[handzhiev]

I'm doing various forms of small business including freelancing for 20+ years. Some of these years I was working as a consultant for one client, a few years were primarily focused on own products, some years were "pure freelancing" similar to what's described in the article. Now again working primary for one client but still managing my own products and taking small gigs on the side.

Except in the beginning, I've had no issues with income but as the others said you need safe cash cushion and financial discipline.

Context switching and overburning is a problem but ask any small business owner outside of the IT and they'll tell you something alike.

Freelancing is just a form of small business and small business is hard. But the level of freedom is higher than that of the employee.