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@mikespain86553 жыл бұрын
It isn't about the money long term. If you prefer being self employed, then that is the deciding factor. Many of these companies look attractive and appealing during the interviews. It's once you start working when reality hits.
@mirabella21543 жыл бұрын
Obviously he doesn't prefer being self employed if he is seriously considering taking this job. The other truth is: Self- employment isn't for everyone.
@ithinkigottalent40473 жыл бұрын
You got that right!!
@rickm60763 жыл бұрын
100 percent. ive been totally cowed during interviews and orientations
@johnmartin46412 жыл бұрын
Being self employed is a pipe dream because you’re totally on your own. No guaranteed salary/compensation, no bonus, no stock compensation, no pension, no 401k match, no paid vacation, have to pay for all of your health insurance, don’t get to split payroll taxes with your employer.
@edenk35002 жыл бұрын
@@johnmartin4641 if you do it right you don't have to pay payroll taxes at all.
@QuitYourCryin3 жыл бұрын
He's taking a huge pay cut to work for a less than thankful company. Not worth it. You're worth every dime your hands can earn you. You deserve that.
@drtij_dzienz3 жыл бұрын
They definitely won’t raise his pay in 3mo
@tommycoe23332 жыл бұрын
Less than thankful?
@ProdJamesCultz Жыл бұрын
Let’s remember the new tax bracket of 100k
@stevenporter8633 жыл бұрын
Self employment isn't for everyone despite what society says.
@TrollHunterxXx3 жыл бұрын
Which is why few people live a life of entrepreneurship. It’s extremely difficult and there is no safety net
@QuitYourCryin3 жыл бұрын
True, it's for the logical and disciplined.
@everydaybodybuilding22823 жыл бұрын
Im a self employed digital artist. 16 months ago I was making nothing and didn’t know if I would ever make it happen. By the end of 2021 I’m on track to gross nearly 200k and I’ve paid 70k of debt off this year. Be patient and persistent imo.
@NeccoWecco3 жыл бұрын
Good work!
@caffy654323 жыл бұрын
Interesting, what services do you offer as a digital artist? Are you on instagram?
@SweetArt360 Жыл бұрын
Wow! Congratulations, I hope I can say the same someday, hopefully not too long from now. ♥️
@TLOPassportBro3 ай бұрын
how are things going for you now?
@everydaybodybuilding22823 ай бұрын
@@TLOPassportBro works been good. Making good money. Bought a new construction house. Dream house. Then it fell apart a year ago. Wife had a mental break. Ended up in the pysch ward. Was never the same person after. Just finalized divorce. I have majority custody and did ok financially. Was insanely difficult emotionally. Hardest time of my life. Never saw it coming. Lost 60 pounds in 3 months because I could barely eat. Was depressed for the first time. Badly. Started therapy. Started reading the Bible. I’m doing good now. Works great. Love my daughter to pieces. Starting an exciting business venture with my twin in the design space. Will let ya know if we are rich next year lol. My house is for sale. I get all profit back out. Not dating yet. Been 9 months since. Gonna buy a better house next year. I’m motivated and not letting the suffering go to waste. Suns gonna rise tomorrow.
@georgeklimes76043 жыл бұрын
There are pros and cons with being self-employed. Though he is making more, he does have to pay all of his self-employment taxes and likely has to carry liability insurance. Working for someone, he pays less for social security and the like. The company likely carries the liability insurance. However, he will likely lose write-offs (vehicle repairs, gas, etc). He will likely get to sit at a desk rather than go through the physical abuse of his body. He needs to worry about a non-compete clause in case the job doesn't work out though. He likely will work less hours, which is a big deal to many. It's not like we have unlimited time on earth to enjoy life. Another big one, though, is taking vacations, kid-related things, etc. Being self-employed, you have more power to take vacations as many times and for as long as you want. Working for someone else, you get the 10-25 (if lucky) days off, and that's it. So taking a 4-6 week vacation is a non-starter for nearly all who work for others. You also can take time to see your kid's school play or watch your kid play sports during the work week. Though I made more in my "previous life" working for others, by working for myself, I got to watch my daughter grow up. I got to see her soccer and lacrosse games from middle school through college. I got to go to school events. I visited her lots of times when she was in college, and I can go anytime to see her now. There is no "rewind" on things like that. If you miss them, you never get a chance to make it up.
@girlygirl18902 жыл бұрын
@George Klimes. Wow. What an excellent comment for people who may have doubts. Very well said. You are a wise man. Thank you for your comment and Blessings.
@DemetriPanici3 жыл бұрын
I think being self employed can be an amazing thing but it’s hard work that’s for sure
@Thebootyrater3 жыл бұрын
He’s doubting himself. When your self employed, it’s scary because you always wonder “what if I run out of work” he needs to believe in himself.
@rickm60763 жыл бұрын
well he mentioned physical strain. 50 hours of manual labor is like 80 hours in an office. i know because ive done both too, and it sounds like he has in his past
@Teamshmo2 жыл бұрын
For sure. It also so much pain. A job iss o easy. Someone else decides all the work and all you gotta do is show up and get it done. He's probably just thinking how much easier life will be and looking for any escape from his current life.
@DeDona15 ай бұрын
I have learned that easier isn't always better. One thing that I didn't consider when I left being self-employed was how much I was going to stop using my brain. Sometimes I'm bored to tears on my job actually I'm usually bored to tears
@robertcurl60253 жыл бұрын
It is hard to work for someone else after owning your own business and it may take a long time to build the business back up if the job doesn't work out. Keep the business and try not to work too many eighty hour weeks.
@miketheyunggod25343 жыл бұрын
You never get rich working for someone else. It's not possible. Dave knows this. He doesn't tell you though. He started his own business. That's how he did it.
@cyclops91253 жыл бұрын
Ask fortune 500 executives if they are rich or not? You must make more than them.
@botticelli7283 жыл бұрын
I've been self-employed since 1996, and it's been a tough haul, but I can't imagine at this point going back to working for someone else. It sounds like this guy might be feeling some trepidation about that.
@epicjonny1552 жыл бұрын
What is your self employed job?
@botticelli7282 жыл бұрын
@@epicjonny155 Freelance book editor for a couple academic presses.
@jeanlenor18583 жыл бұрын
He s doing well for himself. He's just tired.
@gregadventures2024 Жыл бұрын
I know the feeling…
@sadieesther97213 жыл бұрын
$110 take home vs 80k before taxes in BOZEMAN. More money the better dude. Bozeman real estate is insane right now.
@nursep183 жыл бұрын
I was thinking that…Bozeman is crazy expensive!
@alexandrap.9613 жыл бұрын
Bozeman is nightmare now. 100k is not even enough to live in Bozeman.
@nightfangs29103 жыл бұрын
He needs to stay the course, and remember why he chose self employment years ago, it's not worth working for anyone else especially today
@salvador.2142 жыл бұрын
Depends on the industry yea?
@wesjimez29413 жыл бұрын
Remember you will work 80 hours a week for yourself before working 40 hour's for someone else.
@sabrinahernandez54253 жыл бұрын
Great call to listen too it was such a tug for the right decision. The caller is definitely doubting himself either choice.
@rickm60763 жыл бұрын
office work and manual labor arent comparable. 50 hours standing on dairy tile 12 hours per day lugging 100 pound equipment is like 85 hours in the office space. i know because ive done both
@OkieBoy30303 жыл бұрын
Imagine if Dave was hiring someone and offered a salary of $79k, they countered with $90k, then after agreeing on $84k the person came back and demanded $110k (31% higher). He would kick them to the curb and get that’s what he’s telling this guy to do.
@Griot-Guild3 жыл бұрын
You dont think hed pay them what their worth from the jump?
@drtij_dzienz3 жыл бұрын
@@Griot-Guild definitely not. Dave and a lot of “Christian companies “ underpay. They think less pay is OK if the culture is better
@xenn49852 жыл бұрын
@@drtij_dzienz what they're paid is what they're worth, it's that simple
@TerrellThinks2 жыл бұрын
Wisdom is irreplaceable
@Pack0443 жыл бұрын
I love how you both disagreed at the end because I feel they both are right answers. I personally would choose kens decision. He left that role before he may do it again because he never had a passion for the work he just claimed it was the atmosphere
@MyOzempicJourney3 жыл бұрын
He didn’t mention benefits. Health insurance must come into play.
@aolvaar87923 жыл бұрын
@@MicheleNichols2 I'm retired, my former employer pays $2400/mo healthcare premium + a $2K/mo pension for 20 years of service
@sheilarichardson66873 жыл бұрын
@@MicheleNichols2 i
@cathy78243 жыл бұрын
Carpentry is a lot harder physically than most understand. At first I thought why would you take less money to work for someone. I can completely understand why he's thinking about his body getting tired.
@JD78CN3 жыл бұрын
I would not accept that job and take a $65k pay cut. If you’re making $110k after tax, that’s more like $150k a year.
@margotk538 Жыл бұрын
I think the guy should try to work around his business situation and maybe look for another job that can pay closer to what he’s making right now. He might he able to hire some good apprentices who can take on the physical work that makes him tired and stay self employed.
@vanhoot22342 жыл бұрын
Why is it hard for them to understand that he struggles from his business standpoint to compete with the big big places and that would add too much stress to his life. I think he wants the other job... he just needs to try to argue in favor of less of a pay cut or a performance review within 12 months.
@hebrews11vs53 жыл бұрын
What great insights by Dave. He read that situation so well.
@djpuplex3 жыл бұрын
Dave Is naive. Companies don't just hand out money.
@NeccoWecco3 жыл бұрын
If they don't, then it's probably a good indication that they will be stingy in the future as well
@fyemusicplug64863 жыл бұрын
But remember the circumstance we’re in right now, there’s no workers… So companies are willing to do things they wouldn’t normally do.
@kevinproefrock48572 жыл бұрын
Most millionaire boomers are.
@marcenelj3 жыл бұрын
"Just ask them for $110k and they will give it to you".. lol.. Dave..or they might tell him "thank you, Sir." And they move to next person in line
@JustinCase7803 жыл бұрын
You missed the end of the call. Papa's negotiation advice is the way to go and then he will always know he made the best approach regardless of what he decides to do.
@KryptosChain3 жыл бұрын
*Being self employed, if doing what you enjoy is the best thing ever, it could give you more freedom*
@TrollHunterxXx3 жыл бұрын
Or it could do the opposite
@KryptosChain3 жыл бұрын
@@TrollHunterxXx - You're also right. But if you do something you truly enjoy, you could find more free time as well ;-) I'm referring more to the online businesses where there is flexibility
@crocus56328 ай бұрын
Working for a company being employed does not mean working less, especially when there is a shortage of staff. Also you might not get PTO ever, or not when you want it.
@user-lk7nb9fi3x2 жыл бұрын
Dave tells it like it is. Great content.
@willleslie27457 ай бұрын
If you are self employed you hold ALL the risk. So you must be earning at minimum $200,000 per year if you DONT even have any debts for that business.
@bradleymaravalli28512 жыл бұрын
$110K in Montana is a lot of money!
@acoustictreatmentservices99263 жыл бұрын
I like that they did not agree because this is the toughest question of all. I dream about not being self employed sometimes and I have a great business. It is very tough. If I had a family I would probably not do it anymore. I will gladly take the pay cut to decrease the stress
@NeccoWecco3 жыл бұрын
Your self employment is working as it is and you would have gotten out of it if you hated it. Refine what you do and find a way to make it easier or better so you don't have to work as hard. Dave had a good call. Do you give up your free will to work for someone else for less?
@TheDjcarter19663 жыл бұрын
Take the job...but do not bank on getting a big raise ask for more up front. All your future raises are based on the base salary, ask for the match but if it's a little less OK. If you already shook hands on the $84k let them know you would expect significant bumps after six months and then twelve months has long as everything takes off and is working well.
@thomask82983 жыл бұрын
Ken Coleman approaches every call the same way. "Stop. stop. What is your heart saying?? right now!" Dave, if you're reading this, I can do that too!
@ntme65062 жыл бұрын
Contract work for them. If they want you they will figure it out.
@COINsimp20243 жыл бұрын
Buddy, work for your self. It's messy out there.
@swim6103 жыл бұрын
Good advice Dave!
@daisydaisy103410 ай бұрын
My tax guy suggests I get a W2 job from now on so I won't have to pay for social security and medicare, etc.
@bodiewest92024 ай бұрын
110k for 1-2 houses per year? I’d keep doing that
@jeromehenry44843 жыл бұрын
It appears that the main factor pushing caller to accept the job offer with pay cut is his physical exhaustion. Caller sounds like a man in his early 30's, so if he is this tired I think he should go get a physical exam to see if he has an underlying medical condition that causes exhaustion, maybe low thyroid, etc. His $110K after taxes as SE is closer to $140K - $160K before taxes. Ken is correct, stay SE. Caller is doing better than he realizes. A construction company that previously specialized in homes, suddenly wants to shift to commercial buildings? Caller will be the fall guy (with a pay cut) when this doesn't end well. Why take the gamble with his career? Please listen to Ken on this one.
@sibongilethwala70803 жыл бұрын
He was head-hunted so sounds like he wasn't even looking for a job. Maybe if he looked he could get a better offer. He doesn't see his current company growing.
@Maniacsurvivor5 күн бұрын
Just ask for 110k instead of 84k, they will give it to you. Delusional advice. And they guy countered with 90 already. I wonder what happend.
@duanejackson67183 жыл бұрын
If he quits his self-employment situation it's tough to start over again, should he decide to go back to it.... Where is getting a job he could probably always go out and do that.... When I was younger and I closed my equipment repair shop and went to work at the dealership my life got significantly easier overnight, so there's that too.
@phileo53123 жыл бұрын
I admire Ram for using android devices, salute.
@kevinproefrock48572 жыл бұрын
Why did you delete my comment?
@buckybarnes38033 жыл бұрын
You forgot the obvious -- you call and tell them that you "received another offer" from another company for $120. If they say no then you say hasta la vista baby. Also The Grass Is Always Greener. That 90-day break in period is their excuse to say you know it just ain't working out there bud, and then they let you go.
@SUGAH922 жыл бұрын
Dave killed him
@fakeaccount40923 жыл бұрын
KEEP GOING!!!! Happy to help you, email me!!!
@morrcomedy3 жыл бұрын
Ken hates work from home so much.
@johnmirbach23383 жыл бұрын
😎👍👌✌🖖😁
@angelalaskodi34593 жыл бұрын
Everyone seemed to miss the point the caller said his current self-employment job is getting physically taxing. That's his big worry. He should restructure his current work situation and stay self-employed.
@JustinCase7803 жыл бұрын
Ken said the same by suggesting that he could lead other carpenters
@fyemusicplug64863 жыл бұрын
@@JustinCase780 exactly, he would take a pay cut but he’s already doing that. Plus it’d be less physically taxing and he continues to be self employed.
@gregorypeterson93 жыл бұрын
I agree they marginalized that part of the conversation. I owned a produce delivery business but after year 10 my body said No more , and although it was good money it wasn't enough to scale up and hire staff/crew.
@ChristinaOstil1152 жыл бұрын
@@JustinCase780 He wants to be with family more time.
@daisymae9133 жыл бұрын
Stay self employed! My your own boss!
@crizymind89253 жыл бұрын
The price of being self-employed is freedom. I learned how to value frugality and time.
@AntAnt3 жыл бұрын
what do you do?
@haveaday18126 ай бұрын
You are goddamn right. People don’t realize that true freedom is scary. You have to take control of your own life’s nobody is there to save you if you screw up. You have to have conviction in your values.
@macneoh74182 жыл бұрын
They are not going to give him $110K to start. If they do they will expect 80 hours a week and miracles from this guy.
@j.m0ney1333 жыл бұрын
Go with your heart and keep being your own boss.
@fhuber75073 жыл бұрын
There is a value to being your own boss. Lower income and a move... I'd stay self employed.
@rachelharrison79613 жыл бұрын
Since the new job is not in the same field as the SE (no non-compete issue) he could pick and choose SE projects and treat it like a weekend side gig.
@noobERNS_it3 жыл бұрын
That’s a good idea , I like your thinking.
@charismaticchia2 жыл бұрын
Exhausting.
@TrollHunterxXx3 жыл бұрын
Here’s the deal with entrepreneurship. You are always working for someone else … but with having your own thing … you dictate when you work. That’s pretty much it
@michelledawnharpist2 жыл бұрын
yeah .. unless you are independently wealthy you are always working for other people. im self employed but now don't have the option of saying when i work with my biggest client, and it all hinges on his mood. doesn't feel worth it now.
@TrollHunterxXx2 жыл бұрын
@@michelledawnharpist the key to that problem is … get more clients. Lead generation is so important! Take care
@daxisperry76443 жыл бұрын
Sounds like he needs to hire some carpenters to do more of the physical stuff. That way he can take a step back from that and spend more time really pushing for thos bigger contracts.
@1agaragedoorssacramento3 жыл бұрын
He needs to really sleep on this. This is a double edged sword. He needs to get more details out of a co on what exactly his position will consist of. Hours, time off, how far he needs to travel, pay raises, etc.. letting go of a $110k a year is also not the smartest.
@marknito25743 жыл бұрын
LIKE LIKE...I LOVE YOU 🎈🎈🎈
@MrRobcher3 жыл бұрын
If he is self employed and has a solid flow of money he should keep his job unless the new job gives more money. If the new company tells about potential it can also be bs as promises are easy to make but effective increases are not common
@Kevintendo2 жыл бұрын
Proud of Ken for “disagreeing” with Dave! Takes guts and heart to stick with what you think even when it’s directly opposed to Papa Dave 😆
@catchphillies3 жыл бұрын
Doesn’t understand the value of his business.
@CreativeCashflow13 жыл бұрын
We are living in a time where a few $100 and the right mindset can change your whole life. I don’t think there has ever been a time in history like this.
@gtelexuses3 жыл бұрын
What do you mean by this?
@dekkah20003 жыл бұрын
It can be the best, or the timing is off and you are underprepared, it can be the worst decision. Always make sure the decision is well seasoned in wisdom, not just passion.
@DaOriginalMurdah3 жыл бұрын
The pay has not gone up I'll tell you that. Workers don't get paid unless they are union.
@michaelweyenberg62383 жыл бұрын
Unless they change employers.
@shadygrady38192 жыл бұрын
It's the work that we avoid, and we're all self-employed We love to work at nothing all day
@Scarface_445Ай бұрын
It’s hard Dave, as a guy who works with this type of industry, I’ve seen many do huge lay offs, sell off, or even succumb to the market right now. Difficult industry to handle. He should 100% negotiate but if he wants to get out he should get out.
@astoldbynadia63102 жыл бұрын
I learn so much from these videos. Dave should write a business book!