When people leave a job and say that they're “going in business for themselves, " it is often assumed that they simply can't find another job and are trying to make it on their own as an act of desperation. But the facts say that nothing could be further from the truth.
Scott Hodge, the president of The Tax Foundation, has written a very interesting report on the subject…
Here are some of the key points…
There are only four ways to receive income. You can receive it as an employee. You can receive it as a self-employed person. You can receive it as a business owner. And/or you can receive it as an investor.
The problem with earning income as an employee or a self-employed person is that you're exchanging your services for money. If you don't work, you don't get paid. But as a business owner and an investor you can build up passive income - money that comes in whether you work or not.
It sounds to me like starting a small business is not an act of desperation. Far from it. It's more like a revolution, and one of the best ways to become financially free.
Larry Holmes invites you to visit http://www.smart-money-report.com/ Your common sense guide for financial and investment success.