Being a freelancer is an endeavor that many people see as worthwhile. Writing, web design, and photography are just a few industries that fall under this category. With that said, it's important to understand that there are pros and cons that come with freelance work. To have a better understanding if this is something that's worth your while, the following pros & cons from Robert Jain should be taken into account.
PRO - You have more freedom. One of the biggest benefits of freelance work, according to companies like Robert Jain CS, is the level of freedom that it has to offer. When you work freelance, you have the opportunity to create your own schedule and take assignments you believe are the most worthwhile. For those who enjoy flexibility, it's easy to see why freelancing stands out. Of course, this is just one of many aspects worth noting.
CON - You are responsible for finding work. When you're working for a company, chances are that you'll have tasks given to you on a routine basis. As a freelancer, you have to seek out work yourself. It's up to you to consult companies and individual clients alike, meaning that a greater degree of hustle will be required. Those with initiative are likely to succeed in freelance work and the likes of Bob Jain CS will be hard-pressed to disagree.
PRO - You won't have as many expenses to account for. Did you know that becoming a freelancer tends to be more economical for you? Think about some of the biggest expenses that come with the working world; the likes of travel and clothing will probably come to mind. If you're a freelancer, these aren't nearly as tremendous. As a matter of fact, you'll find yourself surprised by just how much money you make in the long term.
CON - Benefits aren't as common. Some of the biggest benefits associated with the working world include health and 401(k) plans. These are easy enough to obtain if you're part of a company, but they aren't nearly as prominent as a freelancer. Not only will it be more difficult to cover medical costs, but this will also mean that vacation time is less likely on your end. If access to benefits is a concern of yours, freelance work might not be for you.
PRO - You have more freedom. One of the biggest benefits of freelance work, according to companies like Robert Jain CS, is the level of freedom that it has to offer. When you work freelance, you have the opportunity to create your own schedule and take assignments you believe are the most worthwhile. For those who enjoy flexibility, it's easy to see why freelancing stands out. Of course, this is just one of many aspects worth noting.
CON - You are responsible for finding work. When you're working for a company, chances are that you'll have tasks given to you on a routine basis. As a freelancer, you have to seek out work yourself. It's up to you to consult companies and individual clients alike, meaning that a greater degree of hustle will be required. Those with initiative are likely to succeed in freelance work and the likes of Bob Jain CS will be hard-pressed to disagree.
PRO - You won't have as many expenses to account for. Did you know that becoming a freelancer tends to be more economical for you? Think about some of the biggest expenses that come with the working world; the likes of travel and clothing will probably come to mind. If you're a freelancer, these aren't nearly as tremendous. As a matter of fact, you'll find yourself surprised by just how much money you make in the long term.
CON - Benefits aren't as common. Some of the biggest benefits associated with the working world include health and 401(k) plans. These are easy enough to obtain if you're part of a company, but they aren't nearly as prominent as a freelancer. Not only will it be more difficult to cover medical costs, but this will also mean that vacation time is less likely on your end. If access to benefits is a concern of yours, freelance work might not be for you.
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For further financial guidance from Bobby Jain CS, please contact Bobby Jain Credit Suisse.
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