Self-Employed vs. just Employed,,,which is better and why?

My brother is self employed and all his money goes right back into his business. In fact, his wife needs to work full-time so they have extra spending money.

Hmm, see I THINK a lot of that depends on 1) the business type, 2) the business model, 3) the management of the business. What kind of business is your brother in? What kind of backgroudn does he have in business management? If you don't mind me asking.

What about time with family or time for yourself? I was thinking with other empoloyment it might be easier to schedule family outings and the like becasue it si a more set schedule. What do you do? How do you arrange your schedule? Thanks for the answers. They will really help us when the time comes for making a decision.

How long have you been self-employed? Could you better cover your own health plan and retirement in a different kind of self-employment? What do you do? What about fluctuations in the market? Thank you for the response. Each answer will help a lot when we sit down to plan. Right now I am in favour of self-employment and my husband is firmly against it, so we need to make sure we have all the facts for both sided.

I meant I am employed and don't have to worry about things like Health insurance and retirement benefits because my employer provides those for me.

Ahhh, I see. *nods* You also could get benefits (depending on the job) like vision, dental, and tuition reimbursement. Definitely something to take into consideration.

I have a friend I worked with in Austin to get his ebay business up and running. He makes okay money and gets to set his own schedule so it isn't half bad. Again though the drawbacks are no benefits.