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But yeah, I'm part of that group. I haven't had a regular paycheck since 2009. There's some annoying things about that, mostly around access to credit. I tried to get a mortgage around 2012 and that just wasn't happening. I might have more luck with it now, or I'll just wait a couple years and pay cash for something cheaper.
Me too. I love it. I work in my pajamas. On the Internet, nobody knows you're in your pajamas. Once a month or so, I put a suit in a suitcase and fly off to visit a client. My income is in the top 3%. I can't get a mortgage but I don't need one. Not everybody who is self-employed or an independent contractor is struggling.
It's actually 6%, no idea where Slate pulls its numbers out of. It's also, as of 2014, decreasing and not growing.
But yeah, I'm part of that group. I haven't had a regular paycheck since 2009. There's some annoying things about that, mostly around access to credit. I tried to get a mortgage around 2012 and that just wasn't happening. I might have more luck with it now, or I'll just wait a couple years and pay cash for something cheaper.
what is a paycheck ? is that the thing you get when you to to that place in the morning i see all these people scurrying to ?
It's actually 6%, no idea where Slate pulls its numbers out of. It's also, as of 2014, decreasing and not growing.
But yeah, I'm part of that group. I haven't had a regular paycheck since 2009. There's some annoying things about that, mostly around access to credit. I tried to get a mortgage around 2012 and that just wasn't happening. I might have more luck with it now, or I'll just wait a couple years and pay cash for something cheaper.
we are being told the same thing by the banks as far as getting a mortgage so if we buy a co-op we will pay cash ..
the company's that buy mortgages from banks have very strict income requirements .
you can have multiple 7 figures in your portfolio but many of these buyers do not accept income that is under your control as qualifying .
we are retired and because i am delaying social security and don't show enough pension income , the banks said that odds are not good the under writers will approve us .
the company's the banks sell to would have to make what they call asset depreciation loans .
that is where they take your assets , cut off 40% of them for volatility and then divide what is left by the number of loan payments as income .
the underwriters want to see social security income , pension , annuity , etc. . they don't want to see income you create on your own .
It's actually 6%, no idea where Slate pulls its numbers out of. It's also, as of 2014, decreasing and not growing.
Yep. Somewhere between 6.6% and 6.8% of tax filers are self-employed. The lower the unemployment rate, the lower the percentage.
U6 is about 10%. It's tough to have truly accurate numbers because so many people work "off the books". I'd wager that if you factor those in, the real number is much lower.
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