Karl,
If you could survive on the DJ income, stop for a minute and ask yourself, are you putting in 40 hours or more to get to that amount? If not, think in terms of if you did. More than likely you could double or triple your income, add your wife as a partner and generate more business and have enough funds to take care of the whole family. Think also in terms of the benefits. Mom can spend more time with the children and you etc.
Rick Ryan,
Based on all the gigs you say you get, if you are not making a lot of money from your DJ business it is either that you are not charging enough or you have a lot of overhead/expenses or not telling the truth. You should be making a whole heck of money with all that fancy setup and video that you provide. Many times you are talking about having the second rig out which means extra money on a particular night. I was expecting you to be making in the neighborhood of about$80K - $100K per annum. To me it just does not add up based on your posts. Just saying!
Guess maybe you want to retire in five years, Who knows!
Steve,
What Do You call Benefits? Vacation, Sick Pay, Health and Life Insurance, Bonuses etc.? Do you presently get all this for free? Are you telling me you have no deductions from your paycheck?
Self employed can have these same so called benefits. If the self employed chooses to pay in to it, then it will be there when the time comes. Putting aside a mere $50.00 per week from your gigs will give you $2,500.00 to use for two weeks as vacation money. Do the same for all the other items, Health Insurance etc and you have everything that Employees get, The biggest plus is , you don't have to call in to take a day off or wait in line to get vacation or show proof to anyone that you were really sick.
You take all the credit and yes, all the blame too.