Your outlook will change if you are paying 40k in health premiums and deductibles as self employed. The way the ACA works is
Remember the big selling point of the ACA was “don’t like your job”. You can switch jobs without worrying about healthcare.
Well after the insurance companies got done with Obama. Obama really needed to change his speech you better be making more than 300k if you want to switch Health insurance and be on your own insuring a family of 4. Or find another employer to subsidize your healthcare.
obamawhitehouse.archives.gov
Life insurance is dirt cheap term life. $100 a month for most people even into their 40s.
Car insurance varies from $100-300 a month
Disability insurance varies
I work with a ton of 1099 crnas. Their views are so skewed because they are in the grey zone of income (250-350k 1099). Those who have a family all have spouses who have access to subsidized healthcare.
It plays a big factor in to their 1099 decision. So right now the 300k self employed range is the grey zone for people’s if they have to get healthcare on their own.
Obviously the more you make over 300k. The less the healthcare premiums and deductibles matters.