Self Employment Verses Working For The Man
What do you want to be when you grow up? Most answered with a doctor or lawyer or an engineer of some sort. The question you may ask yourself now is, did I become what I wanted to be? Later followed with why not? As you grew older, you then dreamed of working for yourself, or having a home based business, especially now that you have become a slave to your job and never have free time to do the things youve always dreamed of doing. Here are a few things that may pursued you to get off the fence and start leaning towards self employment. This article will point out some interesting facts about job security, retirement plans, social security and the many benefits of being a home based business owner.
Job security is a myth. There is no job security working for someone else. You know this, I know this. People are being laid off all over, even from the most solid and established corporations. Over the past 10 years, Fortune 500 companies have laid off over 4.4 million workers! This downsizing has led to a trend in workers seeking home-based careers. These people are creating their own job security!
The marketplace has changed. No longer is it necessary to have a huge overhead to operate successfully. With todays available technology, even a small home-based business can make a BIG splash in the marketplace. 24 million people currently operate either part-time or full-time businesses from their home and these numbers are expected to grow to unprecedented levels over the next 10 years.
Todays home based business opportunities offer control of your time, your income, your schedule, and your future. Limitless potential for extra income! TAX BENEFITS! Unbelievable Tax Write-offs! Flexible hours, choice of working part time OR full time! Satisfaction, self-fulfillment, happiness and wealth...to name a few. 86% of home-based business owners report being happier running their own business compared to working for someone else. 92% recommend working from home to others.
Less than 10% of Americans are self-employed, yet they control over 90% of the wealth in this country. Self-employed people are 4 times more likely to become millionaires than those who work for others. Hear enough? I encourage you to read on.
Long term income with retirement plans, pension plans, 401K\'s and Social Security are no longer reliable sources of income. Pensions and retirement programs funded by a company or union these days is an absolute joke! Yes, you will get paid for your time invested in the company, but the amount you get paid can not and should not be counted on for the only source of income after you retire, you would be a fool if you think it will be enough to live off of.
Why do you think you see so many elderly \"greeters\" at your local \"Super Center\", here\'s a hint... they\'re not bored! They simply cannot afford to \"retire\" after they retire. It\'s sad really... I don\'t want to end up like that, do you? Didn\'t think so. These stores have gotten enough out of me over the years and I\'ll be damned if I\'m gonna spend my Golden Years as a door mat in a flashy blue vest just to make ends meet!
Add Social Security to the mix... Even if you are retiring today and are going to draw your hard earned Social Security money, you still can\'t make it on that alone. The way things are set up, the government limits you on getting another source of income while drawing social security. Same goes for Disability. They give you a check for maybe $1500 a month if you\'re lucky and that\'s it. Since this money is referred to as \"free money\" most people won\'t get another legitimate job in fear of losing that precious check. I talked to people before about making several thousand dollars a week and they turned it down! All because they\'ll lose that free money... unbelievable! I hear it all the time and it still doesn\'t make any sense to me. To each is own I guess.
If your middle aged or younger, by the time the baby boomers clean up on all the SSI, there won\'t be anything left for you and I. Think about it for a minute. The Clinton administration\'s fiscal 2000 budget report stated, \"Government trust funds do not consist of real economic assets that can be used in the future to fund benefits.\" In other words, the government is finally admitting that there is no Social Security trust fund. Simply because, people are living longer and there aren\'t enough workers paying in their SS dues now to compensate the people ready to retire. They can\'t keep up!
In 2016, the same year that the first of the baby-boom generation turns seventy, a jump of 700,000 living people will eventually clean out the Social Security trusts. If each of those 700,000 gets a check from SSI of $1,000 a month, that\'s $700,000 paid out each and every month! Add that up to one year and you get $8,400,000.00 Yes it\'s in the billions. Just for one year! Now if these Baby-boomers live another 20 years... the numbers are astronomical, were talking Trillions now! Do, you see how the money will be gone before we get to it?
Let\'s talk about the infamous 401K plans. A company will match your input and then allow you to tap into it whenever you want or you can take it when you retire. Sounds like a plan, ey? Don\'t want to burst anyone\'s bubble but, um... when it\'s gone...it\'s gone! You may have a $150,000 401K investment when you leave and that may seem like a lot of money at the time, but think about this... The average American family brings in just under $50K, more likely $30K a year and can\'t get ahead. What in the world makes people think they can retire and live the rest of their life on $150K? You might get 3-4 years out of it max. You may have been fortunate to jump on the band-wagon 20 years ago and have a Million or two invested, it still isnt enough, with the cost of living that continues to sky-rocket every year. Remember, when it\'s gone...it\'s gone.
People, who work from home, create their own retirement plan. How, you may ask? If you choose the right business as we discuss in our free mini course, you could literally write your own check. This will allow you to create your own retirement plan through many different ventures such as investments and private placements, real estates, etc. and create multiple-streams of income. This in turn will explode to your benefit over time.
The tax benefits alone are worth the risk, if you will. Why do you think the government taxes workers to death and rewards the rich? They don\'t want you to be an employee, so they are penalizing you and making you pay in hopes that you will do something about it, for example start your own business. The government rewards business owners with deductions and exemptions in the tax laws so they will remain in business, thus giving back to the economy and creating more jobs, which in turn pays more taxes!
Living the life you deserve., the income potential in a home based business is limitless. You can make as much as you want here and no one could stop you! Thus, giving you more time and money to do the things you\'ve always wanted and to provide for your family the finer things in life.
The question remains, who wouldn\'t choose a home business? The money is good, the life is great and the retirement is awesome and comes earlier! Wouldn\'t you rather have the choices I\'ve mentioned above rather that relying on someone else to make them for you? Or crossing your fingers and wishing for it? There is no genie in a lamp in this lifetime, it\'s literally up to you to decide what you want and do something about it before it\'s too late and you find yourself wearing that cute little blue vest and saying \"Welcome\" over and over again. Hopefully your answer is clear, if not, reconsider. You can have so much to look forward to in life, if you choose it.
To your success, and the life you choose to live! Make it a great one, because you only get one.
Lori and Mike Atchison are Home Based Business Entrepreneurs who specialize in teaching people how to research the perfect home business.We also train Network Marketers in advertising their business effectively. For more information please visit Home Business Advice and Network Marketing Tips
Midlife Career Change - Are You On The Verge of a Midlife Career Change?
A midlife career change will possibly provide a shocker to you as well as your own family. A midlife career change can come w...
4 Tips About No Documentation Mortgage Loans
You can get a mortgage without having to prove income, assets, employment, or other factors. Many lenders off the No Doc opti...
100 Percent Mortgage Financing - Qualifying for a FHA Loan
If looking for a no money down or 100 percent mortgage financing, you have several options. Understandably, many homebuyers h...
Identity Theft Workers Arrested
Over 1300 workers have been detained and arrested by police in the US over identity crime. Charges have been brought against ...
Low Income? Credit Problems? How Your Credit & Income History Impacts Your Mortgage Loan
Your credit history and your history of employment are both major factors that affect your capability of obtaining a mortgage...
Hamilton College To Abandon Merit Scholarships
Hamilton College, a 195-year-old liberal arts institution, based in up state New York, has announced that it will stop awardi...
Problem Credit? Why Even Poor Credit Borrowers Can Get Approved For a Mortgage Loan
If you want to buy a house, and you have problem credit, you may be wondering if you can even get approved for a mortgage loa...
All Scholars Who Wish To Further Their Studies Should Be Checking Around For Loans Or Scholarships
All scholars who wish to further their studies at college or university should be checking around for loans and scholarships ...
No Doc Mortgage Loans How This Mortgage Could Help You
If you are struggling to find a traditional mortgage loan because you cannot document enough of your income to qualify, you c...
Need a Mortgage, Refinance or Equity Loan? Learn What it Takes, Before Applying
Do you know what it takes to qualify for mortgage and refinance loans? There are several factors involved with qualifying fo...
Poor Credit Unsecured Loan: Loan Without Any Mortgage for People With Poor Credit
You may have a poor credit record and so you may be apprehensive that no lender will lend you. But to a lender, your circumst...
Student Loans UK Support You in Receiving Education
For pursuing higher education, students need some support which is moral, educational and financial. Without all these the st...
Mortgage Loans: Speeding Up Your Mortgage Application
If you are in the process of refinancing your mortgage or applying for a new loan, there are steps you can take to ensure the...
Mortgage Loan Disclosures
Applying for a mortgage usually means you will get a blizzard of paperwork to sign.Many of these papers are "disclosures". Th...
Home Based Business - MLM
In view of fierce global competition and incessant arrival of new entrants in the business arena, the existing companies are ...
Home Equity Management Plan
Depending on your individual financial circumstances, there are attractive and appealing reasons for releasing your home equi...
Cooperative Marketing Verses Internet Marketing
In the world of MLM Marketing there are numerous techniques, strategies and resources that promise to be the holy grail of tr...
Consolidate Your Student Loan and Reduce Your Debt
Recently a friend graduated from law school after 4 years of hard work. It did not take him long to find employment with the ...
What To Do When You Need Extra Money for College
Paying for college is one of the biggest headaches that both parents and students are faced with once the acceptance letter g...
Identity Fraud and Your Credit Report
A credit report is information about each person that is used by financial institutions to determine whether or not to give y...