{"id":130090,"date":"2022-11-27T18:48:40","date_gmt":"2022-11-27T18:48:40","guid":{"rendered":"https:\/\/blog.finxter.com\/?p=929469"},"modified":"2022-11-27T18:48:40","modified_gmt":"2022-11-27T18:48:40","slug":"3-easy-habits-that-can-make-you-rich-as-a-freelance-coder","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2022\/11\/27\/3-easy-habits-that-can-make-you-rich-as-a-freelance-coder\/","title":{"rendered":"3 Easy Habits That Can Make You Rich as a Freelance Coder"},"content":{"rendered":"\n
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5\/5 – (1 vote) <\/div>\n<\/div>\n
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In this article, I’ll show you three simple habits to get way more done, have a much easier and stress-free life, and make more money.<\/strong> Almost guaranteed. Based on science!<\/p>\n

But there’s a catch:\u00a0these habits are often tough to implement for employees.<\/strong> I\u00a0know because I have been there and done that.<\/p>\n

When I finally created my own freelance-based business<\/a> as a coder, all people in my environment were employees, and, unfortunately, nobody I\u00a0knew implemented them. So I almost missed them! \"\ud83d\ude16\"<\/p>\n

~~~<\/p>\n

Here are the three daily habits that will increase the quality of your life and your success as a coder:<\/p>\n

Habit #1 – Work from home<\/strong><\/h2>\n
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People think commute time is not a big deal.<\/p>\n

In truth, commute time ranks among the most expensive things you can do and is highly detrimental to your financial success and your happiness.<\/p>\n

Let’s start with happiness:<\/p>\n

In a 2019 paper titled “How commuting affects subjective wellbeing”<\/em>, researchers showed that long commute times reduce your happiness and can lead to mental issues like depression:<\/p>\n

\"\ud83c\udf93\" “It is found that longer commute times are associated with lower job and leisure time satisfaction, increased strain and poorer mental health.”<\/strong><\/em><\/p>\n

I could provide many more sources showing similar results, but let’s move on to the financial and time impact.<\/p>\n

The average one-way commute time for Americans is 27.6 minutes, according to the Census Bureau.<\/p>\n

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In a year with 260 working days, that’s a whopping 240 hours of reduced productivity that is stressful and reduces your work energy.<\/p>\n

For employees, you could argue it doesn’t matter. But as a self-employed freelancer, you could work 240 hours with an average freelance developer income of $50 that’s a $12,000 annual time opportunity cost<\/strong>.<\/p>\n

Over a working life of only 30 years, contributing $6,000 to a passive index fund (ETF)\u00a0at an average 10% annual yield would result in a whopping $1,136,118<\/strong> nest egg.<\/p>\n

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You may miss out on becoming a millionaire<\/a> just because of one hour per day in commute time!<\/strong><\/em><\/p>\n

Okay, let’s assume you’re stuck in the conventional mindset of believing your time is “free” and it doesn’t matter.<\/p>\n

\"\ud83d\udcac\" Question<\/strong>: How much does the commute time actually cost in hard dollars<\/em><\/strong> without considering opportunity time costs and the drain of energy and happiness?<\/p>\n

The average American commutes 41 miles a day to and from work (US Censor Bureau). <\/p>\n

The average cost per mile of driving a car is $0.58, according to the US Department of Energy.<\/p>\n

So, the direct annual costs of commute time are 41 miles per day times $0.58 times 260 working days equals $6,182.<\/p>\n

Thus, over 30 working years, here’s another missed $1.1 million USD nest egg if you’re the average American employee!<\/p>\n

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(See previous calculations.)<\/em><\/p>\n

\"\ud83d\udc49\" Summary Commute<\/strong>: As an online freelance developer working from home, you’d easily pick up that $3.3 million USD over 30 years — just from saving commute time and investing the difference in the stock market.<\/p>\n

And you’d be happier too!<\/p>\n

I’d be missing out if I\u00a0wouldn’t let you know about our current offer:<\/p>\n

*** Become a Freelance Developer Course ***<\/a><\/p>\n

But are there more simple gains you could add on top of those?<\/p>\n

Yes, they exist! Let’s look at the second easy productivity habit that’s easy for freelancers but often tough to implement for employees!<\/p>\n

Habit #3 – Have a 30-Minute Nap at Noon.<\/h2>\n
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I sleep for half an hour every day at noon. My wife is from Spain, and it’s normal for my wife’s Spanish family to take a long siesta at noon.<\/p>\n

Instead of plowing through a long 8-hour day until exhaustion, they work a couple of hours in the morning, sleep and recharge, and work for a couple of hours in the evening.<\/p>\n

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I love it – my quality of life has skyrocketed since I implemented this habit into my daily life.<\/p>\n

And I became much more productive too.<\/p>\n

Now you may ask: Is there scientific evidence on the benefits of daily afternoon naps?<\/strong><\/em><\/p>\n

You bet there is! In fact, there are too many studies to count. Here’s one:<\/p>\n

In a popular MIT paper titled \u201cThe Economic Consequences of Increasing Sleep Among the Urban Poor,\u201d<\/em> researchers found that after more than three weeks of daily 30-minute naps, employees were more productive and invested more of their money into savings accounts.<\/p>\n

Another paper titled “Effects of a Short Daytime Nap on the Cognitive Performance”<\/em> demonstrated that napping in the afternoon improved all types of cognitive performance.<\/p>\n

One study showed that the performance was improved by at least 2%, even considering the lost time through sleep. Although I believe taking a nap is way more beneficial than that if you’re a knowledge worker (=coder), let’s work with 2%.<\/p>\n

2% of an average coding income of $100,000 USD yields an additional income of at least $2,000 per year. Put into the S&P 500, this yields an additional net worth of almost $400,000 USD<\/strong> after 30 years.<\/p>\n

For sleeping…<\/strong><\/em><\/p>\n

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Other results of similar studies are that people who take a daily nap are happier and healthier.<\/p>\n

Not surprising results – but all the more powerful! And almost nobody is doing it!<\/p>\n

Is it because today’s work environments have not yet caught up to the research? Maybe.<\/p>\n

As a freelance developer<\/a>, you can implement this simple habit in an instant — and make more money, be happier and healthier – just by sprinkling a little bit of sleep into your day!<\/p>\n

Habit #3 –\u00a0Go For a Morning Walk in Nature and Listen to Business Books.<\/h2>\n
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There is strong scientific evidence for the benefits of daily walking, such as<\/p>\n

\"\ud83c\udf93\" “For every 2,000 steps, risk of heart disease, cancer, and premature death decreases by 10% […]”<\/em> – with some convergence at the 10,000 steps per day level.<\/p>\n

Also, walking in nature increases your work productivity and creativity:<\/p>\n

\"\ud83c\udf93\" “In 2014, two Stanford University researchers published some remarkable findings in a paper titled “Give your ideas some legs: the positive effect of walking on creative thinking”. […]<\/em> <\/p>\n

The results identified a clear link between walking and higher performance on the tests. In fact, compared to sitting, walking increased participants\u2019 creative output by around 60 percent.”<\/em><\/p>\n

Now, let’s layer in listening to business books on a daily basis while doing the walk.<\/p>\n

From personal experience, I know that productivity goes through the roof as you keep compounding your business knowledge by reading business books.<\/p>\n

It can easily increase your business results by double-digit percentage points every single year!<\/p>\n

Let’s assume a mere 10% productivity increase from walking and listening to business books daily. (I think it’ll be 10 times that but let’s stay conservative).<\/p>\n

As a freelance developer<\/a>, your income will jump by $10,000 per year (or more). Over a 30-year life investing the difference in the S&P 500, yields a whopping $2,000,000 net worth.<\/p>\n

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And that’s not considering all the health benefits, reduced health costs, and increased life satisfaction when going for a walk daily.<\/p>\n

By the way, here’s your first business audiobook, “Leaving the Rat Race with Python”<\/a> (PDF + MP3). 100% free for you as a regular reader of this email academy!<\/p>\n

\"\ud83d\udca1\" Note<\/strong>: This content originally came from an email sent to my coding email academy. You can signup here (free)<\/a>.<\/p>\n

Summing It Up<\/strong><\/h2>\n

If you implement habits (1), (2), and (3), that is, you work from home, take a nap daily, and go for a daily walk listening to business books, you can accumulate an additional fortune of $2.2M + $0.4M + $2M =\u00a0$4.6M USD.<\/p>\n

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Now read again, and look how easy these habits are! Indeed, they are fun!<\/p>\n

And your quality of life and health will improve – it may add years to your life expectancy! Low-hanging fruits, right? <\/p>\n

To your success! \"\ud83d\ude80\"<\/p>\n

One Final Note<\/h2>\n

Creating my own coding business has been the best decision in my career – it set me free in an instant.<\/p>\n

If you want to learn the strategies to succeed as a business owner of a thriving coding business online, feel free to check out my Becoming a Freelance Developer<\/a><\/strong> course.<\/p>\n

It’s fun and has already changed hundreds of students’ lives!<\/p>\n","protected":false},"excerpt":{"rendered":"

5\/5 – (1 vote) In this article, I’ll show you three simple habits to get way more done, have a much easier and stress-free life, and make more money. Almost guaranteed. Based on science! But there’s a catch:\u00a0these habits are often tough to implement for employees. I\u00a0know because I have been there and done that. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[857],"tags":[73,468,528],"class_list":["post-130090","post","type-post","status-publish","format-standard","hentry","category-python-tut","tag-programming","tag-python","tag-tutorial"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/130090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=130090"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/130090\/revisions"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=130090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=130090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=130090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}