Cancer Sucks The Most For The Self-Employed!!!

… and it is not much better for those who exchange their hours for a company’s cash. 

Why? 

“You’re one injury away from the end of your career.” 

This quote is from ESPN’s 30 for 30 episode, “Broke.”  The episode delves into the many ways professional athletes go broke shortly after getting out of the game.  Near the end of the video, different athletes discussed how fast their income dried up after the injury that brought their careers to a screeching halt.   

A good friend was trying a wine glass a few years later.  The glass broke in his hands and slashed his wrist. He went in for surgery and was out of work for a few weeks. 

“One injury away from the end of your career,” was the first thing that came to mind when I heard the news. 

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Cancer opened up a lot of days on my calendar.  Some of those days were lesson days or gig days: income days!  Gone that quick! All this down time has got me thinking about other sources of income that do not have a direct relationship to time. 

Self-employment and hourly wage employment are directly linked to your ability to be at a certain place, accomplish tasks for so many hours, and receive compensation for your time, talent, and efforts.  The fatal flaw of this system is that your livelihood is predicated on your ability to be at a certain place and do certain tasks for a specified amount of time. What will you do when cancer interrupts your ability to exchange your time and talents for a customer, client or company’s dollars? 

Those who own companies and those who smartly invest are much better prepared to handle cancer.  Their income is not predicated on their consistent participation. The company runs itself whether the owner is their or not.  The relationship is indirect: a little bit of leadership and strategic vision can go a long towards keeping the company solvent while the owner deals with cancer.   

Cancer is indiscriminate.  It cares not about demographic categories, religious and ethical beliefs, or means of income.  It will consume your time. What will you do when cancer steals your time from the company that exchanges its dollars for your hours? 

What would you do in this situation? 

Tootles

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