But working for yourself involves more personal decisions, greater risks and depending upon your business structure, greater personal liability.
And if you're making this decision based simply on cost alone, this is the question you need to answer, ‘What could possibly go wrong?’
Job losses for some, reduced work hours for others, still others forced into early retirement - ready or not - many small businesses surviving one month at a time and families trying to make sense of lockdowns and restrictions - it’s safe to say there will be many COVID-19 flow on effects yet unseen.
We’ll all need to work through in some way.
When it comes to managing our personal debts and credit cards, savings and investing, many people are quick to look for a sequence of simple steps to follow (or a three minute blog to read) to achieve what can usually be a complex outcome.
If a fast solution isn’t found, ‘it's obviously the wrong option’ so we quickly browse on elsewhere looking for that dopamine hit of ‘New’ and never really get to where we need to go.
Like most long term plans, building a self sustaining business takes time; time to mature, time to stabilise in the market and time to return the capital invested.
To achieve this, the majority of business owners use debt and overdraft facilities as an ongoing business tool.
And these types of tools can quickly work against you and your family if you're unprepared.
Your superannuation is your forced savings for your retirement, so it’s important to understand these two key features: