The other day I was taking a walk with my wife and daughter around our neighborhood and we ran into one of my daughter's daycare classmates and her parents at a playground. They started playing and we chatted with the parents for a while. We learned they lived right next to this playground in a $3 million dollar house we saw being built over the last few years. By contrast, my wife and I rent a tiny 2 bedroom houses for $3,250/month and are probably priced out of buying a single family home in our neighborhood. Occasionally I envy the families that are able to buy these expensive houses. If only I were more successful or chosen a more lucrative career path, we could have one of these super nice houses! But, this particular couple have demanding careers. The husband works at the White House doing something important and the wife is a full time lawyer. I, on the other hand, will go home early on a random Thursday afternoon to take a nap or read a book. My stress levels are generally low. Going 1099 allowed me to earn more money without working like crazy and afforded me the opportunity to control my schedule. If you're reading this newsletter, you probably have some sort of intimation of what you want your career and life to look like. Otherwise, you wouldn't be interested in going 1099! But it's easy to get distracted from what you want by seeing what other people have. You'll question yourself and wonder if you made the right career choices. Those insecurities never completely go away, but I suggest you do two things: First, keep your eyes on your own paper. Focus on only what you can control and how you want to live your own life. Second, take a nap. Everything feels better after a nap. 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.
What parenting your client looks like sometimesSource I'm reading a parenting book by the popular Dr. Becky called "Good Inside: A Guide to Becoming the Parent You Want." The core idea is that there are no bad kids, and that trying to manage kids' behavior without addressing the reason why they're behaving in a certain way leads to all sorts of problems. In the book, she emphasizes that it is critical to validate your child's feelings and be in it with them without judgement. "One thing we...
Hardball negotiations....Source On of our projects, the government client wanted to bring on one of our current employees. No problem, we submitted a high but fair billable rate to the prime PM. This rate is just a bit below what my partner bills and is in the same LCAT. The prime sent back a low-ball call counter that was 30% lower. What my partner did at this point was to text the government client and update him on the situation. The client said that in these situations the prime usually...
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...