Relationships Are You Ready to Freelance Full-time? Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Turbo Modified Apr 26, 2021 1 min read Sources Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. Working from home is easier than ever before. Video conferencing and chat communication platforms are close to replicating the experience of working in office. This advance in technology is one of the main reasons why the United States is seeing a huge rise in the gig economy. There are currently 57 million people who freelance, and that is expected to grow to nearly half of all workers in the next decade. While it’s now simpler than ever to find a freelance gig on an online job board, it’s still a big leap to go from the occasional side hustler to full-time freelancer. If you’re already being paid to work the odd freelance project, you may be attracted to the flexibility and freedom that full-time freelancing offers. However, there’s more to doing your hustle full-time than meets the eye. With flexibility comes more instability. Your income won’t always be consistent, and without an emergency savings, paying for expenses in the early stages can get tough. Plus, you’ll be responsible for all of your own taxes and health care coverage, which can set you back further than you might anticipate. Because of these additional costs, and the time spent doing unpaid marketing and administrative tasks, many experts recommend that freelancers double their usual hourly rate in order to take home an equivalent amount to salaried employees. While it can be a challenge to manage your finances as a freelancer, for many people the extra work is worth the rewards of getting to work whenever you want, on only projects you enjoy. To help you decide if freelancing full-time is right for you, check out our infographic below: Previous Post 3 Types of Financial Accounts New Grads Should Consider Next Post #RealMoneyTalk: What I Wish I Knew About My Student Loans Written by Turbo More from Turbo Sources Forbes | FreelancersUnion | SmallBizTrends Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Notify me of follow-up comments by email. Notify me of new posts by email. Δ Browse Related Articles Work How To Get a Summer Job: 30 Summer Job Ideas Career The 42 Best Self-Employed Jobs in 2022 Remote Work 8 Remote Jobs That Pay Well Financial Planning 18 Passive Income Ideas To Boost Your Earnings in 2022 Early Career 60 Freelance Statistics To Help You Thrive How To 44 Ways to Make Money at Home in 2022 Personal Finance How to Choose a Side Hustle For Your Lifestyle Early Career College Grads: Stepping-Stones to Starting Your Own Bus… Life Insurance Insurance When You’re a Freelancer Early Career 5 Steps to Become a Successful Freelancer