These days, there’s more than one way to be your own boss. And the gig economy blowing up with opportunity, making it even more attractive for office workers to set foot into the freelance world. It’s also a great way for hardworking, talented women to establish themselves as experts in their chosen fields, earn commissions on equal footing as their male counterparts, and tip the scales back on a horribly skewed wage system.
Besides, with no set hours, no boss and no dress code, it sounds like a dream. But before you quit your job, know that there are some financial pitfalls that could trip you up before you get started. Here are three money steps to take before you embark on a free-wheeling freelance career or pick up a side gig.
It’s easy to get caught up in the rat race till we lose sight of our purpose. If you’ve been feeling that way a lot lately, it might be worth taking some time to sit down and redefine what success looks like to you. Also read tips from our Change Maker, banker-turned-yogi and entrepreneur Jasmine Chong, on how she mindfully de-stress.
Text: Chip Chen
Additional text: Zoe Zeng
Image: Shutterstock, Pexels