Default Style Register
Daycare.com Forum
Daycare Center and Family Home Forum>Advice About Transitioning from Home Daycare to The Outside Work Force
Reimel61 11:24 AM 08-31-2016
Does anyone have any suggestions??

How did you do this??

Tax implications??

Thanks
Reply
nannyde 07:17 PM 08-31-2016
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
Mike 07:34 PM 08-31-2016
Originally Posted by nannyde:
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.
Reply
Tags:leaving daycare job, tax advice, taxes, time space percentage
Reply Up