Yeah, I agree with self employment having a higher income ceiling. For some it’s great. Not for me though.
There are a few issues pushing me away from it.
1.) Most new businesses fail
2.) At least for tech, to get a startup off the ground you’d need to work 60-80 hour weeks. I’m just not interested in doing that and it violates my WLB
3.) If I just work a regular job I retain the ability to clock out, close the laptop and go home. At my job, if something breaks outside of 8-4 it’s not my problem. I’ll look on Monday. But if I’m trying to run a business, EVERYTHING is my problem.
That’s just me though. For someone really passionate about their work, these downsides might not even matter.
1 and 2 mostly applies to starting a restaurant which is one of the most retarded businesses you could start. There's no reason self-employment should
require grueling hours to be successful. Almost all the "self made" people who claim that are full of shvt imo.
That said, i'd much rather bust my ass for myself than for an employer. And to your last point, that's entirely on you and depends entirely on the business, and I'd say that luxury certainly does not apply as often in traditional employment nowadays, where you're expected to be available and "flexible" constantly. Almost jobs I've worked are the type where if you go on vacation, you have to play "catch up" when you get back, which i absolutely hate.
I’m actually going to take the opposite view. I would take the job that pays you the best and gives you the best benefits. The only point of the job is to give you the means to live the lifestyle you desire. So, the job serves the lifestyle.
Yes, but part of a lifestyle includes things like sleep, stress levels, fulfillment, socialization, energy levels, and
FREE TIME. Jobs heavily impact all of that, and in return all they really do is provide a certain economic standard of living - your income is just one component of your lifestyle, a big component, sure, but if it comes at the cost of many other things, I don't see it as a worthwhile tradeoff.
I think a job is a means to an end and nothing more. It gives you options and a safety net to pursue your dreams. So in this way a job is a temporary thing that you hold to maintain the "status quo" while you work on a side hustle, then straight up quit once you've saved a bit or made significant progress on it.
Unless your job pays so exceedingly well that you can retire by 45, OR is genuinely fulfilling to you, it's simply not worth slaving over. Sure, at some point a holding traditional job is a necessary evil for most people (a man's gotta eat), but ultimately you're trading such a significant portion of your life for something that you don't want to be doing and it seems self-evident to me why it's not worthwhile in most cases.