Freelancing VS Full Time Job: What you NEED to know!
The traditional model of full-time employment has been undergoing a significant shift in recent years, as more and more people are turning to freelancing as a viable career option. With the rise of the gig economy and the increasing demand for flexible work arrangements, the choice between freelancing and a full-time job has become a pressing question for many individuals.
Freelancing offers a number of advantages over traditional full-time employment, but it also comes with its own set of challenges. Before making the leap into freelancing or deciding to stick with a full-time job, there are a few key factors to consider.
Freedom and Flexibility
One of the main draws of freelancing is the freedom and flexibility it affords. As a freelancer, you have the autonomy to choose your own projects, set your own schedule, and work from virtually anywhere. This level of control over your work life can be highly appealing for many people, especially those who value their independence and crave a more balanced lifestyle.
On the other hand, full-time employment typically comes with a set schedule and location, and often involves less flexibility in terms of project selection and overall work-life balance. However, full-time employees generally have a stable, predictable income and the security of employee benefits such as health insurance and retirement plans.
Income Stability and Job Security
One of the most significant trade-offs between freelancing and full-time employment is income stability and job security. Freelancers often face income fluctuations and the uncertainty of finding consistent work, especially at the beginning of their freelance career. On the other hand, full-time employees can expect a regular paycheck and the security of a long-term position with a company, along with potential opportunities for career advancement and salary increases.
Work-Life Balance
The ability to maintain a healthy work-life balance is a huge consideration when choosing between freelancing and full-time employment. Freelancers have the flexibility to design their work schedule around their personal lives, which can lead to a better balance between work and leisure. On the other hand, full-time employees may find it challenging to achieve a comparable level of work-life balance, especially if their job demands long hours and extensive time commitments.
Skill Development and Networking
Another factor to consider is the opportunity for skill development and networking. As a freelancer, you have the freedom to pursue a wide range of projects and clients, which can lead to a diverse set of experiences and the chance to develop a variety of skills. Additionally, freelancers often have the opportunity to build a robust network of clients and peers within their industry. Full-time employees, on the other hand, may have access to professional development opportunities and networking events through their company, which can also enhance their skill set and expand their professional connections.
Ultimately, the decision between freelancing and full-time employment comes down to individual preferences and circumstances. Both options have their own set of advantages and challenges, and what may work for one person may not work for another. It’s important to carefully consider your personal and professional goals, financial needs, and lifestyle preferences before making a decision.
In conclusion, freelancing offers freedom and flexibility, while full-time employment provides income stability and job security. Finding the right balance between these considerations is crucial in determining which path is best suited for your individual career aspirations and lifestyle. Whatever your choice may be, both freelancing and full-time employment can offer fulfilling and rewarding opportunities for professional growth and success.
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And you Dorian, are you doing a full time job or a freelance ?
Learning to code currently and found this video on the subject that I was curious about and it's exactly the answer that I needed
if you want to be freelancer you need communication skills
Guy looks like a default human
Hi, do you think its easier to learn and also find freelance job as webdev or iOS dev?
IMO the best route is a hybrid approach. I think especially early on you need a stable 9-5. You need guaranteed income, benefits, etc. Do some freelance side projects on the side to earn some extra income and gain more experience. If you get to a point (and you may or may not) that you can earn what you make per month at your 9 to 5 plus what you would have to pay for health benefits and a retirement plan out of your own pocket, then you can consider going full freelance. But even then I would be cautious. I have been in a freelance situation where I did not have a steady paycheck coming in every two weeks and trust me it is not fun!
I think your analysis is too biased against 9-5. I know this from experience. At some point I went to an event about entrepreneurship and was surprised that it was essentially a one-week course in accounting.
Now I understand that the accounting makes complete sense. Factors like market size make a HUGE difference. And no matter how you put it, if you do the math the market for freelancers is not that big.
You can take it into account all the annoying interviews and corporate bullshit. Even without the salary, if you manage to use your resume score only one big deal where you end up as director in a well funded startup, that's orders of magnitude more than what you can realistically make freelancing your entire life.
Honestly? I think born rich it’s the only good option…
One point I think is missing is the team. With a corporate job, there is always a team that you can talk to about your challenges and maybe even learn from. There is a much lower barrier than going to a meetup or a co-working space.
Can you do a video on over employment remotely?
As a senior software engineer in US you can reach after years 200-300k per year…. For me the only reason to freelance is for sidehustle after your 9-5, only to be ready one day to start your own tech company, not to bring food on table from freelancing.
I work in government Cyber but have a passion for creating. Should I do both freelance consulting via programming/technical writing AND continue my W-2 Job?
7:04 "You need to be logged in or in your cube for that block of time every day five days a week for the rest of your life." Sounds like Hell. I'll stick with freelancing.
Well, I earn almost thrice my old salary from my investments in the financial market (mostly crypto and stocks) with my portfolio amassing a whooping long term profit of approximately $471k in 6 months under the management of a hedge fund manager Mr Ronald Furey. I contracted him to manage and grow a certain amount of my income and so far, utilizing his services has been the most effective move I made in passive income generation
A good balanced take on freelance and full-time jobs.
im a beginner and i didnt got money by freelancing i even didnt got quarter rate so can you help me due to you the truth ?
if my country made prize for me because im best web developer`i will say dorian helped me and i thank him he in the youtube said the truth and the correct and all of this
The johnny sins of the software world.
Coding is cool. For some reason I haven't pictured the reality of it where I'd be sitting in front of a computer at an office for 8+ hours a day. We can trick ourselves all we want but at the end of the day you're sitting at a computer spending most of your waking hours staring at a monitor.
Being a Freelancer for a few years now, I would like to say that your income never gets stable. There will be months where you will make a lot and months you will make less even after years of experience. Please don't take this the wrong way, freelancing is fantastic, but there is a downside. Consider that before you choose to pursue freelancing as a career option.
For any of my fellow devs out there who have vehicles/bikes/whatever else. You can run food delivery to supplement those in between days. Decent way to get a little pocket change. Excellent way to advertise yourself while making money too.