The answer is NO.
Even though my answer is no, there are a few cons of self-employment. But that’s okay, because there are plenty of positives of self-employment as well.
Working for yourself is a pro in itself.
Being in control of what I do is wonderful. It’s nice to know that what I do has a direct impact on my future (I guess that can be scary as well). I can do what I want, when I want.
Being able to create your own schedule is a pro.
I love being able to make my own schedule. I don’t HAVE to start work at a certain time each day, which is nice. I used to hate the mornings, but now that I work for myself, it doesn’t bother me anymore.
No more commute is amazing!
I really hate bad drivers. My morning commute almost always made me mad because of all of the crazy drivers on the road. I don’t know how some of you who live in bigger cities do it (such as with the notoriously bad drivers in Miami or Chicago), I would go absolutely nuts.
Not having a commute also means that I can save that time that I would be driving and work instead. I also don’t have to pay for gas to drive to work. It wasn’t a ton of money to drive to work, but it was around $150 to $200 each month.
Not having a designated vacation is both a pro and a con.
Being self-employed and being able to work from my laptop means that I can work from wherever and take a vacation pretty much whenever my budget allows for one. However, it can be really hard to separate work from life/vacation. This usually means that I work a lot while on vacation.
Losing benefits is a con.
When you work for someone else, they tend to do a lot of things that you may not think about. They pick out the health insurance, handle taxes, and more.
When you no longer work for someone else, you also lose all of these benefits. You will have to pay for your own health insurance, taxes (and they will be higher now!), any retirement matches and so on.
Income may not be stable, which is a con.
With self-employment, the thought of my income completely drying up the next day does pop into my head every now and then. It’s not something that I’m constantly thinking about, but a slow day does sometimes make my mind wander.
Do you want to be self-employed? Why or why not?