Good luck charging $44.88 per hour as brand new freelance CFI.
I hope you have a fuel efficient little beater you can deliver pizzas in during the 70-75 hours a week you won't be instructing.

On a more positive note. If you really intend to be a freelancer then I highly recommend you invest in Gregory Brown's book: THE SAVVY FLIGHT INSTRUCTOR - Secrets of the successful CFI.
It will help you tremendously on how to build a solid student base as a freelancer or as an employee of any flight school. Good luck.