Over at BubbleCow they discuss Chip MacGregor's suggestions that the blueprint for becoming a full time writer is complex and is based on a three rule system.
- You need to have four-to-six books earning you a royalty.
- You need to have 18 months to 2 years of book contracts.
- You need to have a plan in place.
Let’s take these rules one at a time:
Myke Cole, author of Shadow Ops: Control Point, talks about his transition from the security of a government job to the uncertain future of a full time writer. He talks in depth about how he makes it work.
A few people have asked me to blog about how I make full-time writing work financially, and I think that’s a really interesting topic. I won’t go into details on specific dollar amounts, but I think what I am doing could be scaled to fit anyone’s desired lifestyle.He also offers a nice follow up after he finished his first full year. He discusses the good and the bad, as well as his conviction to keep going.
My original plan was to give myself 3–5 years to make this writing thing work financially, and I saved a nest egg/budgeted a lifestyle that would accomodate that time frame. If future years are like this one, I can sustain this lifestyle (full-time writing, part-time military service) indefinitely.Your can read his two posts: How I Make It Work and One Year In by following the links. Both great reads!
Just like writing your first novel, making a living a living as a full time writer is possible, but it will require the same dedication, perseverance, and sacrifice. Only you can decide if it is a leap of faith you are willing to make.