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Originally Posted by Acting Like Godot  Not always, these days.
Eg consider a person who works his way up and becomes the CEO of a listed MNC. The listed MNC isn't owned by any single "self-employed" person. Instead the MNC is owned by the tens of thousands of shareholders who hold the shares of the listed MNC. |
Those share holders are partially self-employed when they own a part of shares and there is always a founder
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But who says salaried employees can't have passive income?
I have passive income. It comes from my investment portfolio. I get a little advertising income from a blog of mine. I've written a book and collect some royalties there. My second property is still under construction, but when it's ready, I'll move there and collect money by renting out my current home. Etc.
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You're already a partial self-employed with variable income then, don't call yourself just a weakling salaried.
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I like fun, freedom, pottential, satisfaction, growth and challenge too.
What I am pointing out is that neither being an employee nor being self-employed necessarily guarantees or prevents any of that.
And self-employment can often work out to be a worse trap. Why?
You see, if you're an employee, you can walk out anytime, by tendering your resignation letters. 30 days later, you pack your coffee mug and your pencil holder, you take your skills and experience, and you're off to do whatever else you want to do next.
But if you're self-employed, typically you would have sunk your capital into some fixed assets which are not that liquid and not that disposable (eg factory equipment, or a printing press, or a computer server, or several hundred dishes and plates for your restaurant business). You might also have entered into some longer-term arrangements (eg a 2-year rental agreement).
You can't just say, "I quit" and walk away in 30 days.
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You can sell the heck of a company and move or just liquidate everything
No need to even give a notice to anyone!
You get money when you quit!
When you quit in job, you get nothing no matter how many years you worked.
You're very actively defending salaried, did steve's post struck a cord
Regards,
Dhaval