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You are trapped on a catch 22: you want free time to work on cool projects but need one of these projects to drip $500/mo so you can free up your time to work o
by bikamonki 12y ago
You are trapped on a catch 22: you want free time to work on cool projects but need one of these projects to drip $500/mo so you can free up your time to work on cool projects ;) This is how I did it:
1. Get to zero debt. Cut your credit cards. Keep one at home to pay for online services/emergencies.
2. Aim to make double of what you think you need/mo.
3. Go freelance and sign paid SLAs/Support Contracts. After 2yrs/4-6 projects you will have stable monthly checks and if you play it smart most of your maintenance tasks will be automatic. Add 1-2 projects to the mix/year.
4. Don't grow, don't hire help. That will turn you into a manager+programmer and the train will lose track. Be like the expert doctor: if you are good clients will line up.
5. Pick good value projects: short (1-2 months), well paid, at least 2 yrs of SLA, 50% upfront.
6. Save!!!!!!!!
7. Quit your current job when you find your first client, not before.
Work is essential to a happy life, not only "paid" work. Find a good balance.