If you're new here, you may want to subscribe to Get AbdulVasi.com articles delivered by email. Thanks for visiting!
I lived through it all and then Robert.T.Kiyosaki spoke about it in his book “Cash-Flow Quadrant” and it all boils down to this one thing: to be self-employed is probably the hardest thing to do when compared to running a business, being an employee or being an investor.
I cannot agree to that more. I realied that there are certain pitfalls when you become self-employed and unless you can live with these lacunae, you are going to be mighty depressed.
To start with, the self-employed professionals or sole-prorietors are work harder, longer and forever compared to people who are employed or those who run their own business( those with more than a few people in it). They burn out quickly and they tend to have some really tough days.
If a self-employed professional stops working, the income stops — no matter how famous or celebrated the professional is, the cash flow just stops if you don’t show up.
To be self-employed is to have a warped sense of achievement: you move away from employement and start working for yourself. You move away from a job you don’t like to a job you choose.
You will realize that your income stretches only so far as you can stretch your work hours. You will not be able to work more than 16 hours a day and that’s where you will see that your income reaches a saturation point.
It really matters as to what you want out of your life, but if it was financial freedom, the ability to travel or roam where you please and to develop a residual income stream, self-employement is still not the best choice for that.
