London Daily

Focus on the big picture.
Tuesday, Jun 02, 2026

I've been self-employed for 7 years and make double my husband's salary, yet I still can't get a mortgage as easily as he can

I've been self-employed for 7 years and make double my husband's salary, yet I still can't get a mortgage as easily as he can

I've been self-employed for seven years. I make more than I would at a conventional job, and no one can fire me. But I still have to provide additional proof of income when applying for financing - just one way society doesn't take self-employment seriously.

This spring, my phone rang while I was at lunch. It was my mortgage broker, calling with good news.

"You're all set with underwriting," he said. "I just need you to send a copy of your 2012 tax returns."

That's right: My 2012 tax returns were being requested for a mortgage I was getting in 2019.

Luckily, I'm organized and had a copy of the tax returns to the mortgage broker within minutes. But after I sent them, I started stewing over how ridiculous it was that the underwriters needed seven years of employment history to take my job seriously. No one has ever asked my husband - a typical W-2 employee - for years' worth of tax documents to prove his income.

There's a common notion that self-employment isn't legit or as "real" as other career paths. It shows itself in innocuous ways, like when friends or family invite me to the beach or call to chat during my work hours.

It also appears in systemic ways, like when I'm required to submit seven years of tax returns to get a mortgage.

Even people who have known me for years hear "work from home" and "writer" and assume I'm occasionally blogging or working on a novel that will never see the light of day, not taking calls with corporate clients and writing for major sites.

Last year, my husband lost his job, and together we decided it would be best that he stay home for our second daughter's infancy. Suddenly, I was the only breadwinner, which finally helped friends and family realize my job is real. But even then, they often asked if we were "doing OK."

When my husband returned to work a few months ago, it was because he didn't want to be a stay-at-home parent, not because of a pressing financial need. And yet, one friend in particular kept mentioning "what a relief it must be."

People just can't compute that self-employment was enough to support a family of four. That's in part because they assume that my income could suddenly disappear, but I've learned over the years that self-employment is more stable than traditional employment. It's time we ditch the notion that being self-employed is a less-secure career choice.


The security of self-employment

I've been self-employed for seven years now. During that time, my clients and the type of work I'm doing have evolved slightly, but overall, there has been more consistency than change: I write, and clients pay me.

This year, I'll bill for about $100,000, something that blows my mind. That's about four times as much as I was making at the newspaper I worked for before I went full-time freelance, and more than double my husband's income.

And still, I've always had to jump through extra hoops to prove my income. My husband, who works a traditional job, might be asked for a month's worth of pay stubs in order to secure a rental or get a car loan. I, on the other hand, might need to show my bank account and full tax returns, then still put down a larger security deposit or down payment.

This comes from a mistrust of self-reported income. I could be inflating my income, people reason, and even if I'm not, who is to say that income is stable.

But really, no employment is entirely secure. My husband has twice been laid off from his seemingly stable job with no warning. I, on the other hand, can't be fired. Last year, I worked for more than 20 clients. If one of them stops giving me work, my income is reduced, not decimated.

In addition, self-employment gives me control over how much money I make. If I want or need extra cash, I can easily pick up more projects and opt to work more hours.

While my husband might have the option to do overtime if it's available, he doesn't have the same direct control over his income that I do.


Why honoring self-employment matters

It may seem trivial to complain about needing to supply extra paperwork for loans. But the truth is that skepticism over self-employment can make a real difference in people's lives.

I know freelancers who haven't been able to secure a mortgage, for example, because they haven't been self-employed for years and years. Though homeownership isn't right for everyone, it is closely tied to increased net worth and has many tax benefits. People who are self-employed should be able to access those perks through financing, just as traditional employees can.

It's hard to get a solid number on how many Americans work for themselves. The Pew Research Center estimated that 10% of Americans were self-employed in 2014. However, it's clear that the number is growing, driven in part by the gig economy.

People choose self-employment because of its perks, like flexibility, control and, yes, stability. It's time that these workers get the same respect and access to capital as their counterparts who report to an office every day.

Honoring self-employment is about giving people more options. One poll found that 70% of people want to be self-employed. What's stopping them? I'm not entirely sure, but the message that self-employment is risky and unreliable has to be contributing.


Helping other people embrace self-employment

Over the past few years, I've made it my mission to help people see that self-employment could be a legitimate career choice.

I've mentored other writers, mostly women who want to sidestep the corporate world. I've been outspoken about the fact that I make more than my husband does in his traditional job. And, I've shared that he - not I - stayed home with our youngest daughter for her first year.

All of that is an effort to disprove the idea that self-employment is flaky and unreliable. If one of my daughters wants to start their own business, I'll fully support them. And if they decide to work a traditional career path, I'll try to not be too disappointed.

Newsletter

Related Articles

0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×