In the old days, when I would tell people I was majoring in math, they would physically recoil.

When I switched to history, I would instead get from people: "I love history!"

Well, be that as it may, there's some math that's pretty important for your own life and well being.

This week I interviewed the highly successful and extremely impressive Henry Bingaman on the Tom Woods Show, and we talked about freelancing as a way to liberate yourself from tethered to an old-fashioned 9-to-5.

What I'm about to tell you is all great, you may say, but you're sure you're very average, have nothing to offer, and it can't apply to you.

Convincing you otherwise, and showing you how to position yourself, is just module one in Henry's training, so don't count yourself out.

Let's get to the math, as Henry explains it, and I am liberally borrowing from Henry's own writing.

Let’s say you’re a moderately talented freelancer. You have 4 main clients who all pay you around $2,500 a month. He insists that even in your first few years that is not hard to accomplish.

That’s $120,000 a year.

Now let’s say one of your clients has an extremely bad year and their sales drop by 40%. By no fault of your own, they have to drastically cut their budget.

Unfortunately, you’re on the chopping block.

That’s no fun at all, but your income has only dropped by 25%. If nothing else changes, you're still making $90,000 a year.

And you’ll more than likely replace that and get right back to where you were in the next few weeks.

Now let’s say you’re an employee with a $120,000 salary.

You’re a HUGE line-item on your employer's budget. It’s not just your salary.

It’s the additional $25,000-$50,000 in government mandated benefits they MUST pay you.  

If that company’s revenue goes down, “downsizing” is inevitable.  

And if you get fired, you’re at $0 in income.

The math is simple.

If you’re an employee, you’re always at risk of losing everything.

As a freelancer with multiple clients, it’s much more difficult to lose everything all at once.

Plus, the typical high income employee pays 37% of their income in taxes. It just disappears – poof –it never comes back.

But freelancers very often pay more like a 10-20% effective tax rate.

So not only do freelancers make more money on average, they pay FAR less in taxes.

Read over what Henry has to say at the link below and see what you think.

The $300 discount for my people ends soon:

https://www.tomwoods.com/henry

Tom Woods