Need your thoughts and advice.

Hi. I am a masters student in computer science. Last semester(fall 2010), I took a semester break and came back to India(my native country) because I was not really interested in continuing my masters degree. I don't really think it fits me and my goal.

I am working on my own website and testing it as of now. I really want to continue doing that. So, I was just thinking if I could work on my own website and do freelancing part-time to support myself. Is it possible to get around $800 - 1000/month doing freelancing.

I really love developing Ruby on Rails applications. I have developed applications using ROR, PrototypeJS, jQuery. This is not an advertisement for my freelancing, just an genuine doubt since I believe, many of you reading this would have gone through something like this and would like to know your thoughts.