Prior to making the plunge into self-employment, one would be wise to take a look at The Pitfalls of Freelancing Infographic. It was created by MastersDegree.net, a website dedicated to collecting and producing "materials to make it easy for you to find a Master’s degree program that you are passionate about."
This infographic provides the negatives of lacking a stable employer as well as the unavoidable drawbacks. As the infographic illustrates, a Gen-X woman in the IT industry, with a master's degree, is most likely to do freelance work. Yet, there is a light at the end of the tunnel with high career hopes and happier employment. So whether you are willing to take the chance or not, know the facts and not-so-freeing factors of freelance work.