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.
Active vs. Passive Investing
In personal finance, there is a difference between active investing and passive investing. Active investing involves looking for the next great investment to trade or buy. You research companies, analyze the data, and then buy or sell based on your findings. You are trying to beat what you can get from the broader stock market. Passive investing means putting your money into things like index funds. You basically just buy and hold and try to get normal market returns. Passive investing is the smart move with your personal finances. There are very few active investors that can consistently beat the market. However, with your career, you want to be an active investor. This is because there are concrete things you can do to juice your returns. You can choose a high paying industry, improve your skills, negotiate salary, etc. If you are passive, and just take a job because it's fine and then just hope for raises and promotions, you will get sub-optimal returns. Going 1099 is like active investing. It forces you to do things to improve your return on investment. You can beat a passive career strategy many times over with some effort. In personal finance, be a passive investor. With your 1099 career, be an active investor. If you're interested in learning how to get your first solo 1099 federal sub-contract, check out my book: |
I'm Dale, the author of Going 1099
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.
If you are friends with Maverick, maybe he'll tell you about his MIG encounterSource One of the primes I work with has a director that is good friends with the client. The client feeds information about problems or issues back to the prime before it gets escalated, allowing them to prepare for or address it before hand. Is this shady? No. These are the informal channels of communication you can open up if you have good relationships. I only know about this because I met with the prime program...
Okay maybe Google's cafeteria is a nice perk of W2 life....Source One of the reasons you can earn more money as a 1099 than as a W2 employee is because your personal cost structure are likely way lower than a company's cost structure. As a 1099, you don't need a fancy office, an HR person or middle management, a company Christmas party, boring annual trainings, or free coffee. Okay free coffee is nice, scratch that. But this infrastructure costs money, and while a larger company may need it,...
Me enjoying the workplace dramaSource I just met with a friend who is a deputy PM for a contract. He mentioned some drama with a few of his employees on the contract (HR complaint, desire for recognition, etc.). These employees give him headaches, even though the work is acceptable. He said if they would just do their work and keep their head down everything would be fine. You, as an aspiring 1099, could have an advantage if you're known for simply being a quiet professional. If you just do...