Daycare.com Forum Daycare Forum

Go Back   Daycare.com Forum > Main Category > Daycare Center and Family Home Forum

Daycare Center and Family Home Forum Daycare Center and Family Home owners, Directors, Operators and Assistants should post and ask questions here.

Reply
 
Thread Tools Display Modes
  #1  
Old 08-31-2016, 11:24 AM
Reimel61's Avatar
Reimel61 Reimel61 is offline
New Daycare.com Member
 
Join Date: Oct 2012
Location: Maryland
Posts: 66
Default Advice About Transitioning from Home Daycare to The Outside Work Force

Does anyone have any suggestions??

How did you do this??

Tax implications??

Thanks
Reply With Quote
  #2  
Old 08-31-2016, 07:17 PM
nannyde's Avatar
nannyde nannyde is offline
All powerful, all knowing daycare whisperer
 
Join Date: Mar 2010
Location: Des Moines
Posts: 7,311
Default

Well

I've been shut down for about 2.5 years (after doing 21 years) while my kid is doing high school in Podunkia Iowa.

I took over a year off and wrote books. Then I started job hunting and found out pretty quickly I absolutely HATE working for other people. Actually HATE isn't a strong enough word.... I wish I could fabricate a word that would express my disdain for being an employee... I'm not that clever.

Tax implications suck too.

I now pay about 38 percent of my income in taxes/social security and medical savings account between my consulting business, book revenue, expert witness work, and a public health nursing job which gives me free health insurance.

I have made WAY more money doing daycare as far as take home getta keep money than I do now. I am paying a crap ton more into social security than I did doing daycare and that will help me when and if the day comes to draw it.

Did I mention how much I loathe working for other people? I have the world's nicest, sweetest, caring awesome boss and it still doesn't work for me. It's been an adjustment that will never square up.

If you can be an employee without hating it.. and it works for you financially... go for it.
Reply With Quote
  #3  
Old 08-31-2016, 07:34 PM
Mike's Avatar
Mike Mike is offline
starting daycare someday
 
Join Date: Jan 2014
Location: Canada
Posts: 2,518
Default

Quote:
Originally Posted by nannyde View Post
I absolutely HATE working for other people. Actually HATE isn't a strong enough word.... I wish I could fabricate a word that would express my disdain for being an employee... I'm not that clever.
You mean you don't like working for others?

Out of my last 37 years, I spent about 18 months total working for others, 2 years total on gov support during bad times, and the rest of my time has been running a business, or 2 or 3 or 4.

I don't like "jobs" either.
__________________
Children are little angels, even when they are little devils.
They are also our future.
Reply With Quote
Reply

Tags
leaving daycare job, tax advice, taxes, time space percentage

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sell or Lease Daycare (Home)??? CheekyChick Open Daycare Center - Sell a Daycare - Rent a Daycare - Buy a Daycare 0 08-31-2016 09:37 AM
Termination Gone Wrong MsKara Daycare Center and Family Home Forum 107 03-11-2015 03:09 PM
Switching From A Church Daycare To Home Daycare Unregistered Parents and Guardians Forum 7 12-03-2012 09:50 AM
Daycare Parents Handbook DancingQueen Daycare Center and Family Home Forum 24 12-04-2010 01:35 AM
Modern Parenting professionalmom Daycare Center and Family Home Forum 26 07-31-2010 09:23 PM


All times are GMT -7. The time now is 12:58 PM.



Daycare.com         Find A Daycare         List Your Daycare         Toys & Products                 About Us

Daycare.com
Please read our Disclaimer before continuing.

Topics pertain mainly to the following States:

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming