Definition

Working independently on a project-by-project basis rather than as a full-time employee for a single company.

What to consider

  • Embrace the flexibility, but plan for inconsistent income.
  • Keep track of expenses and income for tax purposes.
  • Continuously update your skills to stay competitive.

Real world scenarios

  • As a freelance writer, Mia enjoyed the freedom to choose her projects and set her own hours, allowing her to balance work and personal life.

Related terms

Entrepreneurial Finances