One of the advantages of being serf-employed is that the profit the business (62) belongs to the owner. If the self-employed person is successful, he has the chance to earn a great deal of money, even become wealthy. The profit earned by a self-employed person is the (63) for his effort, ability and creativity. (64) , a second advantage of being serf-employed is that a person’s intelligence and abilities have a direct (65) on his earnings. People who have outstanding abilities or intelligence often find they can earn far more through self-employment than they can through (66) as an employee. A third advantage of being serf-employed is that a person can control both the (67) of hours worked and the hours of work. (68) not all self-employed people are completely free to choose (69) hours they want to work, most of them have more control over this area than do the people who work (70) salaries or wages. As with most things in life, being self-employed is not without problems. First, being one’s own boss places the (71) for success directly on that individual’s shoulders. Abilities and intelligence will be put to the (72) . Everyone has some weaknesses and is less (73) in some things than in others. These weaknesses will affect (74) successful a self-employed person is. Second, (75) the serf-employed can earn considerable profits with a successful business, losses can force them out of (76) , and in some instances, place them in (77) . A third disadvantage concerns income security. Serf-employed people have no (78) wage. Their earnings can (79) greatly from year to year, depending on business conditions. Salaried people, on the other hand, can (80) count on continued earnings from year to year. In addition, salaried people often enjoy fringe benefits that mean greater peace of mind. Fringe benefits are all the benefits provided for employees in addition to wages and salaries. Many serf-employed people do not have such profits, (81) they put money aside themselves.