The Crypto and Self Employment Fallacy

Unrefined thoughts:

Big business has been a frequent punching bag with the prevailing thought being that big businesses are corrupt. Wall Street is corrupt so we run to crypto. Businesses don’t pay me enough so I go out on my own because I can “be my own boss.”

Let’s take a look at a few of these:

Crypto– Down 67%, scam after scam, people have lost collective billions, so many coins, nobody knows what is what. Or you could invest in “corrupt” Wall Street, that creates average returns of 8-10% per year and is responsible for making middle class Americans a livable income in their retirement years (if they take advantage of it)

Self Employment- That big business that doesn’t pay you enough pays a portion of your payroll taxes, provides your health insurance, gives you paid time off, and contributes to your retirement. They also handle brining in the customers needed for you to earn your salary.

People ran to crypto because they didn’t want to do business with the big, corrupt banks but who owns the most crypto? Big banks and rich people.

You wish your company paid you more but when was the last time they lowered your salary because of economic conditions? That happens when you’re on your own and it will be years, if ever, before you make in your own business what you can make working for somebody.

Yes, I know that your story won’t be exactly as I’ve laid out but this is the story of the masses. I’m also not saying that you shouldn’t go after more and better.

Don’t make decisions based on what you THINK is reality. Reality is much more complex and you’re probably getting more benefit than what you’re noticing.