one other drawback that you have as a freelancer is that you are responsible for your own taxation and don't have additional benefits like that of an employee!
Btw you can be a freelancer and work a 9-5 job 5 days per week!
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Yes, you are responsible for your taxation. In spite of having challenges, you can be a successful freelancer. I see most freelancers start their own businesses at some point. And that's great!
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