5 Reasons Why Freelancing Is Better Than a 9 to 5
Wondering if freelancing is for you? Here are 5 awesome benefits of online freelancing you should know about.
Every year 100,000’s of people make the leap from 9-to-5 to freelance, and the trend is only increasing. Currently, a whopping 56.7 million Americans are working either online or locally as freelancers according to a study done by Upwork.
As a remote team, we’ve got a lot of our own opinions on the benefits of freelancing, which we’ve listed below along with some interesting facts. If you’re considering making the switch yourself, here are 5 reasons we think you’ll love freelancing online.
First on the list is ‘Freedom.’ If you’re trapped in a cubicle, you’ve probably found yourself daydreaming about how awesome it would be to work from home, set your own hours, travel more, or have more family time.
If so, you’re not alone. 84% of freelancers say their work lets them live the lifestyle they want, meaning choosing where they work, when they work, and for how long.
While income growth in a regular full-time job isn’t completely capped, in most cases your earning potential has a ceiling. Either you’re chained to ‘the going rate’ for your kind of work or your stuck chasing promotions that take 30 years to achieve.
Neither of these limitations exists for freelancers. If you work smart and study ‘the business of freelancing’ you’ll find plenty of ways to boost your income. There is no shortage of freelancers charging $100’s an hour. Some freelance coders and marketers can earn up to $1,000 per hour.
Another great perk of freelancing is that your hours aren’t capped either. You’re not locked into the archaic 40-hour workweek that hasn’t been relevant since the 1980s. If you want to work less and improve your work-life balance, you’re free to do so.
Better yet, you don’t have to sacrifice your high income to enjoy more time off. If you increase your rates, you can make the great full-time income working part-time. You can even work in seasons if you want, like 9 months on, 3 months off!
Contrary to popular belief, freelancing actually boosts productivity, with some studies reporting performance lifts of as much as 13%. If you factor commute time into the scenario, the picture gets even prettier. In 2014, Americans spent 29.6 billion hours commuting to work. If you work from home, you’ll reduce what could be hours of wasted time a day to zero. Imagine what you could do with that extra time.
Not only does traditional work hurt your freedom and productivity, but it’s also bad for your health. One study by PGI reported that 82% of remote workers had lower stress levels and improved health than their peers who worked regular 9-to-5 jobs.
Ready To Go Freelance?
Quitting your job and going freelance can be a tough decision to make. Often we fear the worst and end up talking ourselves out of what can be a career and life-improving opportunity.
The good news is, Stoovo is designed to make the switch easy. One app is all you need to optimize your income, manage your finances and find the best short-term job opportunities. You’ll even enjoy AI-powered financial advice based on your specific situation and needs.
Take Stoovo for a spin today and see for yourself how it can be.