I’ve done some form of gig work for over 20 years, and I can tell you there have been many highs and some lows. Mostly, my time as a freelance writer has been a great experience, and I’ve been fortunate to write for some fantastic big companies over the years and plenty of great, small clients, too.

But in all my experience, I’ve learned one huge downside to relying on freelancing as my sole source of income: You have to work hard to maintain consistent pay.

Here’s what you should keep in mind for your personal finances if you intend to rely solely on gig work.

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