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By Marc Peyser
September 29, 2015
Dorothy Alexander—Alamy

Need a raise? Maybe you should quit your day job.

A new survey has found that 45% of full-time freelancers say they make more money working on their own than they would in a traditional job.

The fifth annual “State of Independence” study, conducted by MBO Partners, surveyed more than 1,000 freelance workers on their incomes and attitudes toward working solo. Among the most eye-popping results: 2.9 million full-time freelancers reported making more than $100,000 a year, up from 2 million in 2011.

They’re not only wealthier—they’re happier, too. (Maybe there’s a correlation there.) While many 9-to-5’ers fear the uncertainty that might come from working on their own, 43% of the freelancers in the survey reported feeling more secure working independently than they did working for someone else.

Overall, the report found that there are 17.8 million people working full-time as freelancers, and another 12.4 work part-time.

Want more information on the freelance economy? Check out this gallery.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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