Are you curious about becoming a freelancer? If so you aren’t alone. There are many Millennials today joining the gig economy. For many, it is desirable to be your own boss, set your own hours, and offer services you enjoy doing. Why spend your life making someone else rich? Many today just simply aren’t interested in traditional employment.
I came across this quote recently, “There are a lot of good reasons to consider running a business as an expat,” according to Ryan Paugh, the co-founder of the Young Entrepreneur Council. “Overhead can be significantly lower. Finding the right talent can be far less competitive. Not to mention, many foreign countries are welcoming foreign startups and entrepreneurs as an economic development opportunity — frankly, something the US could learn from.”
It’s true. Many freelancers are opting to live elsewhere instead of the US, because of the cost of living. If you are a digital nomad, there’s no need to stay somewhere expensive. You might prefer living somewhere that your income will go farther. Due to this, the US is losing a lot of talent. Millennials are finding that the American dream simply doesn’t exist for them, so they find it elsewhere. Major cities that might appeal to young Millennials are simply too expensive to live in from housing to even the cost of food. What good is being your own boss and having freedom if you can’t afford to do anything? This is why, among other reasons, Millennials are leaving the US.
In addition, there is also the desire to simply travel and see the world. There are tons of great places to visit that have cafes with wifi, for example. Why stay in the US when there is so much more to see? Cultures to learn from, food to try, and tropical beaches. (Although I have heard having your laptop at the beach is not all it’s cracked up to be.) Being location independent is an exciting opportunity especially for the young entrepreneur. There are so many great places to go that are beautiful with lots to do and aren’t expensive to live in.
You may be considering joining the gig economy and becoming a freelancer. You should do this with a plan and have savings in place before you launch your new business. You too can consider relocating once you don’t have ties to your current area. There are many services you can offer as a freelancer whether creative or technical. You can start a website, or even just do random gigs off freelancing sites that already exist. Freelancing is a great way to see the world and have new experiences that you would not have otherwise. There is no income ceiling, and you might find a place where the cost of living is more manageable. You only get one life, live it to the fullest. Once you go freelance you might never go back to traditional work again. It is life changing.