My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.


How Freelancing Can Solve Your Money Problems

Freelancing is an excellent way to bring in side income so you can meet your financial goals.
How Freelancing Can Solve Your Money Problems
Image credit: Shutterstock
Content Provider
3 min read
This story originally appeared on Due

Whenever someone signs up for my email list, they are asked to complete a survey. As a personal finance blogger, my questions are personal finance related.

One of the most important questions I ask is: What roadblocks do you have when managing money?

A roadblock that I keep seeing over and over in survey results (and hearing in one-on-one calls) is that readers aren’t making enough money. They try to budget and make other money management improvements, but there is only so much budget cutting that can be done. At some point, you have to increase your income to save money, repay debt and live comfortably.

I understand full-time freelancing is not for everyone. Having a variable income from month to month is an entirely new beast to manage. With that said, freelancing is an excellent way to bring in side income so you can meet your financial goals. Here’s why. 

You can get started today

Freelancing is offering an independent service. You can do any type of freelance work you want as long as people are willing to pay for it. Options are endless, and you can get started right now.

You may not even need to leave your house to put out your “in business” shingle. I started freelance writing with a simple blog that had a “hire me” page and pitched potential clients non-stop until I got a steady income going.

Freedom to set your own hours

As a freelancer, you have the autonomy to choose when you will and won’t work. This can be a very convenient setup for someone who already works full-time and needs a bit of side income. You’re able to control your workload, and you can do freelance work when your schedule permits.

You can also charge a high rate for your services depending on your skill level in a given field. Freelancing could bring in double or triple the amount of money you could make with any other side gig. For example, accountants offering bookkeeping or tax services on the side could make considerably more money doing this service than working retail part-time.

Freelancing can grow into new job opportunities 

Aspiring freelancers dream of their side business growing enough to replace their main job. Growing a side business to a full-time income is a real possibility. It may take several months or years, but creating a steady income on the side can give you greater financial security and can open doors to other opportunities.

I credit freelancing and networking for helping me make a sweeping career change. I used to work in event and property management before moving into the financial literacy space. Freelance writing for fintech companies, online publications and entrepeneurs helped me make the leap into the industry.

Final word

If you’re struggling to make ends meet, think of a service you can provide. It can be scary to start your own business, but you have nothing to lose. When you start earning money, make sure to set aside money for taxes. Not paying taxes could put you in a new financial bind. But after fulfilling your tax obligations, you’ll have extra money to repay debt, save and build the life of your dreams.

(By Taylor Gordon)

More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur