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freelance is not scalable, not good to have any passive income, and, you stop working your income stops, there is not even any PTO to take a break. I have been
by synergy20 3y ago
freelance is not scalable, not good to have any passive income, and, you stop working your income stops, there is not even any PTO to take a break. I have been doing freelance on and off over the years, and I believe using all the free time before next project to build some sellable products is the only way to become more financial independent.
- yipbub 3y agoTheoretically, you charge taking PTO into account.
- leros 3y agoIt just requires different framing. Maybe taking a week off means making $10k less so your vacation feels really expensive. But in reality you've accepted a job paying $10k less per year with one more week of vacation.
- commonlisp94 3y agoI just mentioned this elsewhere. But everyone in freelancing and agency feels the same way. If only they could get that sweet passive income they could relax and have a stable buisness. Here are some things to consider: - have you ever built and maintained a large codebase/project over several years? - have you ever sold or marketed a product rather than a service? - are you ready to compete with the whole world, as opposed to locally? In my experience they are completely different skills, that agencies and freelancers do not have. One approach is to develop internal "products" that make you more efficient. The bar drops from being something a customer can buy and enjoy right off the shelf, to being a productivity multiplier. I persnally actually accepted the opposite. If everyone is obsessed with passive income and not doing work, to the extent that they are accepting tiny margins with artificially low discount rates, I want to maximize the value of the time I do concrete work.