contract work vs employment

From: The King of Pots and Pans (King_at_ask.for.email.invalid)
Date: 04/22/04 

Date: Thu, 22 Apr 2004 20:42:06 GMT

I am full time steadily employed, making X dollars salary. I am not
getting wealthy this way.

I've been offered to join a contract team and make 2X. This may not
get me wealthy either but it's closer than 1X.

I'm aware of some pros vs. cons to both.

contract: no 401k, no medical benefits, may be lapses in work,
probably require travel around country, flexible hours, vacation
whenever you want, etc.

employment: steady, stable, 401k, medical benefits, pension,
non-flexible hours (ie 8-5 M-F), 3 weeks/yr vacation during non-crunch
time, etc.

I do not know if I am aware of all the pros vs. cons, and I want to
make an informed decision. What are other things to consider? I am
single with dogs, no debt besides mortgage, no wife. 

-- 
The King of Pots and Pans