Being Your Own Boss

Posted by Mrs Money on November 15th, 2013

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For years now I’ve been “self employed” as a freelance writer.  The business has changed a lot over the past few years, and honestly, when I started I never imagined I’d still be doing it this long!  I enjoy it, and mainly for the fact that I can be my own boss.  Now that we have Penny, it would be hard for me to go back to work and it be worth it.  If I made the same salary as when I worked at the bank, after daycare costs, transportation, etc. I would be left with not a lot of money.  I’ve thought about going back to work but I don’t think it would be a wise decision.

I love being able to make my own hours.  With a very active almost 22 month old, I spend a lot of my day chasing her, doing laundry, cooking, cleaning, and running errands.  If I had a job with set hours I know I’d be a lot more stressed.  I’m very thankful that I can choose to work when I want and as much as I want.  It’s awesome!  Also, with being able to work from home, I don’t have to worry about putting Penny in daycare or hiring a babysitter and that is great.  It saves me a lot of money, as child care is very expensive.

Being self employed can have it’s challenges though.  I have to make sure I set enough money aside for taxes because they aren’t taken out of my pay.  Sometimes I am crunched for time and I’m not able to do as much work as I’d like to.   Because I don’t have a “business” it can feel like I’m not really working.  A lot of people that do freelance work even create an LLC to be more official.  As a business, the importance of business loans can’t be stressed enough if you’re short on cash.  I’m thankful that with freelance writing I don’t need business loans and can do everything on my own.

I enjoy writing and having the flexibility that it offers.  I’ve tried different things over the years to make extra money but this is the most consistent and makes it worth my time.  For instance, I’ve tried selling things on eBay or Craigslist and I don’t generally have a lot of success.  I’ve thought about making soap and selling it, but the profit margin on it is very slim and I’d have to sell tons of soap to make it worth my time. Sometimes I get wild ideas where I’m going to start making things and selling them online but I haven’t found anything that I’d really love to do.

Writing has been my favorite activity to make extra money and I’m very thankful that I’ve had this opportunity over the years to be able to do this.  I think a lot of people have different “side hustles” and this is one that works very well for me!

Do you have any side hustles?  How do you make extra money?

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