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It's really not that simple. I made a small fortune being salaried. Would I have made the same money self-employed? Maybe, but I'm not sure - the risks are a lo
by virgilp 6y ago
It's really not that simple. I made a small fortune being salaried. Would I have made the same money self-employed? Maybe, but I'm not sure - the risks are a lot higher (the rewards too, but like I said, far less certain).
- tonyedgecombe 6y agoI'm not sure the risks are that high. I mean in a downturn you might see revenue halve, if you work for someone else you might be the unlucky one whose salary drops to zero.
- virgilp 6y agoYes the risks are not that high, but neither are the rewards. Basically you choose to do something (marketing, sales, dealing with bad clients) over something else (meetings, corporate bullshit, dealing with bad managers). Maybe you get more financial upside on average (especially if you're good at marketing/sales) for slightly less security/peace of mind (as employee if you get sick, or have a child, you still get a salary; you can have paid vacations, etc). Sure, freelancer/consultant is a valid path, but only if you're good at (and enjoy) marketing & sales. Otherwise - you can get lucky to work for a startup that IPOs (or a company whose shares increase dramatically) and end up earning a lot more as salaried.