$250,000 job — or — $100,000 self employment income?

[APIs]

IDK, it's not that cut & dry IMO. There can be no limit to potential earnings when self-employed. Main reason for me leaving corporate. It's 24/7 & I haven’t had a real vacation in over 5 years though. Still wouldn’t change a thing...

[JAB1]

ID work for boss. Actually Id need it the other way around. Once you add in health insurance, no 401kmatch, no paid time off, etc, you need to make more on your own to be apples to apples with working for someone else

[wmaousley]

250k and work for some other asshole is the road I would take; the stress of being married to your own business is terrible. You eat, sleep, breathe, and shlt business when you own it.

[Times Roman]

Would you rather work for yourself and make $100,000 — or — Work for a boss and make $250,000 ?

I'm going to take one more stab at this, as this is, I'm afraid, an apples to oranges comparison

1st.
Working for a boss is, overall, easier, than working for yourself.

The income comparison isn't right.

When you say $$250k/year working for a boss, that is probably a base salary, before taxes.

But working for yourself, the "gross" would be "gross receipts", and not net taxable income. Say you have a healthy 20% margin on your receipts, that would mean your taxable income (after deductions) would be around $20k/year.

so I think it would be more realistic if you said

$250k/year business for self, or...
$100k/year working for someone else.

To me, that makes better sense.

[wmaousley]

I'm going to take one more stab at this, as this is, I'm afraid, an apples to oranges comparison

1st.
Working for a boss is, overall, easier, than working for yourself.

The income comparison isn't right.

When you say $$250k/year working for a boss, that is probably a base salary, before taxes.

But working for yourself, the "gross" would be "gross receipts", and not net taxable income. Say you have a healthy 20% margin on your receipts, that would mean your taxable income (after deductions) would be around $20k/year.

so I think it would be more realistic if you said

$250k/year business for self, or...
$100k/year working for someone else.

To me, that makes better sense.

I agree, the way you wrote it makes the scenario more comparable; either way, 250K owning a business is still more of a pain in the ass. Office Rent, Staff overhead, IT Services, Electricity Bill, 401K, Medical Insurance, etc; 100K is far more appealing

[diesel101]

I agree, the way you wrote it makes the scenario more comparable; either way, 250K owning a business is still more of a pain in the ass. Office Rent, Staff overhead, IT Services, Electricity Bill, 401K, Medical Insurance, etc; 100K is far more appealing

Lets not forget the #1 pain in the a$$ Dealing with employees