We all want and need money to live the life we want. Money takes many forms. Contractors are aware of ‘active’ earning of money. You work on a project, the project is done and you get paid. You actively did something. As you get busier, you hire employees or subs who you pay out of your share of the money.
The problems for contractors are:
- You are trading time for money- if you don’t work you don’t get paid.
- You have to invest a lot of time and/or money to turn a profit- you have big investments of both time and money.
- You are taking a financial risk with every job you do.
- Manual labor will wear your body down.
- You have a very limited scale and no ‘passive’ earning of money.