There are numerous myths about free agents. On surface, they appear not to be myths but facts. However, get below surface and these misconceptions quickly crumble. This article will not attempt to debunk all myths, just five widespread ones.

Myth 1: Working for a company is more financially secure than being a free agent

This myth is based on premise that a company provides security to its employees via consistent paychecks. Nothing could be further from truth. Ask any person who has lost their job in current economic climate if working for a company provides financial security.

While it is true that free agent income can sometimes be inconsistent, a free agent is able to work for multiple clients simultaneously.

For example, Sally Free Agent is a web developer and currently has 3 clients. Joe Smith, corporate accountant, works for a Fortune 500 company.

The current economic conditions impacted Sally last month and one of her clients had to abandon their project. While this was not good news for Sally, she still receives income from her 2 remaining clients.

Yesterday, Joe found out his company posted disappointing quarterly earnings and a layoff was necessary to improve company's balance sheet.

Now, let's see who has more financial security. Is it Sally, who recently lost a client and still has 2 different income sources? Is it Joe, who lost his only income source?

A free agent that has a diverse client base is always more financially secure than an employee who only works for one company.

Myth 2: When you are your own boss, every day is a party

Employees in corporations believe that free agents have a relaxed work ethic. They envision getting out of bed by 9:00AM, eating lunch by 2:00PM and then heading to golf course or spa for afternoon. The myth continues following day as free agents get up and do it all over again.

The reality is quite opposite. Free agents typically work more hours and have more responsibility than their employee counterparts. Why? Doing "work" employee does is only one task for a free agent. Other items such as marketing one's services, tracking expenses, and networking are a few of additional daily responsibilities incurred by free agents.

Myth 3: Free agents are immune from corporate politics

I believe it is because he knows or is supposed to know how to lead, organize, manage and bring together, different units to efficiently function as one. I call such a person a mastermind and I believe that anyone can become one.

As a mastermind you don't need to know everything about a company or an area of business you wish to venture in. A little bit is helpful but not necessary.

People think to become spectacularly successful you need to be highly educated or a genius. I will show you in this short article that you don't need either to become successful beyond your wildest dreams in any area you may choose.

Let me give you a real-life example of someone who didn't know everything yet achieved a lot in many different areas. I'm sure you've heard of British billionaire Sir Richard Branson. One of first ventures that Branson got involved in was music industry. Was he a musician? No! Did he know how music industry worked? No! He didn't know much about music industry except perhaps that there was a lot of money to be made.

Branson started Virgin Records and made a lot of money in a short time. Next he launched an airline called Virgin Atlantic. Following this Branson launched a number of other ventures including a soft drink, Virgin Cola, as well as Fitness clubs. Did Branson know a lot about these industries he got involved in? The answer is again no!