Financial Advice Plz?
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?
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?
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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.
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.
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Amanda
"People know me."
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
Amanda
"People know me."
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
!.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.
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.
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.
If it was me, I'd take option B while looking for something more stable.
__________________
Amanda
"People know me."
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
Amanda
"People know me."
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
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.
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.



