Can You Afford to go Freelancing Full-Time?

In a word: Yes.

But let’s start from the beginning here shall we?

What’s the first excuse that pops into your mind (or out of your mouth) when you think about going freelancing full-time?

Yep, that’s right:

“I can’t afford to.”


“It’s too risky – I have too many financial commitments.”

No matter how you articulate it, it all amounts to the same thing:

“I can’t go freelancing full-time because of a lack of money”

>> I went from full-time worker to full-time writer online. Find out how I – and many other writers – got started RIGHT HERE.

Now, I’m one of those purist types deep down who believes that too much money doesn’t make you happy per se. However, I’m also pretty damn sure that having some of the stuff does.

Of course it does!

Because with a healthy dose of money who else comes along for the ride? That’s right, Freedom.

In order to find out how you can afford to go freelancing full-time, first we need to get a small yet common preconception about money firmly out of the way:

The route to having more money in your life is not to coupon-cut and scrimp and save on essentials. I like a bargain as much as the next person but the simple fact is:

The world is full of money

Full of the stuff. Most of it flowing to individuals who think about how to get it a lot, but whom actually expend very little physical energy on acquiring it.

These people are just aware that there’s loads of the stuff out there and find clever ways to stand directly in front of the flow of it – arms wide open.

They reject the concept of exchanging their time and presence as the sole way of making money. They look at the world differently to the people working the nine to five grind.

You may have heard of this minority group in society before. They’re often referred to as ‘happy’ or ‘rich’ people.

Sometimes even both.

So if the world is full of money, why drastically cut back?

Sure, don’t waste money if you can help it. Nobody likes waste.

But more importantly than that, if you want to quit your day job and go freelancing full-time:

Implement additional income streams

Rather than spending your time thinking up ways to cut back (and therefore dwelling on scarcity), put your precious time to good use by finding out different ways to create streams of income.

There really has been no better time in the history of civilisation for you to access this sort of information – and be able to afford to implement it.

This is where the work comes in

(Hey, I didn’t say this would be without some work!)

Because I’m not talking about Googling ‘how to make money online.’

I’m talking about investing in your own personal development, your education and your future. I’m talking about putting in the time to learn (and live) whatever it is that gets your heart pumping faster and your bank account heavier.

You need to be creative about this and you need to be proactive.

You’re probably already building your freelance career one brick at a time. You’re likely building a solid reputation, establishing a portfolio and seeing some sort of income from it.

But what all those freelancers out there who are killing it may not mention is that in order to afford to go freelancing full-time, you need to build other sources of income too.

[Tweet “The rules of work have changed and the people who don’t adapt to them are being left behind.”]

As Einstein put it, the definition of insanity is “doing the same thing over and over again and expecting different results.”

So be unorthodox. Be unconventional. Be creative. Be risky if you like. But don’t be insane according to the above definition.

If you want to go freelancing full-time or perhaps start your own business – if you need to make more money, time, or anything else – do something different to what you’re doing right now.

Build up different income streams, however small to start with, so that you’re not relying on just one company, one client or one pay packet.

Going freelancing full-time means taking charge of your own income. Then, and only then, can you live life on your own terms.

It’s more flexible this way and, contrary to popular belief, much less risky than having a full-time salaried job.

Just one more thing:

Don’t put it off. Start now.

After all, now’s all we’ve got.

>> To learn how to build a writing portfolio and a solid reputation as an online writer (without a website) read this FREE eBook.

photo credit: x-ray delta one

6 thoughts on “Can You Afford to go Freelancing Full-Time?

  1. Conceptually, this one is hard for me to understand. I have been freelancing my entire career. I haven’t really known that typical ‘full-time’ job that my parents and grandparents have had. Whether it’s freelance writing or Freelance 3d artist, you are your own business. The difference is the illusion of safety, or what I know as the underlying stress

    I strongly believe that people should try to do anything along the lines of freelance, at least once. I believe it will make them realize that it’s really not a bad thing to do. It gives you freedom and in my opinion more control. It can be difficult at time, but ultimately more rewarding by you as a freelance agent taking on the stress that you are comfortable with and not taking on the stress that is handed to you.

    Be Your Own Boss is how I interpret – BYOB

    I always fall back on that specific Einstein quote by the way.

    1. Thanks for your valuable comments Christopher – a different perspective from me, who until a few years ago was in various traditional ‘full-time’ roles most of my adult life. I completely agree that being self-employed is much more rewarding, even if it is hard work at times. “Taking on the stress that you are comfortable with and not taking on the stress that is handed to you” is a great way of defining one of the main differences between being a freelancer and working for an employer.

      Thanks again for stopping by.

  2. So true! I’m trying to increase my income streams right now, and I’m finding it to be hard because for some reason I THINK I have no free time to do it. Which is insane. There is so much extra time for it!

    So I’m taking baby steps – 10 minutes a day on increasing revenue streams. Hopefully, by the end of the month, I’ll be fitting more in and starting to really get close to some goals. For now, I just have to keep reminding myself that the time is there, I just have to use it well.

    1. Such a good strategy Katherine – keep taking those baby steps until they grow into big, meaningful strides. 😉

  3. I need to get better at planning and sticking to those plans. I’m not bad at organizing, and I definitely treat deadlines as the holy beings that they are, but I do want to achieve a lot in a shorter amount of time. I have more than 4 niches I’m in love with (and two of those don’t really pay or pay well), I’m working on selling my fiction and I love running my blogs (which do serve as portfolios and they serve a long-term purpose). 🙂

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