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In personal finance, there is a difference between active investing and passive investing.
\nActive 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.
\nPassive investing means putting your money into things like index funds. You basically just buy and hold and try to get normal market returns.
\nPassive investing is the smart move with your personal finances. There are very few active investors that can consistently beat the market.
\nHowever, 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.
\nIf 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.
\nGoing 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.
\nIn personal finance, be a passive investor.
\nWith your 1099 career, be an active investor.
\nIf you're interested in learning how to get your first solo 1099 federal sub-contract, check out my book:
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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: |
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.
Hi all, I've enjoyed writing this newsletter for over a year now, but I've decided to take a hiatus for the time being. There is an extensive archive if you'd like to go back and read the previous ones. As always, if you have 1099 questions, feel free to ping me via e-mail at dale@1099fedhub.com. Good luck to you all! -Dale If you're interested in learning how to get your first solo 1099 federal sub-contract, check out my book: Going 1099: How to become a solo federal sub-contractor and gain...
Your client when you tell them no "That won't work" is the worst thing you can say to the client when they suggest an approach or solution to something. No one likes being told no, especially clients, and especially by their contractors. Instead of saying "that won't work," you should 1) Acknowledge their approach as one way to do that, 2) Suggest two or three alternate approaches along with your reasoning, and 3) Recommend one of them and say why This feels less "hostile" and gives the...
Being a people person makes you a target for PIPsSource The WSJ had a great article about how companies use "Performance Improvement Plans" or PIPs as a pretext for firing people. The Most Hated Way of Firing Someone Is More Popular Than Ever. It’s the Age of the PIP. -- In the messy business of getting rid of employees, the PIP is having a moment. A performance improvement plan is usually a list of tough-to-achieve goals to be completed within 30 to 90 days. Can’t shape up? You’re out. The...