Back to the 9–5: 6 Reasons Why Traditional Jobs Beat Freelancing
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Chapter 1: The Allure of Freelancing
When I decided to leave my job at the end of 2021, I envisioned a bright future. While I was unsure about my next steps, I was convinced that the freedom to work on my own terms would be far superior to the constraints of a traditional 9–5. This belief was strong in October, buoyed by my last corporate paycheck. In November, I was filled with excitement about a potential new career in UX Writing. By December, I attributed my struggles in freelance writing to the holiday season, thinking that January would bring better luck.
However, as the new year began, I found myself investing heavily in a UX Writing program instead of earning as a writer. Despite my initial excitement about freelancing, I’ve come to realize that I want to return to a 9–5 job to reclaim some stability as I begin my new career path.
I’m not alone in this realization; many have discovered that the freelance life isn’t as appealing as it seems. In fact, many of the benefits of self-employment are diminishing in today's job market. What once seemed advantageous about starting your own business can now be achieved through more secure employment options.
In this article, I will discuss the typical reasons people are drawn to freelancing, followed by compelling arguments for why sticking to a traditional job might be the better choice.
Section 1.1: Common Misconceptions About Freelancing
Many individuals cite classic reasons for wanting to leave their jobs for freelancing. Ironically, the same reasons are often used by online course creators to promote their offerings, frequently resulting in disappointing outcomes. While many are attracted to the idea of self-employment, they often overlook the dedication and hard work required to achieve those perceived benefits. I’m all for hard work, but at this stage, I’d prefer the security of a stable job doing something I enjoy rather than something I feel forced to do.
Working on my creative projects is far more enjoyable without the financial pressures of making them my primary income source. Here are some common reasons why people romanticize leaving the 9–5 behind:
Unlimited Income Potential
"I’m fed up with being overworked and underpaid. I want to quit my job to control my income! The harder I work, the more I’ll earn!"
You’ve likely encountered this sentiment before. It reflects a common belief in one’s self-worth. Many people feel they aren't compensated fairly in their day jobs, leading them to believe that self-employment offers better financial opportunities. While it’s true that salaries can feel stagnant, freelancing comes with its own set of challenges.
Take Talia Koren of Workweek Lunch, who developed a meal prep subscription service that gained over 1,000 monthly subscribers, allowing her to leave her full-time job. Though Talia's story is inspiring, it highlights that success in freelancing demands substantial effort and often time to build a client base.
Pursue Your Passions
While the idea of uncapped income is enticing, many venture into freelancing to engage in work they love. With only 15% of the workforce feeling engaged at their jobs, many seek fulfillment in self-employment. However, the necessity of generating income can sometimes overshadow the passion that initially drives them.
Choose Your Clients
Even if you appreciate your work, the company or manager may not be ideal. Freelancing allows you to work with various clients, offering the flexibility to part ways with those who aren't a good fit. This autonomy can be appealing, especially for those with in-demand skills.
Be Your Own Boss
Everyone appreciates the idea of not having someone dictate their schedule. With freelancing, you can set your hours and choose your projects. However, it’s essential to remember that your clients become your bosses, bringing their own expectations and deadlines.
Work from Anywhere
One of the most appealing aspects of freelancing is the ability to work from any location. While some may prefer stability in their current environment, the option to relocate for personal reasons or a change of scenery is a significant draw for many.
Chapter 2: The Case for 9–5 Employment
Despite the appealing aspects of freelancing, the thought of returning to a traditional job doesn’t fill me with regret. The freedom of self-employment comes with its challenges, including the uncertainty of income and the burden of taxes.
Working a 9–5 might seem limiting, but the advantages of steady pay and benefits are hard to overlook. Here are six reasons why a traditional job may be a better choice than freelancing:
Competitive Pay
Many companies are becoming more aware of the need to offer competitive wages, especially after the Great Resignation. Increasing salary budgets and compliance with pay transparency laws mean employees can expect fair compensation.
Simplified Taxes
Having a 9–5 can significantly reduce your tax burdens. Freelancers face complexities like self-employment taxes, which can add up quickly. The lack of an employer to assist with these taxes can lead to financial stress.
Lower Risk, Similar Reward
While some freelancers report higher income, the median income for freelancers is often lower than that of full-time employees. Choosing the security of a salaried position can alleviate the stress of client hunting and income inconsistency.
Faster Skill Development
Working for one employer allows you to deepen your expertise in a specific field, positioning you as an expert over time. This can lead to better job opportunities and increased pay.
Less Overhead
Freelancers wear many hats; they must manage marketing, finance, and various operational tasks. A traditional job allows you to focus on your primary responsibilities without the added pressure of running a business.
Remote Work Flexibility
Many employers now offer flexible remote work options, allowing you to relocate without sacrificing your job. This flexibility can provide the best of both worlds: a stable job and the freedom to choose your environment.
Final Thoughts
While many dream of transitioning from a 9–5 to freelancing, my experiences have led me to value the stability of a regular job. It’s possible to thrive as a freelancer with hard work, but I prefer the security that a full-time position offers. As I pursue a new career in UX Writing, I hope to use my stable income to support my creative projects without the anxiety of financial instability.
Whether you choose to freelance or seek traditional employment, consider these points carefully. Good luck on your journey!