Commonly Missed Tax Deductible Expenses For Your Home Office
If you work from a home office, there are plenty of expenses you can deduct from your tax bill to save money. Don’t miss some of the most common.
Do you dream of quitting your day job? Join the club. Per a Gallup survey, 70 percent of the U.S. workforce is not engaged at work. That’s right, most people trudge to the office without any sort of passion or connecting to the work they’re doing.
If you feel this way, quitting your job might seem like the right solution, but of course it’s easier said than done. Making the jump from fulltime to freelance can be terrifying, especially for someone who has never been self-employed. Yet, on the flipside, there’s never been a better time to do it. There are more resources than ever before for finding freelance jobs, managing the day-to-day operations inherent in self-employment, and keeping your projects and tasks in check.
In fact, quitting your job could be the best thing for your career—if you approach it correctly. Here are just a few reasons why.
“Solopreneurship” is not a fad; it’s a way of life for many.
What your parents and professors told you a “career” was 15 years ago isn’t the same thing as it is today. Quitting your job is okay. The future of work points towards better applications of skills, faster innovation, stability from diverse tasks and roles rather than dull commitment.
According to Upwork, there are 55 million independent workers in the United States today, and the growth is projected to increase dramatically. PwC estimates that by 2020, 50 percent of the U.S. workforce will be solopreneurs—people who will have made their own careers by forging pathways outside of a more traditional trajectory.
Very soon, there will be no pressure against working for yourself and quitting your job, and there are already blogs and websites out there who are ready to help you take a leap towards independence. For example, Fiverr Workspace creates invoices, contracts, and timesheets for your freelance business in a few taps. Sites like Upwork, Fiverr and WeWorkRemotely help you uncover new business opportunities. The list goes on.
Your professional growth can be fueled by freedom and independence.
Take what makes you feel most unhappy about your current job and replace it with experiences that help you not only grow, but also flourish, as a businessperson. The odds of it happening are more realistic than you think.
Freelancing provides learning and stimulation for your life because you will do new things everyday. This is way different and way less monotonous than sitting at a desk and staring at a desktop screen all day. Once you quit your job, you also will have the ability to focus on more than one skillset you like, which provides a greater quality of life.
You will also learn new skills. From managing profit and loss statements, handling your own taxes, to managing multiple clients and projects, your personal growth will sky-rocket. Another valuable perk is that although many go into freelancing mainly for personal growth, they become wealthier as well. By taking different clients and setting your own schedule, diversity contributes to financial stability.
Constantly delaying leaving your job means you’ll never find your calling.
Learning what you like and don’t like doesn’t stop after college. It’s never too late to find your passion—except when you never take action to do so.
After quitting your job and becoming a freelancer, you progress as an independent worker, and you’ll begin to identify trends when it comes to what’s working and what’s not. You will realize where and how you’re most effective as a worker whether it’s at a studio or in sweatpants on your bed with your laptop. You’ll also figure out how to find your audiences effectively and work with your them best.
As you progress, you can optimize your career via micro-adjustments until you eventually begin to take on work that challenges you, but is also directly in your professional sweet spot. Then pretty soon, you’ll find what you were put on this planet to do.
At the end of the day, we all know what it’s like to struggle with wanting to leave the office life, but career trends are all pointing towards carving your own path. The world needs the talents, gifts, and creativity you offer, but more importantly, YOU need the benefits you receive from being your own boss. Why wait any longer to change your life around today?
Have any advice for people looking to turn to freelance? Let us know in the comments below!
