Pros and Cons of Security Contracting

Published on March 18, 2019
Duration: 15:05

This entry synthesizes expert insights from Ivan of Kit Badger, a contractor with six years of experience. It details the financial incentives, lifestyle benefits, and mental health support available in security contracting, while also cautioning against common pitfalls like lifestyle creep and the impact on family life. A strong emphasis is placed on having a clear exit strategy from the outset.

Quick Summary

Security contracting offers substantial financial rewards, with daily rates potentially exceeding $1,000 on premium contracts, and structured rotations like 90 days on/30 days off. However, it comes with significant downsides, including 'lifestyle creep,' the emotional toll of missing family milestones, and the critical need for a pre-planned exit strategy to avoid becoming a career contractor.

Chapters

  1. 00:00Introduction and Background
  2. 01:09Motivations for Contracting
  3. 02:22Pros: Financial Compensation
  4. 03:44Pros: Lifestyle and Amenities
  5. 05:10Pros: Mental Health Support
  6. 06:55Cons: The Financial Trap
  7. 09:33Cons: The Schedule and Family Impact
  8. 11:14Conclusion and Exit Strategy

Frequently Asked Questions

What are the primary financial benefits of security contracting?

Security contracting offers significant financial incentives, with daily rates potentially ranging from $200 for less desirable roles to over $1,000 for premium contracts. Successful deployment at high rates can lead to substantial savings if managed prudently.

What are the lifestyle advantages and disadvantages of security contracting?

Advantages include structured work rotations (e.g., 90 days on, 30 off) and access to excellent amenities like quality food and gyms. However, a major disadvantage is missing critical daily family moments, despite extended time off.

Why is having an exit strategy crucial for security contractors?

An exit strategy is vital to prevent becoming a career contractor stuck in a continuous deployment cycle. Quitting can be difficult, making pre-planning essential for a successful transition out of the field.

What are the 'wrong' reasons to pursue security contracting?

Individuals should avoid entering security contracting solely for a desire for violence or misguided patriotism. The speaker suggests such motivations are better suited for traditional military roles with clear missions.

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