I haven't written here much lately because I've been heads down, blogging on the site that I was recruited to write for. I have virtually doubled my income weekly, which is amazing. Lately, I've been giving more thought to working full time freelance from home and I have some scary reservations.
The biggest one is lack of security. My day job is very secure, pays me well (over 60k/year), gives me fully paid for benefits, and stock options. I know it's going to be there every day. I'm afraid about moving to fulltime freelancing without any guaranteed pay. At any time, sites could close, I could be out of work. I can't handle the thought of that!
Also, taxes scare me. Right now, I'm leaving out 35% of my freelance income in a savings account. But I need to start paying quarterly taxes and I'm not sure how to do that. I also don't know if 35% is enough. I need to talk to a financial advisor and start learning how to pay quarterly taxes and how to save things for tax deductions.
And finally, health insurance. I could get insurance with my partner, but that sounds like a hassle to get started and I have a great fully paid for healthcare plan through my employer.
Alas, finally freelance isn't ENTIRELY a reality. I could theoretically do it with the pay from my new side gig, but what happens if it goes under? I'm scared.