Working as an employee is typically less risky and offers a more reliable source of income than self-employment. Self-employment may give you the chance to be more innovative, as you have no commitments, ties and obligations to an employer, and can choose how you get funding.


Self-employment such as in financial markets (e.g. foreign exchange trading, stock markets or investing), starting up your own business, or consulting. Getting into financial markets involves a lot of risk so if you are risk-averse, or do not have money that you can afford to lose, then a high interest savings account or term deposit may be more appropriate, or a more risk-averse portfolio option in an ethical fund manager such as Australian Ethical Investment. There are a lot of simple business ideas that can be quite successful such as growing food for others, tutoring, cleaning, gardening, painting, car cleaning, and other exterior and interior household care jobs (e.g. kerbside address painting), yoga practitioner, massage and so on. (I think many more ideas exist on the internet). Self-employment requires discipline but you get to control your own time which gives a lot of flexibility. You could work part-time and study part-time to get more qualifications to give you more flexibility with income sources. For instance, from 2016 to Feb 2018 I worked part-time at Sungrow, then from Feb 2018 until October I’ve been studying/working full-time remotely with blockchains, to get a grant, and have been advising on the side with Pocket Network since October. (I could get a full-time job, there have been multiple opportunities presented to me, but I prefer to continue working on what I’m doing and finish it.)

Work as an employee

It can help to find work as an employee by continually learning new skills, either by formal education (e.g. university), or more informal education, e.g. learning online, reading books, or learning in the workplace.