What I learnt from freelancing since the age of 19

Published: December 29, 2020 at 10:18 am

In recent times, since many of us are working from home, people have turned to freelance to use their extra time and make some additional income. While it may seem easy and glamorous to make money working from home or any remote location, freelancing is not as easy as it appears to be. In this article, Rakesh Singh shares lessons learned during his journey as a freelancer for over the last six years, from the age of 19.

About The Author: Rakesh Singh has completed his Bachelor of Engineering in Computer Science and works with a top eCommerce company as a Product Manager. He is interested in Fintech, Personal Finance and enjoys reading non-fiction, travelling for food and playing a game of chess. Also, by Rakesh: Five ways to save money when shopping online.
This article focuses on the qualities necessary for a freelancer to succeed. If you are looking for income generation ideas with the right kind of outlook, consult the list of resources given at the end of the article.

My Journey: I was born and brought up in a middle-class family in a Tier-3 city of India. I always felt the pocket money given to me by my parents was never sufficient- especially after looking at lifestyles of other classmates who came from rich and wealthy families. Instead of asking for extra pocket money from my parents, I started looking online for money-making opportunities.

Like every newbie, I had my share of signing up for get-rich-quick schemes, multi-level marketing companies, online ‘typing’ & ‘data entry jobs’ etc. However, I was not ready to give up. I then decided to tweak my approach. I emailed a few bloggers whose blogs I followed and started asking them if they wanted any intern or assistant to work for them. Looking at my persistence and after testing my skills, they started passing some small tasks followed by major projects once I delivered and built a rapport with them.

They were also kind enough to refer me to their other blogger friends, and steadily I seemed to have a constant flow of work. I have been freelancing on the side for the last six years now, and I am very thankful to have an additional source of income apart from my day job. The stability a steady second income source brings to your life is altogether different!

Below are some of the learnings from my journey of the last six years doing freelancing part-time. If any of you FreeFinCal readers can gain anything from my learning’s, I’ll be very happy.

Get free money management solutions delivered to your mailbox! Subscribe to get posts via email!

    🔥Enjoy massive discounts on our robo-advisory tool & courses! 🔥

    1 Importance of being disciplined

    Freelancing is akin to being your boss. Easier said than done; it needs you to be extremely disciplined. You have no one forcing you to stay disciplined, but you need to cultivate the habit yourself. Dedicating sufficient time for freelancing (if doing it with along with your day job), sticking to the deadlines, behaving responsibly and communicating well with your client are some of the key areas of the self-discipline.

    2 Constantly learning & keeping myself updated

    This is extremely most important aspects of what I learned as part of the freelancer journey. Constant learning & keeping myself updated with the latest advancements in the area of my skillset helped me keep my ideas refreshed.  It also helped me stay ahead of the competition and opened up new opportunities.

    3 Not to compare me with others

    Comparing yourself to others can make you feel bad about yourself. These negative thoughts suck up all the energy and reduce your productivity. I learnt expressing myself for what I am and not for someone else.

    4 Importance of saying NO

    Not every client you get in your freelancing career will be good. Picking the right clients and turning down the ones whom you are not comfortable to work helped me achieve better relationships. I learnt how to nurture the relationships that matter and avoiding the ones where trust may be broken. Sometimes you may already have too much work on your platter, but you still don’t want to deny any new job or client. Learn to say NO at the right time to the right clients.

    5 The value of appreciation

    Getting appreciated about your work helps you feel better. I learnt a lot about the value of appreciation during my career as a freelancer. Many argue that you do your work and get the paycheck, why worry about the appreciation?  But, in real life, appreciation matters a lot. Your confidence levels increase significantly if you are appreciated for your work. I expect my client to appreciate and respect my work if it’s good.

    6 Importance of maintaining proper accounts

    I have met many freelancers who do not like the paperwork and avoid invoicing. Sending invoices to your clients, following up on unpaid invoices, keeping proper track of expenses are all integral functions of freelancing. After all, money made from freelancing is what hits your bank account and not what is invoiced or submitted. Keeping proper records will also help you while filing taxes and avoid the hassles of last-minute accounting and data collating task while filing your returns.

    I have tried to include some of the most significant learnings from my journey of the last six years as a freelancer. When I started six years back, there were not too many takers. Today freelancing is a buzzword with every other person thinking of freelancing. If you follow the proper approach and do it diligently, freelancing can be a very lucrative source for income.

    Resources to create a side-income

    Do share this article with your friends using the buttons below.

    🔥Enjoy massive discounts on our courses and robo-advisory tool! 🔥
    Use our Robo-advisory Excel Tool for a start-to-finish financial plan! More than 1000 investors and advisors use this!
    New Tool! => Track your mutual funds and stocks investments with this Google Sheet!
    • Follow us on Google News.
    • Do you have a comment about the above article? Reach out to us on Twitter: @freefincal or @pattufreefincal
    • Join our YouTube Community and explore more than 1000 videos!
    • Have a question? Subscribe to our newsletter with this form.
    • Hit 'reply' to any email from us! We do not offer personalized investment advice. We can write a detailed article without mentioning your name if you have a generic question.

    Get free money management solutions delivered to your mailbox! Subscribe to get posts via email!

      Explore the site! Search among our 2000+ articles for information and insight!

      About The Author

      Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. He has over nine years of experience publishing news analysis, research and financial product development. Connect with him via Twitter or Linkedin, or YouTube. Pattabiraman has co-authored three print books: (1) You can be rich too with goal-based investing (CNBC TV18) for DIY investors. (2) Gamechanger for young earners. (3) Chinchu Gets a Superpower! for kids. He has also written seven other free e-books on various money management topics. He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free investment advice.
      Our flagship course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 3000 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter what the market condition is!! Watch the first lecture for free!  One-time payment! No recurring fees! Life-long access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
      Our new course!  Increase your income by getting people to pay for your skills! More than 700 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner who wants more clients via online visibility or a salaried person wanting a side income or passive income, we will show you how to achieve this by showcasing your skills and building a community that trusts you and pays you! (watch 1st lecture for free). One-time payment! No recurring fees! Life-long access to videos!   
      Our new book for kids: “Chinchu gets a superpower!” is now available!
      Both boy and girl version covers of Chinchu gets a superpower
      Both boy and girl version covers of Chinchu gets a superpower.
      Most investor problems can be traced to a lack of informed decision-making. We have all made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if we had to groom one ability in our children that is key not only to money management and investing but to any aspect of life? My answer: Sound Decision Making. So in this book, we meet Chinchu, who is about to turn 10. What he wants for his birthday and how his parents plan for it and teach him several key ideas of decision making and money management is the narrative. What readers say!
      Feedback from a young reader after reading Chinchu gets a Superpower (small version)
      Feedback from a young reader after reading Chinchu gets a Superpower!
      Must-read book even for adults! This is something that every parent should teach their kids right from their young age. The importance of money management and decision making based on their wants and needs. Very nicely written in simple terms. - Arun.
      Buy the book: Chinchu gets a superpower for your child!
      How to profit from content writing: Our new ebook for those interested in getting side income via content writing. It is available at a 50% discount for Rs. 500 only!
      Want to check if the market is overvalued or undervalued? Use our market valuation tool (it will work with any index!), or you buy the new Tactical Buy/Sell timing tool!
      We publish monthly mutual fund screeners and momentum, low volatility stock screeners.
      About freefincal & its content policy Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication. Freefincal does not publish any paid articles, promotions, PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)
      Connect with us on social media
      Our publications

      You Can Be Rich Too with Goal-Based Investing

      You can be rich too with goal based investingPublished by CNBC TV18, this book is meant to help you ask the right questions and seek the correct answers, and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now.
      Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at a low cost! Get it or gift it to a young earner.

      Your Ultimate Guide to Travel

      Travel-Training-Kit-Cover-new This is an in-depth dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when travelling, and how travelling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 300 (instant download)