If you're in the USA, Obamacare ruined the business model for contractors. Health insurance went from $250/month to $500+/month. Not sure what Trumpcare will lo

If you're in the USA, Obamacare ruined the business model for contractors. Health insurance went from $250/month to $500+/month. Not sure what Trumpcare will look like. So you're good if your wife works or you're in Canada, otherwise you start off with one strike against you. Also, if you want to buy a house, do it as an employee first. Getting a mortgage with self-declared income is wonky. The best thing is to have a "jack maneuver" ... Most people who make it as consultants are really ex-employees who are billing their former companies. If you invoice somebody without an existing long-term relationship, there's a very large chance you will be paid late or never, and thus have significant cash flow problems. There's nothing glamorous about consulting. It's less work to just do leetcode and make $400k a year at Google. Also, if you change your mind and want to work as an employee again, expect some awkward conversations with hiring managers.