I used to be big into the credit card points games. I loved flying first class and staying in luxury hotels for free or almost free (still do in fact, I just slowed down during COVID and adding a kid to the mix). I started doing this before I went 1099, but as a 1099, you have a big advantage.
The first is beneficial because you have access to much higher number of credit cards with sign up bonuses. For example, in addition to the personal Capital One Venture X card, you can sign up for the Venture X Business Card. Capital One Venture X Business Card (not an affiliate link) The second is because you can easily hit large minimum spend requirements in one shot. If you have to make $10,000 payments to the IRS each quarter, you can get one or two bonuses per quarter. If you have two credit cards that each require $5,000 in spend to get 75,000 points, you can charge the taxes to your credit for a 2% fee and not have to think about it again. 150,000 points at a minimum is worth $1,500, so paying $200 in fees (which you can deduct as a business expense) is worth it to get the points faster. If you're into saving money on hotels or traveling in style, going 1099 can accelerate your ability to do. If you're interested in learning how to get your first solo 1099 federal sub-contract, check out my book: |
Going 1099 is a book that teaches you how to become a solo federal sub-contractor and gain control of your working life, earn more money and unlock more free time. I wrote it because quite a few people have asked me how they can become a 1099. I figured it was best to write a single book that I can send them and that I can share with others who are interested. This newsletter goes out Monday - Friday and covers topics that will help you succeed in starting and maintaining successful 1099 career.
No risk, no reward!Source On occasion, a prime will have a vacancy on a contract that is ending in a relatively short time frame (under six months). These are opportunities for you if you're interested in going 1099. Many W2 employees are reluctant to join a contract at the end of its lifecycle because it means they may get laid off if the prime can't find another position for them. The prime may also be reluctant because they might not be confident in being able to place an employee if the...
An angry sub-contractor when his employee gets poachedSource On one of the sub-contracts my company is on, I learned an interesting detail about how the prime handles candidate submissions from companies that are teammates on the same contract. Say my company, Custom Analysis, is on the contract and Raytheon is on the contract. We are both subs to Booz Allen (these are all hypothetical). I find a great person for the position who is a current Raytheon employee and submit him for an open...
ConsultingHumor @ConsultingHumor when the deliverable has no real analysis but is very well formatted 12:0 PM • May 9, 2024 59 Retweets 397 Likes Read 13 replies There's a joke about consulting that goes "50% of the work we do as consultants is useful. We just don't know which 50%." As an aspiring 1099, you may be wondering what work you can do that will help you get your first gig. In my book, I tell you that working on a nice website is a waste of time. So are most big networking...