Keeping track of contracts, invoices, overdue payments, and tax can become a burden.

As a freelancer today, you can work from anywhere.
New freelancers like to live in a city where it's easier to network or source new clients. They might like to choose somewhere where their money will go further, taking into account housing costs, tax rates, and freelancer ecosystems.

... before going freelance. Health insurance costs will likely mean private, high-deductible insurance plans through the Affordable Care Act.

Profits from your freelancing career can't simply be added into your personal bank account for the following reasons: