Financial Advice Plz?

[Sippi]

Well I'm am about 6 days away from turning 21 and I am unemployed rite now and while looking for jobs I found two jobs. One is ok and will pay the bills the other sounds to good to be true.

So job A. Is a shampoo bottling company that pays 8.35 an hour and promises 40+ hours a week. Day shift.

And job B is tha to good to be true there has to be a catch that i am missin plz help?

Job B - A carpet cleaning service who trains u and supplies the tools job and everything else except a vehicle. He gives u jobs and u take 35% of ur total for the day. (Ex. 750 < 35% = like 250-260 for the day)

But I'm pretty much an independent contractor from wat my mother tells me she says not to do this cuz I will get screwed on taxes cuz I'll be the one responsible. If I am gonna take this job couldn't I just keep all my receipt(sp?) organized take it to H&R block and let them do it? Wat are the down sides to job B? These are my job choices as of rite now and not sure which one to take?


Opinions are welcome of course I'm just wondering how much of a headache this is gonna be? Plz help?

[Ford DNA]

No offense, but your mom is confused.

Just save your pay stubs and have someone do the work for you. Make sure you are putting money away throughout the year for this.

You'll also need to pay into Social Security.

The thing about independent contractor work is that you have no employee rights since you are technically not an employee. Nothing is guaranteed.

If I'm missing anything, hopefully someone else will chime in. I've only done independent contract work a few hours a week, typically one time jobs.

[shinysideup]

!.On "B" you will have higher taxes and have to pay all your soc sec/medicare yourself(on a job empl pays 50%)
2>You will pay estimated taxes quarterly in advance to uncle sam. You dont get to wait till end and holds it all(penalties!)
3.You are not being guaranteed hours and your paycheck will be erratic.
My advice to you is take "A" and learn some things.

Better yet, learn a TRADE like your uncle Pat said. Start at the bottom as a plumber/electrician etc,not at a shampoo manufacturer. You will always find work wherever you my roam.

[91Notch]

But 8.35 an hour? Can you really make a living off that. I mean after taxes and shit take home would probably only be about 250.00 a week.

[shinysideup]

He lives with Mom.

[Ford DNA]

If you can even MAKE IT with $8/hr, you'll never get ahead.

If it was me, I'd take option B while looking for something more stable.

[Ford DNA]

Originally Posted by shinysideup

He lives with Mom.

For $8/hr, he'll have to live with mom.

[95coBraSVT]

I am all for learning a trade also. Long ago, I learned how to weld. I was a certified welder for about 10 years, maybe more. I forget now. But anyway, my point is this: When I moved here to Floriduh, I couldn't find a job managing apartments. Thats what I had been doing for the last 8 years, and I figured it should have been easy. Not so. As my funds grew smaller and smaller, I opened my own business. A karate school. Well, it did ok fo rthe first 1st year, but the 2nd year it floundered due to being opened in an area that was not very populated. So I moved it. In the interum, I had to find regular work, and McDonalds wouldn't cut it. So I went back to what made me money in the past. Welding. Now, for me, welding can be deadly as I found out a few years ago when I had a full lung collapse. I kept welding and had another collapse, which ended my welding career. I haven't had a partial or full collapse since getting out of welding. But I did it for a short while. About 3 months here in Floriduh, until I found a better paying job where I could work smarter, and not harder. A skilled worker will always have work when they need it. Cleaning carpets is not a good market to be in IN MY OPINION. Far too competitive, and even thought he company says they will provide you the tools, the carpet cleaner IS the tool! And they don't provide you the vehicle? Well, how do you propose to get that carpet cleaner around? I had my carpets cleaned by someone with a cleaner that was loaded into their minivan once. Not mounted, but a portable unit just loaded in there. Never again. NEVER! I will only pay someone to clean my carpets if they have a van MOUNTED carpet cleaner.

My advise: Get a job doing ANYTHING that is not paid on commission. A job that any idiot could do. Then go to night school or trade school and learn a trade. Then get into a union. Then sit around while the laborors do all the real work and get paid twice as much.

[limegreenneon]

Originally Posted by Ford DNA

For $8/hr, he'll have to live with mom.

And i know what that's like

[91Notch]

Originally Posted by limegreenneon

And i know what that's like

I think we all have been in that position sometime in our life right?

[Ford DNA]

I loved living with my mom!! Hell we even worked together. It was awesome!

[Sippi]

Yes I live with mom
Yes 250 a week would pay my bills but would stretch me so tite I could shit a diamond!
And i know a trade i've been in plumbing a year but nobody is hiring rite now once I lost my job I went to at least 15 plumbing services and nobodys hiring!!!!

[**CHRIS**]

My advice is to take job A for now and in your spare time look for something better like plumbing jobs.

Try Billy the Sunshine Plumbers, they are always hiring I think.

The obvious drawbacks to job B are:

1: You'll need your own vehicle, which will need maint. (brake jobs, oil changes, bigger issues) and they will not care how far they send you.

2: Gas money will come out of your pocket, not theirs.. and at $3.30 a gallon and rising for regular unleaded well you do the math.

3: The taxes thing Shiny Upside already mentioned. Being a sub-contractor means you are responsible for paying your own taxes, health care, dental plan all of that.

4: All of the above things cost money, so while it looks good on paper, after the expenses, you might be making less than the shampoo job.

I could go on but why? The shampoo job is offering 40 hours a week, that makes you a full-time employee and they are required by law to give you benefits. Plus, you won't be wearing out and ruining a personal vehicle that you own.

Good luck with whatever choice you make and realize that there aren't too many guys your age raking in huge paychecks...all of that comes in time and with knowledge.

[Ford DNA]

Originally Posted by Sippi

Yes I live with mom
Yes 250 a week would pay my bills but would stretch me so tite I could shit a diamond!
And i know a trade i've been in plumbing a year but nobody is hiring rite now once I lost my job I went to at least 15 plumbing services and nobodys hiring!!!!

Go union, dude! My dad, his brothers, and my brother are all members of Local 123, Plumbers and Pipefitters. It's fairly clean work - no going in houses and fixing toilets or draining septic tanks. It's nearly all pipefitting. Glue pipes together. My brother just took off out to Vegas for 3 months to make $34/hr plus $3/hr vacation pay. I can remember my dad having $800 cleared on his paychecks like 15 years ago. It's decent money. Sometimes long work weeks, and some lulls between jobs, but if you are responsible with your money, you'll be fine.

[Ford DNA]

Chris, I've never heard of such a law.