Which Is More Secure – The 9-5 Job Or Self-Employment?

In my wife’s interview of me, and in her blog post about what it’s like it being an entrepreneur’s wife, she asked me about how…

  • Christi says:

    David,

    Thanks for the article. Needed a little inspiration today. I am working part time to support my own starting online business. It seems sometimes that the part time job takes all the inspiration and energy out of the rest of my life. Good points.

    Christi

  • Christi says:

    David,

    Thanks for the article. Needed a little inspiration today. I am working part time to support my own starting online business. It seems sometimes that the part time job takes all the inspiration and energy out of the rest of my life. Good points.

    Christi

  • Bryan says:

    Couldn’t agree more. I am proud of my bro for what you’ve done. I am hoping to start my own CPA business in time. I’ll be subject to all this stuff then.

  • Bryan says:

    Couldn’t agree more. I am proud of my bro for what you’ve done. I am hoping to start my own CPA business in time. I’ll be subject to all this stuff then.

  • Vertimyst says:

    As usual, awesome article.

    Although I’m only (almost) 17, I’m considering starting an online business at some point, perhaps as a sort of hobby through college, and then I might grow it if I want after I graduate.

    As you keep repeating, this type of business is extremely flexible.

    It’s weird, because for years now, ever since I was old enough to understand that people have jobs and such, I was always going on (in my own little cute kid type way, at the time) about how I didn’t want to work for anyone except myself when I got older.

    Looks like that might turn out to be the case. šŸ™‚

  • Vertimyst says:

    As usual, awesome article.

    Although I’m only (almost) 17, I’m considering starting an online business at some point, perhaps as a sort of hobby through college, and then I might grow it if I want after I graduate.

    As you keep repeating, this type of business is extremely flexible.

    It’s weird, because for years now, ever since I was old enough to understand that people have jobs and such, I was always going on (in my own little cute kid type way, at the time) about how I didn’t want to work for anyone except myself when I got older.

    Looks like that might turn out to be the case. šŸ™‚

  • Anthony says:

    David,

    I currently work as a chauffeur. I get paid two days a month — not every two weeks but two days a month — and I get no holiday pay, sick pay or paid time off.

    I sustained a slight tear in my rotator cuff two months ago. As I lay there in excruciating pain, it occurred to me that were this a life altering injury, I was screwed because I had no residual income. My living is made behind the steering wheel of a lincoln town car owned by someone who could care less about his chauffeurs. Time to make some moves.

    I came across your site vis a vis the recent Yaro Starak podcast. Your site is a fantastic resource and an inspiration. I’m one of those guys who is thinking of quitting the 9-5 and going balls to the wall to make an online venture work. My fellow chauffeurs hope things will be better for them in February as January was a slow month. Screw that — hope is not a strategy. It’s time to get busy.

    Regards,
    Anthony

  • Anthony says:

    David,

    I currently work as a chauffeur. I get paid two days a month — not every two weeks but two days a month — and I get no holiday pay, sick pay or paid time off.

    I sustained a slight tear in my rotator cuff two months ago. As I lay there in excruciating pain, it occurred to me that were this a life altering injury, I was screwed because I had no residual income. My living is made behind the steering wheel of a lincoln town car owned by someone who could care less about his chauffeurs. Time to make some moves.

    I came across your site vis a vis the recent Yaro Starak podcast. Your site is a fantastic resource and an inspiration. I’m one of those guys who is thinking of quitting the 9-5 and going balls to the wall to make an online venture work. My fellow chauffeurs hope things will be better for them in February as January was a slow month. Screw that — hope is not a strategy. It’s time to get busy.

    Regards,
    Anthony

  • Rock on man…be a game changer and play by your own rules…that’s what I say.

  • Rock on man…be a game changer and play by your own rules…that’s what I say.

  • David,

    Thanks for the inspiring post! I spent nearly a decade being a slave to the “security” that a 9-5 job provides, but I don’t plan on ever looking back now that I have control of my own life.

    Sure, there were a lot of things I “gave up” when I left the corporate world, but I gained something much more important – my freedom.

    Thanks for sharing this insight into your business and your mindset!

  • David,

    Thanks for the inspiring post! I spent nearly a decade being a slave to the “security” that a 9-5 job provides, but I don’t plan on ever looking back now that I have control of my own life.

    Sure, there were a lot of things I “gave up” when I left the corporate world, but I gained something much more important – my freedom.

    Thanks for sharing this insight into your business and your mindset!

  • Mayooresan says:

    mmm…… this post inspire me to give up my full time work šŸ™‚

  • Mayooresan says:

    mmm…… this post inspire me to give up my full time work šŸ™‚

  • Fadzuli says:

    Great Post David. The day that I decided to go on my own was the day that I read Kiyosaki’s Rich Dad Poor Dad. Slaving 9-5 really ain’t the way to live a life. Yes you might be stable now but what you build and work for in the next 50 years ain’t yours. Your family eventually do not gain anything from it cos you have been building someone’s else asset and not yours.

    So just like you, I believe in creating my own wealth and assets. And when the day I’m not around anymore, I know that the assets I built will benefit my children, my grand children and also those assets can be turn into foundations that could benefit society.

    To great wealth and everlasting income.

  • Fadzuli says:

    Great Post David. The day that I decided to go on my own was the day that I read Kiyosaki’s Rich Dad Poor Dad. Slaving 9-5 really ain’t the way to live a life. Yes you might be stable now but what you build and work for in the next 50 years ain’t yours. Your family eventually do not gain anything from it cos you have been building someone’s else asset and not yours.

    So just like you, I believe in creating my own wealth and assets. And when the day I’m not around anymore, I know that the assets I built will benefit my children, my grand children and also those assets can be turn into foundations that could benefit society.

    To great wealth and everlasting income.

  • Warwick says:

    Hi David

    One thing that might be of interest to you, is that barely 100 years ago, almost everyone had their own business. Most families were involved in creating their own incomes in one field or another. This sham of “security” is a relatively recent phenomenon, but it’s certainly been adopted by “the masses”. How we love to be “victims”, rather than to take the lead. A sad state of affairs to be sure.

    Warwick

  • Warwick says:

    Hi David

    One thing that might be of interest to you, is that barely 100 years ago, almost everyone had their own business. Most families were involved in creating their own incomes in one field or another. This sham of “security” is a relatively recent phenomenon, but it’s certainly been adopted by “the masses”. How we love to be “victims”, rather than to take the lead. A sad state of affairs to be sure.

    Warwick

  • Alex Miller says:

    David, I like your post. I think I can see where your wife is coming from. Most people have the same mindset that she does about security and walking the path that the crowd does. It is a proven way to be like the masses.

    What you have and what all other successful online marketers have is a proven system. Both are proven, both are influenced by change. I think it is just a mindset. I don’t think our kind would be happy with a 9-5 job, and I don’t think the 9-5 people could handle the stress of learning a new skill to do what we do as bloggers and online marketers.

    Both are needed I think. Of course I am bias, and I like online marketing better. I just don’t think some people are cut out for it and they are the one’s that don’t think it would work. We who do it, we know!

  • Alex Miller says:

    David, I like your post. I think I can see where your wife is coming from. Most people have the same mindset that she does about security and walking the path that the crowd does. It is a proven way to be like the masses.

    What you have and what all other successful online marketers have is a proven system. Both are proven, both are influenced by change. I think it is just a mindset. I don’t think our kind would be happy with a 9-5 job, and I don’t think the 9-5 people could handle the stress of learning a new skill to do what we do as bloggers and online marketers.

    Both are needed I think. Of course I am bias, and I like online marketing better. I just don’t think some people are cut out for it and they are the one’s that don’t think it would work. We who do it, we know!

  • bzhuo373 says:

    I agree. Your article is similar to an article I wrote awhile back about freedom , what is freedom? Most Americans and Canadians will take pride for living in a “free” country, I question the “freedom” and wonder what is freedom? Hey I just paid off a 30,000 dollar student loan and own my own piece of land purchased without a loan. Most people leave school in debt borrow money for a car, house etc and are in debt until they reach retirement, and then they say they own their house. Well I say big deal they reach 65 whats the point in owning at last that late in life. I say enjoy life when you are strong and youthful while it lasts. Thanks again for being in there.

  • saintjoe says:

    All I can do is agree lol, nothing really more to add to it man. It is TOTALLY a mindset thing, You're also right about life changing but the paychecks staying the same lol…I loved that one.

  • This is a fabulous post. I do many of these things already.you have a great, informative and thoughtful blog here! Iā€™m definitely going to bookmark you!

  • CoachIyabo says:

    David, this is a great post.

    What I love about self employment as a money coach and business strategy consultant is that my work is not static. I can decide to blog, write an article, create a membership site, look at money issues from neural patterns in the brain or look at it from the perspective of emotional drama.

    No one out there is telling me this is what a money coach looks like and this is what you are supposed to to to help people resolve their money issues.

    Understand that I am coming from the perspective of being a lawyer. I was a lawyer for 20 years. I owned my own law firm for 14 years. However, in that profession, there were a lot of dos and don'ts.

    So I love my life now. I love the intellectual freedom that I have and guess what? It is very effective for my clients. They are seeing results and I feel very fulfilled.

    Thanks for writing about this timely issue.

  • Nezine says:

    Interesting read. But what is the security on working online? I mean yes bloggers blog and sell things but its not easy with all the competetion. So how long can it go on. We have to be constantly in touch with whats going on, have to be on the top.

    It is hard work no doubt … however, it has its perks. It is the way to go.

    For someone who is not onlnie yet, it might be a bit confusing.

  • Steve says:

    I agree that some of safety is not there when you work for yourself but the extra income can purchase the same security that a full-time provides.

  • Thanks People are close to the edge from the stresses of a 9 to 5 job.

  • Thanks People are close to the edge from the stresses of a 9 to 5 job.

  • Jeremy says:

    Self employment is definitely the way to go.

  • tammy says:

    wow finally someone with a similar mindset as me I sure needed this now im 100% sure that its ok to choose a different walk of life as long as you are smart about it

  • Leanne says:

    This is really powerful. I have been severely unhappy working 9 to 5s for almost a decade and am in the early planning stages to launch a freelance career — which I’ve dreamed of since I was in elementary school. Some people love the 9 to 5, mostly for the security, because they never think twice about it, and some like the corporate ladder. I’ve met such people. But it’s not for me. As a highly type A individual who thrives on merit, autonomy, and increasingly complex and challenging tasks all while having the freedom to live my life, it’s just not for me. It makes me sick to my stomach that I have to ask permission to be sick, visit family during the holidays, take a “breather” day. What kind of life is that?

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