Here’s a list — but it’s by no means full since the freelancing world is full of risks. Losing money. If you dump your rate too much (struggling for new clients), you'll eventually lose your potential earnings and stop thinking of the rate raise because the anxiety won't let you make this step. Losing time. Imagine how much you would earn working full-time with paid holidays and sick leaves. Losing health. Chasing new clients and earnings, freelancers often overwork, become constantly tired, and lose their health. Losing clients. If you managed to settle a convenient working bubble before starting freelancing, think twice — maybe you'll get less than you have now.