance, but there’s no doubt that being in a 9 to 5 job makes this hard. When you’re spending about 8 hours in the workplace and coming home dead tired, it can be difficult to stay on top of other aspects of your life. You just want to get home, eat, and sleep.
If you’re struggling to maintain a good work-life balance, perhaps you need to think of becoming a freelancer.
Many freelancers have a great work-life balance largely because they have greater control over their time and work schedules. When you no longer have to leave for work to 9 every weekday, you’ll find that you’re in a better position to create more time for other things that matter in your life.
This isn’t to say freelancing will magically make all your stars start lining up. Freelancing is hard. It takes a determined and disciplined person to find success. Here’s more from Hectic on the art of freelancing.
4. The Potential to Increase Your Income
Yes, you have the potential to earn more money when you become a freelancer.
One study found that in a particular year, freelancers earned $31 per hour compared to $26.30 for Americans in formal employment. This difference might sound negligible when your compare the figure by the hour, but stretch that to a year and you’ll find that the difference runs into the thousands of dollars.
A big reason freelancers have the potential to earn more is they have the ability to take on multiple clients or projects.
With a fatter paycheck, you’re in a better position to chase your financial goals and even achieve financial freedom sooner than the typical American worker.
However, keep in mind that as a freelancer, there’s no one paying health insurance for you. It’s your responsibility to make sound financial decisions, including purchasing adequate medical coverage and planning for retirement.
Becoming a Freelancer Pays
And not just in dollars. Becoming a freelancer can help you improve your work-life balance as well. You’ll have greater control over your time, let alone becoming your own boss – which is a dream from the vast majority of Americans.
If it seems like everything you want is on the other side of a freelance career, it’s because it is. Take control of your career and life and make the right choice!
All the best and keep tabs on our blog for more helpful career and lifestyle advice.
*Photos by Anthony Shkraba