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Tag Archives: being self employed

Don’t Forget the Financial Costs of Working from Home

Don't forget about the financial costs of working from home

  Having a job where you can be your own boss, work the hours you want, stay home, work in your pj’s (if you want to), etc., sounds like to a dream job to lots of people. Who wouldn’t love to escape the commute to and from work? No more being stuck in a bus or train beside someone who’s sick and coughing all over you. No more traffic or weather to fight each day, costing you precious hours and minutes you could be doing something else. Working from home may sound like a dream job, and in many cases, it is. But there are downsides to working from home too. One of which is the financial costs of working from home when you are self employed. Before you consider leaving your current job to go it alone, make sure you weigh the financial costs of working from home. Taxes It’s easy to forget about paying Uncle Sam his share of your earnings when everything comes off the top and is calculated for you by your employer before you get your take home pay each pay period. However, it’s not as easy to forget when you have to calculate and ...

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Why I Quit My Job to be Self Employed

Hey everyone! If you saw today’s post title and thought to yourself, “What the heck? I thought Kim just said she quit being self employed to go back to a traditional job?!” rest assured you are not going crazy. (At least no crazier than the rest of us!) 🙂 Kim did indeed decide to go back to a more traditional job, and thus she also decided to give up blogging here at Eyes On the Dollar on a regular basis. I’m still hopeful that we’ll hear from her on occasion so she can fill us in on her life happenings. In the mean time, I’ve got some pretty big shoes to fill. Who am I? Yes, I suppose it is time for an introduction of sorts. I’m Kayla and I blog over at ShoeaholicNoMore.com. When I heard of Kim’s decision to take a backseat role over her at Eyes on the Dollar, I was honored to be offered a chance to add my voice to the site to continue sharing knowledge of money and personal finance with all of Kim’s readers. To start things off this week, I just wanted to give you a bit of a backstory on me, ...

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Things People Don’t Always Tell You About Being Self Employed

challenges of being your own boss

I’ve been my own boss for all but three of the 16 years of my professional career. I don’t regret it for one minute, but there are lots of thing people don’t tell you being self employed. Yes, you get to call the shots, set your own hours, and the sky is the limit as to how much income you’re able to earn. There are also some more challenging aspects to consider before pulling the plug on your day job. Health Care is Probably Worse Than You Thought I really hoped the Affordable Care Act, otherwise known as Obamacare, would fix the last hurdle that keeps many people working in jobs they despise. Who doesn’t know someone who stays in a job solely for the benefits? I know that for many lower income workers, Obamacare has been a blessing, but for just as many it’s been a curse. I had a long conversation with my insurance agent last week to try and feel out the overall climate now that the ACA is in full swing. He confirmed what I suspected, at least in Colorado. Yes, Obamacare has helped tons of people enroll in insurance, most of them being people who ...

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