I couldn't agree more that self-employment is the way to go, with a few exceptions. I find it difficult to understand why so many people with mad skills and knowledge, and often a truck full of tools, would want to share their income with an employer. Take the guys who work for Geek Squad, for example. A customer pays Best Buy $150.00 to have someone install a TV. The guy they send spends an hour or two, using his own skills, knowledge and tools, and gets paid about a quarter of that. I do the same thing, charge my clients $120.00, and keep all of it. I make as much or more on one service call than someone with a job makes all day. It's a win-win for both me and my client.
Further, because of more of my expenses are deductible, my taxable income is less than it was when I was employed, so I pay less taxes, and getting my insurance on Coveredca gives me a great rate on health care.
Take what you love doing and make money off of it. It isn't hard. I'm not surprised and very pleased that the recent recession motivated more people to do just that.
sportsjockla saidIf Republicans are celebrating it's because of Obamacare. Republicans don't do shit for America. I follow Politics closely & I can't think of any piece of legislation they introduced that would allow people to become self employed. Many people stayed "employed" because of health insurance. I'm self employed & have been for 6 years. Money is up and down.
These days both parties are guilty of passing legislation that their donors ask them to but since Republicans have the larger share of big corporate money they are far more interested in protecting their cronies than helping small businesses. Yet they try to sell themselves as the party of self-empowerment.
I completely agree. Party lines are not drawn where most people think.