Freelance Income vs Salary: Which is Better?

What are the main differences between freelance income and a traditional salary?

Freelance income is variable and project-based, while a salary is a fixed amount paid regularly. Freelancers have more flexibility but less job security.

Which one is more financially beneficial in the long run?

It depends on various factors like your skills, market demand, and personal financial management. Freelancers can earn more if they secure high-paying clients.

What are the risks associated with freelancing compared to a salaried job?

Freelancers face income instability, lack of benefits, and the need for self-discipline. Salaried employees usually have more job security and benefits.

Can you give me some tips for transitioning from a salary job to freelancing?

Sure! Start by building a portfolio, networking, and saving enough to cover your expenses for a few months before making the switch.