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A study byUpworkfound that 64 million people, or 38% of the U.S. workforce, freelanced in 2023.
This represents an increase of 4 million people who performed the same kind of work the previous year.
Freelancers not only increased in number but also earned substantial amounts of money.
Withsmart financial managementand investments, reaching a million dollars within a few years is feasible.
The Upwork study found that almost half (47%) of freelancers provided skilled knowledge services.
In real estate, transitioning tofreelance real estate investingcan also be highly profitable, he said.
This approach, however, requires substantial initial capital, industry knowledge and risk management skills.
Digital Marketing
Another industry experiencing rapid growth is digital marketing.
AI-Driven Careers
AI (or artificial intelligence) is touching nearly every aspect of our lives.
Some AI-driven freelance careers are paying handsomely, Cookson added.
For example, AI consultants charge an average of $200-$500 per hour.
With consistent work, working 20-30 hours per week can bring in $300,000 to $700,000 annually.
Freelance data scientists and machine learning engineers earn between $150-$300 per hour, depending on experience.
And Cookson said full-time freelance work in this field can generate up to $300,000 annually.
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