Do you have a financial plan?
- When you decide to do freelance writing full-time, income stability is often the tradeoff. To hedge risk (as investors would say), save at least three months of living expenses saved up before quitting your day job — this will offer some relief during slow months and emergencies.
- Make sure your freelance writing income is enough to sustain you. Ideally, you should be making equal to or more than your day job.
- Increase your freelance writing rates so you can afford to live on them.
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How do I quit my job and be a freelancer?
First, ensure that your freelance writing business has the right systems and is producing enough revenue to support the lifestyle you desire.
Consider choosing a niche, building an impressive writing portfolio and securing client retainers for stable income. Also, be sure ...
Do you have work in the pipeline?
Client retainers are useful for providing stable, predictable income.
If you’re working one-off clients, try convincing them to sign a three-month (or more) retain with you before quitting your day job.
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