Originally Posted by
BNGBoogie
Thinking about going full time so I am reading as much as i can on this forum and learning a lot.
Hello and welcome.
Before making the plunge to full time consider:
- There is no health coverage (unless you purchase it yourself)
- There is no retirement fund (unless you set it aside yourself)*
- There is no vacation pay
- There are no personal days
* Note: You could wind up losing some or all of your current retirement pension, if you currently have a plan in place with your current employer. Depends on how it's set up and how long you go without making a contribution to it.
Not trying to be Mr. Negative, but these are some things you have to consider before making the plunge from holding a job to going self-employed. Yeah, it was an easier decision for me because I was already unemployed at the time, and at an age where it's tough to compete in the job-seeking market.
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