Following is the question I’ll be answering on Wednesday.
Hello Ms. Black,
I have read your helpful article, “11 Reasons You’ll Never Succeed as a Freelance Writer,” and seen your impressive experience at the website.
My wife and I are weighing our financial needs against the time and energy required to start, operate, and succeed with a freelance writing business. I am 70, and my wife is 63. We are active, in fairly good health, but our energy is about half to two-thirds of what it was twenty years ago, and we have the same necessary things to do as most retirees.
We both have excellent skills, education, and experience for writing in a wide range of genre. I have significant marketing experience. I think each of us could work at such a business a maximum of twenty hours a week, limiting the work we accept accordingly. We need to earn at least $1,000 a month. We would greatly appreciate any reactions, advice, or suggestions as to other authorities related to this idea that you would be so kind as to share.>
FYI, you might want to see this post on saving for retirement as a freelancer so you can start planning for it now — especially if you’re younger/youngish. Now, to my answer.
This email struck a chord with me for several reasons …
4 Reasons This Question Struck a Chord with Me
Just a little Extra: A lot of Americans are still struggling, in spite of the fact that economic experts say that we’re in a recovery right now. But, it’s an “anemic” recovery, which is why a lot of regular working folk don’t feel it. Personally, they’re still stuck in the economic disaster that started back in 2007 with the whole housing crisis, remember?
So when this writer wrote that he and his wife needed to earn at least $1,000 per month (ie, just a little more to get by), I know many can relate.
Working Longer: A lot of us are working longer – many have to just to survive. The gentlemen who wrote in is past retirement age, but he still needs/wants to work – to bring in a nominal amount of money.
And finally …
Working Part-time: This gentleman stated that he and his wife only wanted to work part time (ie, a maximum of twenty hours a week). Many start freelancing for this very reason. They have no desire to grow/manage full-blown freelance businesses. Again, they want to earn just enough to, for example, pay off credit card debt; be able to stay home with the kids and save on daycare costs; contribute (more) to a 401K; meet basic monthly expenses; etc.
More Workers are Freelancing: A recent study by Intuit showed that by the year 2020, some 40% of the American workforce will be freelancing. We’ve discussed this right here on this blog. And ironically, the article stated, a lot of them will be senior citizens, ie:
In 2020, one in six Americans will be older than 65, but they won’t be “traditional” seniors as they will continue to work part or full-time.
So this is the question that will be addressed in Wednesday’s post, which you can find right here. And, I look forward to you sharing your thoughts.
P.S.: Want the freedom to work and live anywhere you please?
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