Exploring the Freelance Lifestyle - Pros and Cons
The freelance lifestyle is becoming more popular than ever. Whether it’s because of the increasing flexibility, the ability to work remotely or simply because it’s trendy, more people are choosing to go freelancing on at least a part-time basis. However, it is important to weigh the pros and cons of the freelance lifestyle before making a decision that will impact your professional life for years to come.
1. The Work-Life Balance You’ve Always Dreamed of
One of the most significant benefits of going freelance is that you can design your career to better suit your personal lifestyle. This includes the amount of time you spend working, where you work, and who you work with. You can also create a schedule that allows you to take vacations, pursue personal interests and spend quality time with loved ones. This freedom gives you the opportunity to make your freelance career resemble that daydream that made you quit your full-time job in the first place.
2. More Variety in Your Work
Often, employees find themselves feeling bored at their full-time jobs after months or even years of doing the same type of work. Fortunately, freelancing offers more opportunities for career diversity. As a freelancer, you can choose the clients that fit your needs and work on projects of varying lengths.
3. You Don’t Have to Worry About Your Employment Status
Typically, when you work in traditional employment, there is someone who oversees your performance and ensures that you have the resources and tools you need to do your job well. This person is responsible for addressing issues that arise, providing you with training and development opportunities and ensuring your company’s payroll is in good standing. Freelancers are responsible for finding their own work, selling themselves to clients and ensuring they have the funds necessary to keep the lights on.
4. You Don’t Have to Deal With the Daily Struggle
For many, the biggest drawback of a full-time employment is the commute and the pressure to perform in the workplace every day. If you freelance, you can eliminate this burden and get back the hours you would otherwise spend commuting or fighting traffic.
5. You Can Work Anywhere
If you have a laptop, an internet connection and a client to communicate with, you can work from anywhere. This means you can do your freelance work from the comfort of your home, your favorite coffee shop or even on the plane while traveling. This provides you with more freedom and enables you to focus on your work without distraction.
6. You Need to Have a Safety Net
Many professionals who switch to a freelance lifestyle have savings or their spouse’s salary saved up as a “safety net.” This is recommended because it helps with the transition and gives you a cushion for potential lulls in client work or delayed payments. This can be especially beneficial if you have children or other dependents. You will still be required to pay taxes, so you may want to consider hiring an accountant or financial advisor to assist with the administration of your business.
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My name is Hadar Matzlich, I've been a full-time digital marketer for the last year now. Three years ago, I finished my law degree. After university, as expected, I found myself working in a law firm, seemingly on the "guaranteed" path to success.
However, although I was supposedly on the right track to success, I couldn't shake the feeling of dissatisfaction with both my work and life.
Then, last year, I reached a pivotal moment. I made the courageous decision to step away from my position at the law firm, propelled by an unshakeable belief that my true calling awaited me elsewhere.
Looking back, I don't regret that decision for a second. It was a plunge into the unknown, but it opened the door to a life that aligns perfectly with my aspirations.
Hadar Matzlich
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