Assertions that the self-employed swim in financial freedom and peace of mind are actually not far-fetched. Ask any of those running online essay writers agencies. It is as good as it sounds. The truth of the matter is; working as an employee can confine one to a comfort zone until that moment when financial difficulties begin to bite hard. It doesn’t matter how much you earn every month or yearly. Self-employment is that personal economic edifice everyone actually needs to survive when things fall apart. It is a landing pad when retrenchment at the workplace axes you off from a company where you have labored for years.
Surprisingly, a good number of people do not think about these unfortunate eventualities until that time when it’s too late to make a quick fix. There are enough statistics out there about those who have slumped into depression after losing a job simply because they did not have a fallback plan. Ostensibly, job losses are often a huge blow to those who never venture into side-hassles or put part of their income into business, let alone poor savers who will have nowhere to dip their hands and start something income generating.
Things that should push you into self-employment
This post explores some indicators that should compel anyone into becoming self-employed. Take a look further for more not forgetting that income generating activities like writing jobs from home are good starting points for perpetual income.
1. Your income is beginning to look inadequate
People need to keep improving in their employment business and needs. As you grow, your needs and that of your family also expand. This means your income will not be able to augur well with all that is at hand. It’s always a time to try self-employment.
2. Dust is beginning to settle on your heydays at work
Before you know it, retirement is beckoning. Saving for a life outside employment is important but it pays if such a cause is directed towards starting up a business once your heydays of employment comes to an end.
3. Your salary cannot take care of secondary needs
The primary aim of any employed person is to have a decent house, dress well and feed appropriately. However, owning a car and occasionally going out on holidays equally points to a life of adequacy whereby there is extra money to spare. If your salary cannot take care of all these, it is time to venture into self-employment.
4. Lenders are full throttle on your neck
A pay slip with a deficit, which means there is nothing to take home is the worst nightmare over borrowing or overspending can bring upon anyone. Self-employment should never be far from thought when lenders cannot let you rest. It will help to take care of most of your liabilities.
5. No freedom and autonomy
A job becomes meaningless when at the end of the day; it chokes your desire to invest and even go on holidays. If you are an employee with not enough free days and other incentives, it is always wise to quit and work your way into self-employment.
In summary, job losses can sometimes be unpredictable and a safe exit is only possible through self-employment. You shouldn’t risk living the rest of an employed life a wretched person. Self-employment starts when you still have the energy to do something meaningful.
Written by Chris Lewis.