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The first tip about being self-employed is funny and telling: > 1. Live simply and reduce expenses. Avoid debt if you can. Rice and beans recipe: Some people
by neilv 3y ago
The first tip about being self-employed is funny and telling:
> 1. Live simply and reduce expenses. Avoid debt if you can. Rice and beans recipe:
Some people can make really good money self-employed, but for the rest of us (including myself), salaried employment would've been much easier.
Also, a period of lower income will keep paying negative dividends afterwards, because it's expensive to be poor. There might also be long-term impact of stress, if the lower income and uncertainty of being self-employed had more net bad stress than the corporate job would've. (Though corporate BS as an employee can be the worst stress, worse than not knowing whether you can keep your self-employed business afloat.)
- bruce511 3y agoBeing self employed is not for the faint-hearted. You get to work long hours, for irregular pay, for lots of different bosses (I mean customers), and as a bonus (if you succeed) you get to deal with difficult staff. And those are the good bits... On the other hand you are more in control. You decide what to work on, and when. You decide how many zoom meetings to have (well, sort of.) You won't be laid off (although you might not get paid.) There's no office politics, and no boss to get jn your way. Sure it can end up being financially rewarding, but a good job, with good investing, likely comes out ahead.