Want to Work For Yourself? Think Again!
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As many of my regular readers know, my wife and I run our own business. A little over two years ago I got the pleasure of being able to tell my boss I was done with the job and left to go out on my own. Ok, truth be told, my wife had already started our business three or so years prior and was now at the point where I could help her run it.
To say it was a dream come true would be putting it lightly. For as long as I could remember I had wanted to work for myself. I don’t know why exactly, but it is something I had always wanted but just couldn’t find a way to make happen. Well, my excitement was brief at best. Yes, I could do what I wanted but a crazy thing happens when you work for yourself…it’s ALL up to you. Everything, as in anything you can think of is on you.
You want new business? You have to go get it. You want to take a month long vacation? You have to bust your hump to do it. You want some sort of work-life balance? It’s a challenge at best. As for health insurance…I’ve already touched that one!
That’s not to say I don’t love self-employment, because I really do. However, what many don’t realize is the work that goes into it. Simply put, many don’t realize what’s entailed in working for yourself. That’s not to say it can’t be done, because that’s obviously not the case – just not the life of puppies and rainbows that gets glamorized by many.
If you’d like to read more about why you want to think twice about self-employment, then check out my article at AOL Jobs.
Photo courtesy of: Reyner Media
John is the founder of Frugal Rules, a dad, husband and veteran of the financial services industry whose writing has been featured in Forbes, CNBC, Yahoo Finance and more.
Passionate about helping people learn from his mistakes, John shares financial tools and tips to help you enjoy the freedom that comes from living frugally. One of his favorite tools is Personal Capital , which he used to plan for retirement and keep track of his finances in less than 15 minutes each month.
Another one of John's passions is helping people save $80 per month by axing their expensive cable subscriptions and replacing them with more affordable ones, like Hulu with Live TV.