The Highs and Lows of Self-Employment

For some people, freelancing is synonymous with freedom, but there is a lot of instability that comes with the gig economy. On this episode of Good Money, we get you started on the path to self-employment, covering some of the advantages and pitfalls you'll face along the way.

QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more.

Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.

Visit our partner channel QuickTake News for breaking global news and insight in an instant.

[olzt]

There is no employer that is going to treat you better or pay you better than yourself.

[nanoklipse]

Great job. YouTube needs more informal and educational material not designed for kids. Keep it up 👍

[randomcharacter]

The gig economy is a sham. It's just corporations who pay way less than what a job is worth while calling their employees contractors so they don't have to pay overhead. All in hopes of one day entering into an IPO. It's one thing to start a small business that has the potential to scale, another to get duped into owning a business that pays just over minimum wage.

[FirstNameLastName-ktzn]

"Gig economy" and "side hustle" are merely euphemisms for economic insecurity.

[donnete]

Lmao... it ends with the host stating, "I'm gonna go back and beg for my cushy staff job"

[ProMediaHub]

Wrong captions. Probably the freelancer’s fault! 😂😂

[enjoy-lyzw]

Do whatever you want . Your company will fire you anyday

[antevski]

Happy for the new series, keep the episodes coming 🙏

[tubeification]

The GIg economy is a scam. I would not recommend being Uber driver to anyone. Uber just takes advantage of you and the money sucks!

[ZacharyLaid]

Freelancers need to save for their own retirement and manage their taxes.

[digitalmarketing]

Freelancer Checklist: 3:26

Manage tax burden
Pay for your own health insurance + benefits
Save for retirement

[willgaukler]

There are no reasons to be loyal to a company as they hire for that job only when it’s done you are too... no more twenty years and retire...I smell. Real Troubles thirty years from now...everyone will be homeless, unemployed, starving in their lives...being old just got better tho...

[barryhampton]

Can this video be made longer and expanded? It’s great info but so short

[XavierZara]

Quartz, the captions for this video has been replaced with those used in "No, renting isn't throwing away your money"

[TheAstronomyDude]

I graduated Schulich with a BBA; couldn't get an interview. I finished the CFA exams; still couldn't get an interview. So I've been forced to freelance for the passed eight years. Self-employment is rarely a choice in North America.

[g.leegander]

How about some savings for emergencies and to get you through slack times because income will likely be up and down at first. What is your business plan?

[chatnoir]

2:16 "you are a business owner" - bullshit. You are a "craftsman". If you stop working or go to vacation - your income stops.
Business means an adjusted system that can work without you.

[htgwwwc]

Give my money and my tuition back I spent in...!!!:)))) I will check everything before running my business.... Because I am not a Genius!!!:)))

[whoscottgreen]

This dude is cool, but the stache is cooler

[ruby]

Why does this guy sound like if Gus Johnson was a corporate boy