Excellent column. Though I'm retired now, spent more than a decade in the gig economy (before it was called gig). Definitely agree with the take a walk or other exercise and regroup. Also agree that rejection can save you from bad clients who constantly move goalposts, or, are flaky about paying their bills.
I wasn't married, so had to cushion my environment. In my own case, I owned my home, which included a studio apartment and a guest house. When times were tight, I rented both. Mostly, I just rented the guesthouse. Rental income made my home revenue neutral. The rent was enough to pay the real estate taxes and utilities and some maintenance. At the time, my state offered the self employed affordable health insurance. So, it didn't take much income to maintain my health and buy food. A revenue neutral dwelling and affordable health care made uncertainty far less scary m
Christina, thanks for sharing. One of the best ways (still) for people to build wealth is to buy a two-flat or multi-unit building, live in one and rent out the rest. Glad that worked for you and happy retirement!!
Sounds wonderful. Aa a gig worker myself, I love this. How much does health insurance bite into earning as much as at a traditional job? Good luck with that.
Depends on how health insurance changes as a result of the current administration's new rules and tax laws. And, you're right, health insurance is a huge issue for gig workers.
Excellent column. Though I'm retired now, spent more than a decade in the gig economy (before it was called gig). Definitely agree with the take a walk or other exercise and regroup. Also agree that rejection can save you from bad clients who constantly move goalposts, or, are flaky about paying their bills.
I wasn't married, so had to cushion my environment. In my own case, I owned my home, which included a studio apartment and a guest house. When times were tight, I rented both. Mostly, I just rented the guesthouse. Rental income made my home revenue neutral. The rent was enough to pay the real estate taxes and utilities and some maintenance. At the time, my state offered the self employed affordable health insurance. So, it didn't take much income to maintain my health and buy food. A revenue neutral dwelling and affordable health care made uncertainty far less scary m
Christina, thanks for sharing. One of the best ways (still) for people to build wealth is to buy a two-flat or multi-unit building, live in one and rent out the rest. Glad that worked for you and happy retirement!!
Sounds wonderful. Aa a gig worker myself, I love this. How much does health insurance bite into earning as much as at a traditional job? Good luck with that.
Depends on how health insurance changes as a result of the current administration's new rules and tax laws. And, you're right, health insurance is a huge issue for gig workers.