August 14th, 2012
Are You Ready to Start Freelancing Full-Time?
By Paula Pant
Are you thinking about making the leap into freelancing … but you’re not sure if you’re ready to leave the security of a full-time job?
Here’s a true story of a woman who transitioned from her 9-to-5 into a freelance life at the same time that she became pregnant and her husband lost his job. Perhaps her story will help you decide whether or not you’re ready.
Juliana Builds a Nest Egg
Juliana Weiss-Roessler started writing freelance stories because she was “bored” at her day job.
“I had a lot of down time on my hands,” she said.
She didn’t expect it to become a significant source of income, so she felt surprised when she saw how much money she was beginning to make.
“I was sometimes earning more (freelancing) … than I was in my full-time position,” she said.
Before long, she began to wonder: could she do this full-time?
Before Weiss-Roessler felt ready to take the leap, though, she wanted some security. So she started shoveling money into a savings account.
Saving felt easy: since the freelance income she was making on the side wasn’t money that she ever “counted” on having, she simply directed it into savings. Within months, she had a large enough nest egg to support herself and her husband for six months.
She didn’t realize how quickly she’d have to tap that nest egg. Shortly after she quit her 9-to-5, her husband learned he was laid off. To complicate matters, she also discovered that she was pregnant.
Fortunately, they had six months of savings to rely on. The couple also realized that if they trimmed some of the “extras” out of their life, they could stretch that money into seven or eight months.
Weiss-Roessler doubled her dedication to freelance writing, hunting for opportunities and sending well-crafted pitches. Her efforts paid off.
“Within a few months, business was booming,” she said.
Her advice to people who are considering making the freelance switch? “Do the math,” she said. “(Build) your safety net.”
But don’t over-think it, she said.
“You just have to … take the leap,” she said.
Read more about Juliana’s story here.