When I say I am a freelancer, people always say "How cool--that must be fun!" and of course, it is--but there are good and not-so-good points to working for yourself...Most all authors are freelancers, even if they have a "day job" because they are not usually getting paid to write (as they write--maybe months or even years later).
Here are just a few of the Pros and Cons of Freelancing:
Pro: You make your own schedule (plenty of time to read).
Con: You can easily feel guilty if you are not working (never enough time to read for FUN).
Pro: You're your own boss (no one to tell you what to do).
Con: You have to motivate yourself--and on some (sunny) days that is really difficult to do.
Pro: You set your own rates and can ask for what you feel your skills are truly worth.
Con: You don't get a weekly paycheck. (Sometimes more than a few weeks go by!)
Pro: You can work from home (in your pajamas, even, though I don't because I feel better when I am "dressed for work")
Con: Your home is your office and your job never really stops.
Feel free to add to this list...I would love to hear from you.