Anonymous asked:
Do you think you could ever get a house on a freelancer's "salary"?
I know plenty of people who have freelanced their way into owning a home. It depends a lot on where you live, how much you make, and how secure your incoming work stream is. If you live in New York City, buying a co-op or condo or a house in the outer boroughs is various levels of insanely expensive, so you’d better be doing pretty well. Los Angeles is the same. But if you’re a freelancer who lives in, say, Kentucky, it’s probably quite a bit easier to buy a place. Location counts when it comes to purchasing land and homes.
To get to the core of your question, I think the simple answer is yes: It’s definitely possible to make a large salary freelancing. You’re going to need great clients with appropriate amounts of money and spending habits. And you’re going to need to work a lot. Eventually, you’ll hit a maximum income that’s based on the physical reality that you’re only one person and you can only work so much. When that happens, you’ll hire people.