I’ve been a long-time reader of Ramit Sethi – I love his irreverent approach to money which has influenced me positively. About a year and a half ago, he launched the Earn1K program and I was immediately curious about it. Having failed to run a business once, I thought this was a great way to “hack my brain” to learn about business.
Eventually, I signed up for it. Of course, I have never mentioned this before to anybody other than a handful of friends because most people would balk that I paid so much for an online course and consider me an idiot. I guess I’m just not the latte saving kind of guy – I don’t earn a lot and I don’t spend a lot, but I do want to spend on the things that I really want. I’m mentioning this today because I have results to show from having gone through just half of the course.
A few months ago after I left my last job, most people expected me to jump into a startup again:
It turns out to be simple – “I like coding. I like building interesting and meaningful projects. I like working with good people. I like getting paid well.” That’s it ;-). After all these years, I still love coding, so I kept thinking of ways to focus on just that and stay far away from the business and management side of things. “At least, let me indulge in coding till I have the enthusiasm for it” was my refrain. But how to achieve that?
That was when my lessons from Earn1K kicked in.
Today, my full-time freelancing is going better than I had anticipated a couple of months ago.
There was one more reason why freelancing seemed like a great option to me:
To be happy, your work must fulfill three universal psychological needs:
- Autonomy – control over how you fill your time.
- Competence – mastering unambiguously useful things
- Relatedness – feeling of connection to others
This was what I came across in Cal Newport’s blog whom I pay attention to.
As you can imagine, freelancing has given me an opportunity to further each of the above three points – I get to choose the projects I work on, I get to choose projects that improves my skills and I get to choose to work on projects that I want to be a part of. I am not bound by a company’s roadmap at all.
There are other pluses such as not having to commute, not having to take phone screens and face-to-face interviews, no meetings, not having to worry about sales and product roadmap (my clients take care of that), not having to worry about the competition (my clients take care of that), etc.
There are minuses, of course, such as not having a team to interact and learn from, not having the opportunity to meet wonderful colleagues, no paid holidays, and so on. Thankfully, Pomodoro and GTD help me stay focused and productive and the other minuses haven’t bitten me strongly yet.
At some arbitrary point in time in the future, I’ll do a personal review of how things stand, especially if I have a reasonably steady income. If all is well, then I’ll probably continue freelancing, otherwise there is always the option to jump back into a regular job. Until then, my new life experiment is in progress and so far, so good.
P.S. I’ll talk about my current projects in subsequent posts.
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.”
— Nassim Taleb