Contracting can be viewed as both positive and negative.
Starting out as a contractor can be very challenging. Your mindset changes and you feel the pressure of the small margin of error. The safety of working for a company is gone and it depends more on you than ever. How you view this will determine the success of being an independent contractor. Changing my point of view was the first thing I had to do.
Contracting is not a new topic to me. The difference this time around is that I do not have a long term contract. My previous contract was for a single company and it lasted for more than 4 years. This means that I was basically a full time employee, working at a contractor rate. Making the decision to become a contractor again, took a lot of careful thinking.
Every person gets used to a certain standard of living. It was a natural for me to start with the question of much do I need to live? Finances is not always a comfortable topic for every person. It is however the main motivator for the work we do. Some people will explain that money is not important. I would kindly have to disagree. Working is fun for me at times and does motivate me most of the time. The main motivator however, is to provide for my family.
Some people work for the sole purpose of increasing their wealth. It has always been my view that the love of money is the root of all evil. It is obviously nice to have money when you need it, but it should however not be our main motivator in life.
Looking for the balance between earning enough money and time has been a key consideration for me. Time can be earned in many ways. I have found that the easiest way is to do the right things and not to do the things right.
Contracting provides me with the opportunity now to strike the balance. This initial thought to determine what is more valuable was a key factor to choose contracting.