I hate how everyone wants to chase passive income now. Setting up your own business and making passive income is a sexy topic these days. Finding freelance jobs rarely gets discussed. We all want to make money while we hang out on the beach. Students that hear about the 4-Hour Workweek become fascinated with this idea of making money to do nothing.
“You don’t want to take initiative or responsibility, so you check your incoming mail, your Twitter stream, and your blog comments. Surely, there’s something to play off of, something to get angry about, some meeting to go to. I know someone who goes to forty conferences a year and never seems to actually produce anything.” — Seth Godin
I have many friends that love entrepreneurship. They want to run their own business and work from home. They don’t want a boss. They don’t want to be told what to do. There’s just one problem.
I wanted to share a quick story on passive income and freelancing…
I was chatting with a buddy about meeting up for drinks. I told him that before we agreed on a meet-up time I had to finish a bunch of work. He asked me about my freelance work and was surprised to find out how much time I spend on my duties. Then he told me about how he almost got a job with a startup, but backed out at the last minute.
“Why did you back out,” I asked. He then told me about how he read the 4-Hour Workweek and was more interested in passive income, not working long hours.
Today I wanted to talk about making real money and how you can start freelancing right now to make more money than ever before.
What are the benefits of freelancing?
I’ve done a lot of stupid things in my life. I often drink more than I should. I say things that I shouldn’t say. The one thing I’m really proud of is that I started freelancing at a young age.
There are many reasons why I’ve come to enjoy freelancing over the years. Some of them include:
- You work and you get paid.
- You become better at what you do.
- You set your own hours.
- You don’t have to stress about any backend stuff.
- You’re fairly compensated for what you do.
“I’m so busy!” – Can I still freelance?
Does this sound familiar? Are you too busy for everything? Are you too busy to even return a text?
Freelancing actually forces you to get better at time management. I’ve written about time management to death here so I’ll keep this part brief today.
Having minimal time is a good thing. It forces you to ditch the distractions and get real work done. You can easily increase your income in college or in your 20s by devoting a little bit of time to freelancing. You can stop making excuses right now and make money.
If you’re not ready to throw the excuses away, then I suggest you find other blogs to read. I love to help those that are ready to work.
What about passive income, Martin?
Back to the original point. Yes, passive income is good. No, you won’t make thousands off passive income while you hang out on the beach all day. The best part about freelancing is that you can accelerate your savings and income.
You can’t pay off your student credit cards or student loans without making more money. Freelance income will give you the flexibility to do other cool things. I used to blindly chase passive income until I spoke with a much wiser person who informed that before you get caught up in passive money, you need to make real money.
I want you to make real money.
Are you going to give this freelancing thing a try?