- June 8, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Feeling like an Imposter: The Struggles of a Privileged Sole Trader
Before you decide to leave a nasty comment, I know that this might come across as tone deaf to some people. I get that I am privileged but I can’t help feeling like shit. That’s just how I feel, you are free to react however you want. Now context:
I’m 20 and I am a sole trader as a tutor and could work 40-50 hours a week and earn $2k-$2.5 per week. Currently I have chosen to work 20-30 hours per week $16kish per quarter so that I can focus on content (I want to build resources and get a scalable company going). I got pushed to study hard when I was young and have pretty much been tutoring since I was in year 7 (selective school and all that). I enjoy the work, find it rewarding and think I’m pretty good at it (I work hard and all the clients seem super happy). Originally I thought of 1 on 1 tutoring and then hiring more tutors would be sustainable but it doesn’t seem that way.
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## Struggles of Balancing Privilege and Ambition
I have saved $25kish in cash and have about $35-45k in cars and bikes (I like them but not ideal so I am getting on selling them). I don’t have many expenses cuz I spend frugally and live at home. From what I know, my parents saved and we lived really frugally when we were young so they have been able to buy property and do well in that regard. My parents have bought land for my brothers and me so that we can build on the land with our own funds in time and afford to stay in Syd. However here is the thing. The idea that it’s just given because my parents did well early on makes me feel like shit so I really want to build something for myself. Coming out of high school I had idealistic intentions on business and innovation and I still sorta do but I am also more grounded in the reality of business and competition. I’m committed to seeing it through if the business fails or not but if so, what do you guys who have 5+ years of experience and may have been in such a situation say? Is it worth it to give away 5/10 years of your life to try to build something that seems important and helps people or am I kidding myself and should I just go get a fifo job or work in cyber or some shit. (I have previous experience as a baby sitter and bartender as well and deferred my business degree so I have no ‘real work’ qualifications so far)
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## The Pressures of Sole Trading and Personal Growth
I think I am doing okay for my age and I compare myself to people who are mucking around (or might all be in full-time real stable high-paying jobs unlike me in 5 years) but I just have this constant anxiety as a sole trader. At times it feels depressive or bipolar. Every second day you hear about the shit show that is the Sydney economy and Australia’s sociopolitical issues. I dunno
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AI Legalese Decoder: Simplifying Legal Jargon
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