Being self employed means having the freedom to run your own business as you see fit. While you may no longer have to work for someone else and can dictate your own paycheck based on how much you want to work, it does come with a few drawbacks. The most noticeable one comes in not being able to easily prove your income should you decide that you need to apply for a credit card or a bank loan. Rather than have to show the lender your entire banking account you would be better off if you had a payslip.
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