According to a study, most millionaires have 7 different ways to make money, in other words, they have multiple income sources and if one stops making money, they still have 6 other ways to rely on. When you have a job, you have just one income source, if you are removed from the job, you will lose income source. With a regular job, you're putting all your eggs in one basket. That's not very safe.
Job Vs. Self Employment
- Thread starter nomad
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There are pros and cons of having a job vs self-employed. If you have a job, you can stable monthly income and other fringe benefits such as paid leave, health insurance. On the other hand, if you are self-employed, you can be your own boss and making money your own way. Having a job plus other side hustles can be an alternative.
For me I would always go for self employment as you would be able to run the business just the way you want it which is great
For me I would always go for self employment as you would be able to run the business just the way you want it which is great
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For me I would always go for self employment as you would be able to run the business just the way you want it which is great
As it stands, I am self employed and also I am under paid employment. I have to say that both has helped me since it is the same field.
In as much as I am an entrepreneur, I don't talk down on people that have jobs. All are good and can make you rich if you follow a path.
Having a feasible business is not bad to be self-employed. If I were in such a situation, I can startup a small-scale business and still work in a company.
Totally! Its like the old saying goes, "Don't put all your eggs in one basket." It makes sense to have multiple income streams for security.
