Freelancer freedom: Why gig workers need to diversify not just investments but also their income streams

“You have to raise invoices, follow up and manage different payment cycles,” Choudhury said. “Some clients pay immediately, while others can take even 90 days. There are also costs people may not be aware of, like software and subscriptions. Depending on the kind of work you do, you may need premium tools, publications and more. Together, these can add up.”