Remove who-says-you-have-to-retire-not-me
article thumbnail

Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Sure, it sounds fabulous – be selective about which jobs you take, have a flexible schedule, escape office politics, make really good money – but it definitely has some drawbacks. Money management · Cash flow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies.

Cash Flow 370
article thumbnail

Why Friends Don't Let Friends W-2

Successful Independent Consulting

being paid on a 1099 tax basis as a business instead of on a W-2 tax basis like a temp worker makes a huge difference to your profitability for two key reasons: You pay less tax. You save more for retirement. The real ticket to tax savings was the contribution to my SEP small business retirement account. In the U.S.,

Agile 265
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leadership Tip 17: Consciously Choose How You Optimize the Salary Money

Johanna Rothman

He didn't have enough money to pay the salaries he thought everyone deserved. But Tim didn't have a large-enough pot of money to give them the raises Tim thought they deserved. But Tim didn't have a large-enough pot of money to give them the raises Tim thought they deserved. What options did Tim have? New Information.

article thumbnail

How I Became a Millionaire as an Independent Consultant

Successful Independent Consulting

Recently I logged into my retirement accounts and was surprised (and pleased!) Yet my bank account says I’m a millionaire. To me, having a million bucks in retirement savings is only one part of my total wealth. I also have a comfortable home, I’m healthy, and I have terrific relationships with family and friends.

article thumbnail

Fight Ageism, Fuel Growth with Inclusive Hiring & Retention

Harmonious Workplaces

Age Bias Hurts Your Business I’ll just say it, “Job hunting sucks!” I allowed my typical goatee to return, and, on the first meeting with the team, this individual grimaced and said they didn’t remember me having a beard and that it made me look very old. Wish you all the best! Sorry I couldn’t be of more help.

article thumbnail

How to Approach the Layoff Conversation with Respect and Congruence, Part 2

Johanna Rothman

Do you know what to say when it's time to lay people off? The first time I had to lay someone off, I had no idea what to say. However, if you have a reasonable context, you (or HR and you) can create a script you can use to make a layoff a respectful and relatively kind experience.

How To 99
article thumbnail

How to Create Breakthrough Success without Burnout: Interview with Rachelle Stone

Consulting Matters

I’m super excited to have an opportunity to interview Rachelle Stone, one of my favorite Consultant Institute members, almost graduate. Rachelle Stone : Thank you. So, why don’t we go back in time and tell me a little bit about you. So, what was it that got you over the edge? Rachelle, welcome.