Better stop short than fill to the brim. Oversharpen the blade, and the edge will soon blunt. Amass a store of gold and jade, and no one can protect it. Claim wealth and titles, and disaster will follow. Retire when the work is done. This is the way of heaven.
— Tao Te Ching
A self-employed individual does not work for a specific employer who pays them a consistent salary or wage. Self-employed individuals, or independent contractors, earn income by contracting with a trade or business directly. In most cases, the employer will not withhold taxes, so, this becomes the responsibility of the self-employed individual.
Self Employment Tips from a Self-Employed Financial Advisor - Interview w/ Chris Wiesehan