Hidden costs of freelancing

When you decide to work for yourself, create your own business, live life on your own terms, there are certain costs involved. For one thing, you have to pay yourself. You have to pay your own taxes - no withholding or worker's comp taken out each week by an employer. You have to pay for your health insurance (yowch!), office supplies, electric bills, computer costs, etc. No more paid holidays or sick time or vacation.

But you know all of that. After all, you're smart enough to be working ...