Risk: Moderate
I’d rate the risk a 2 out of 5 because:
- Money: While there are minimal direct costs, such as purchasing a computer or software, the main financial risk is the opportunity cost of not earning income elsewhere during the time spent learning and building skills.
- Time and Energy: Significant time and energy are required to learn programming languages, frameworks, and tools. This can be a substantial investment with no immediate financial return.
- Confidence: Beginners may face challenges and setbacks, which can affect confidence, especially if progress is slower than expected.
- Experience of Others: Many beginners report spending months learning without securing a job or freelance work, leading to frustration and potential burnout.
- Startup Costs: While relatively low, costs like online courses or bootcamps may not pay off if the individual does not secure work.
- Online Feedback: There are numerous accounts of people struggling to find work due to high competition and the need for experience, which can lead to discouragement.
Overall, while the financial risk is low, the risk of losing time and energy without a guaranteed return is significant.
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