What Counts as Self-Employment? Side Hustles, 1099 Income & Retirement Opportunities Explained

Do you have a side hustle, freelance income, or a small business? Many Americans don’t realize they’re considered self-employed for tax and retirement planning purposes. Whether you’re driving for a rideshare company, consulting, selling online, working as a realtor, freelancing, or earning 1099 income, your business activity could open the door to valuable retirement and tax planning opportunities. In this video, we explain what self-employment means, who qualifies, and why understanding your income type is an important step toward building long-term wealth. In This Video: * What it means to be self-employed. * W-2 vs. 1099 income. * Common side hustles that qualify. * Understanding Schedule C income. * Retirement planning for self-employed individuals. * Why business income creates new opportunities. ⸻ Featured Transcript “What does self-employed really mean?” “One in three Americans has some type of side hustle income—and that’s considered self-employment.” “Whether you’re a consultant, freelancer, realtor, rideshare driver, or online seller, the key is that you’re generating income for yourself, not through a traditional W-2 job.” “Understanding how your income is classified can open the door to additional retirement and tax planning strategies.” ⸻ 💬 **Do you currently earn any 1099 or side hustle income? What kind of business or freelance work are you doing? Let us know in the comments! 👍 Subscribe for more videos on retirement planning, entrepreneurship, tax strategies, investing, and building generational wealth. #SelfEmployed #SideHustle #1099 #SmallBusiness #Entrepreneur #Retirement #RetirementPlanning #TaxPlanning #PersonalFinance #Investing #BusinessOwner #Freelancer #ScheduleC #WealthBuilding #FinancialFreedom #Money #FinancialEducation #PassiveIncome #Finance #Entrepreneurship

Added 16 Jul 2026