How Freelancing Can Help Boomerang Millennials

My generation has been called the Boomerang Generation. People from the ages of 22-33 who went to college, graduated, and moved back in with their parents indefinitely.

There are people who enjoy their families so much that they don’t want to leave. There are also cultures that expect children to live at home until they are married. Then there’s another sector of Millennials who are too intimidated, scared, unsure or apathetic to strike out in the world.

The Boomerang generation has a negative connotation of not wanting to leave home and grow up. It’s been suggested that the idea of committing to a full-time job scares this generation. This is where freelancing can help.

Freelancing gives the Boomerang generation the freedom to move around and be a bit unstable while still earning an income and supporting themselves.

If you’re a Boomerang Millennial by choice or circumstance, here’s how freelancing can help you launch from the nest.

Freelancing doesn’t have to be a 9-5 job

If you’re hesitant to commit to a traditional 9-5 job then freelancing is a great alternative. Put together a budget of how much money you need to live on. You may be able to find decent housing and pay all your bills for less than $2000 per month depending on where you live. With some effort, you could make $2000 per month freelancing without working the traditional 40+ hour workweeks.

For example, if you’re a website designer, you could make $2000 per month from 1-2 clients. As a writer, it may take several clients or jobs to make that amount. A virtual assistant could reach that goal with 2-6 virtual assistant clients.

Figure out how much you need to make by using this cost of living calculator then use this rate calculator to figure out how much you should be charging.

Freelancing keeps you location independent

If settling down in one place freaks you out then freelancing could solve that problem too. As a freelancer, you can do your work anywhere. The term digital nomad refers to freelancers/entrepreneurs that have embraced a lifestyle of traveling while working. There are many successful freelancers who are traveling all over the world while freelancing. They support their lifestyle through their work.

Freelancing can get your foot in the door

If you having a hard time finding a traditional job with benefits, freelancing could bring you closer to that goal. You can gain experience doing freelancing work that would boost your resume while you try to find a full-time job. Sometimes freelancing opportunities turn into bigger jobs. Numerous freelancers have been asked to take on full-time roles within the company they are freelancing with.

Freelancing can build your confidence

Freelancing can build your confidence. If you didn’t have much work experience prior to college than freelancing can help build your confidence. You got a degree in something. Besides the skills related to your major, you learned valuable skills like project management, organization, and self-sufficiency. You wouldn’t have graduated from college without being able to get your work done. You are already qualified to freelance in your field. Start with small projects and work your way up. Set a goal of sending out proposals and applying for 2-5 jobs per week.

Freelancing doesn’t have to be forever

Freelancing has a less “sign an agreement and sell your soul” feel than the traditional 9-5 job. Yes, you can quit a full-time job, preferably with at least two weeks notice, but the stigma is greater. Freelancing jobs end for a variety of reasons, often not related to the freelancer at all. The project can have a natural ending point, the department could cut the budget, the company could decide to hire someone full-time, or they could give the responsibilities to someone already on staff. Quitting can be your decision too. You could finish up a project and let your client know that you don’t want any future work. The beauty of freelancing is that it is inherently temporary. As a freelancer, it’s easier to change your mind and pivot course, whether that change is going to a traditional job or continuing on with another client.

Freelancing can keep your life (relatively) the same

If what’s turning you off about the working world is getting up early, wearing business casual clothing, commuting, and spending all your time in a cube farm then freelancing is a great alternative. You can keep whatever hours you want, dress however you like, and work from home or anywhere else you want. Your life could look a lot like college, if you want it to. You’ll have the same freedom as you had when you were going to classes for a portion of the day and spending the rest of the day doing what you wanted.

Freelancing could be just what Boomerang generation needs to get on their own two feet and gain the confidence to participate in the working world.

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