It’s great going out on your own to become a freelancer. Many of us still do it during the early half of our life without envisioning far into the future what we are going to do when we stop. So my question is does anyone have retirement plans that involve some type of savings account or are most people just winging it and will figure things out once the time comes?
Personally, part of the reason that I moved beyond just doing web design was so that I don’t hit the revenue ceiling and have the chance of retiring with a lot more money earlier in life (or quite possibly failing miserably). When I speak of a ‘revenue ceiling’ what I mean is that one person can only design so many sites during a year and therefore their revenue has a limit because people will only pay so much for a website. I am guessing that this is part of the reason why you see more and more web designers branching out into other areas such as book authoring and application development (ie. 37signals and Basecamp).
I also understand that many of you do it just for the love of design, but in this world you do need money so therefore I pose the question above. And for this reason I am meeting with a financial advisor next week to see what my options are. You can never start too early.