Future self employment income should be discounted for risk. Some people might (will) not pay and potential projects never start or actual projects get cancelle

Future self employment income should be discounted for risk. Some people might (will) not pay and potential projects never start or actual projects get cancelled at higher rates than layoffs in ordinary employment. Cash flow is another issue. Employment pays regularly. Contract work does not so you might go a few months between paydays. If you can’t afford that, you are under capitalized. A better job is another option. Sure job hunting sucks. But self employment means you are always job hunting. And anyway, you could find a better job and still work on the side. Good luck.