Self-Employment - Working for Yourself!

Self-employment is the other class of lineal income that will keep you working harder for your money, though an advantage of being self employed over just being employed is that you can make a lot more money at it.

Another way to look at this income class is owning your job. It is very similar to employment except that you are now working hard for yourself instead of someone else. You are still limited in your income potential based on time and ability to serve others. You also tend to put in more hours of work, whether it's something you like to do or not.

By owning your own job, you still fall into the same category as an employee because if you stop working, your income stops because you can no longer serve others. Most people with specialized skills fall into this category because they can better serve people with their specialty, but they still have to work in order to get paid.

Learn more about why self-employment is still not the best route to take toward building wealth.