W-2 employees can still have an entrepreneurial mindset, right?
In this episode, Trishul and Aaron examine mechanical differences between W-2 employees and self-employed individuals, including contractors. While W-2 employees get several benefit-related decisions made for them, they also have to take the employer's choices. A psychological growth mindset can help. Do you prefer "Entrepreneur's GET to figure everything out for themselves" or "Entrepreneurs HAVE to figure out everything for themselves"? The world may be moving towards the latter whether you like it or not.
Episode References
MMS #129: Ideal day, week...and societal expectations?
Motley Fool: 1099 vs W-2
Forbes: W-2 vs 1099
Neil deGrasse Tyson: Let the kid grab the egg
Quickbooks: 1099 vs W-2
Kitces: S-Corp reduces self-employment taxes
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.