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Self Employed

What Is This Page?

This page is all about being self employed.  Since a big part of this website is all about being independent, entrepreneurial and financially secure, I decided to build out a massive resource for everyone who is currently or looking to become self employed.  Continue reading for more information.

A Growing Trend

The reality is that there are a number of factors that will contribute to self employment becoming a growing trend.  These are as follows:

  1. 21st Century Employment – I have made the case previously that employment in the 21st century will continue to be more different than that of the 20th century.  In the last century, workers tended to have a single skill and have a secure job with a single employer for their entire career.  In the 21st century, it is the opposite.  The opposite means individuals either work for a multitude of employers, and maybe even more so, work as contractors and self employed individuals.  Individuals to succeed will need to have a range of skills and seek work in a number of areas.  You can read more on 21st century employment by clicking here.
  2. High Unemployment – Since the economic downturn began in 2008, unemployment has remained high.  Many economists as well as myself anticipate unemployment remaining stubbornly high for years to come – the most pessimistic say maybe forever.  There is a compelling case that the U.S. (and other developed countries) have reached a productive peak and there just simply aren’t enough jobs at the pay we have become accustomed to available to significantly decrease unemployment.  Unemployed individuals need to find alternative means to earn a living rather than sitting around waiting for the economy to recover just because most people will say that eventually it will.  I encourage you to become a regular reader of the blog content here at 20smoney.com for continued insight into the economy moving forward.

The above two factors in addition to other factors not mentioned here will contribute to the growing trend of individuals being self employed.  Later on, we will see individual examples and ideas that you can use to achieve success as a self employed individual.

Additional Resources

What Can I Do As A Self Employed Person?

The options are numerous.  Whether it is earning a living through being an independent web designer or perhaps by being a carpenter, there are more ways to be self employed than we can list.  However, we’ll do what we can to exhaust all the ideas we can think of.  Read more about Self Employed Ideas.

You Need A Plan Strategy

Whether you’re being forced to become self employed through the route of unemployment or you just want to be your own boss, you need to map out a plan to launch your business or idea.  Planning ahead of time can drastically increase your chances of success as you take a shot at self employment.  Read more on How To Be Self Employed.

What About The Paying Taxes?

Paying taxes on your own as an independent business owner or self employed person is very different than being an employee where your taxes are simply taken out of your paycheck.  This can be a scary part of going out on your own, but we’re here to help.

Covering Your Bases

Taking care of the various areas of insurance for your business, yourself and your family is also a scary part for the newly self employed.  Health insurance, liability insurance, life insurance, etc. are all things to consider.  We’ve got you covered.  Read more on Self Employed Insurance.

How Do I Replace My 401(k) & Plan For Retirement?

401(k) plans are one of the great features of being employed.  While being self employed, it’s still important to save for your future and plan for retirement.  There are plenty of options for you to consider.  Read more on Self Employed Retirement Plans.

More coming soon!