Written by Karen Bryan
The majority of people earn their income as employees, working for a company/organisation; yet there is so much positivity about being self employed in personal finance blogs. Lots of blog posts seem to be about quitting the cubicle, rather than getting the most from it.
There are blogs about generating income from investing in the stock market, but that’s carries a fair amount of risk.
There’s certainly plenty of hype about making money blogging (often from bloggers selling ebooks/courses on the topic). I try to be more realistic about being a blogger. You’re still going to be sitting at desk working for hours a day; will it really be that different from the day job? Yes, you’ll have more flexibility over which hours which you work and the potential to earn more money but you’ll have the uncertainty of how much you’ll earn at the end of the month.
Maybe it would be more useful to readers of personal finance blogs to have a some focus on how to succeed as an employee; highlighting the benefits of a guaranteed income, sick pay, holiday pay and employer contributions to your pension.
Now, I’m not suggesting that you should stick with a job that you absolutely hate. But conversely it may not be a wise move to fall for all the hype, chuck in a perfectly good job and up in dire financial straits.
Yes, I know I’m being a bit pessimistic here, but at the same time not everyone can set up a successful business.
In my opinion, there’s too much talk about the pros of self employment and not enough about the cons. I’d like to see a more balanced presentation of the advantages and disadvantages of self employment on personal finance blogs.