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Ask HN : About risks
I live in South East Asia. With my current stable job and moderate spending, I expect to have a million dollar savings in 8 years. (don't need to pay for rent. living expense is low ,about 1000$ per month, Capital gains from my investment can fully cover my expenses. I can save 100% of my salary).
My country's economy is expected to grow very fast in coming years. Number of Internet/mobile companies are close to zero now. So there are lots of startup opportunities. If I choose the startup route , I might have 10 million (my target) or even 100 million in 8 years. Or I will just fail and become broke .
If I choose my stable job (I don't dislike it), I will always ask myself the question "Is that it?" and there is no way I can get 10 million in 8 years (my financial target) with my current job though 1 million is still pretty nice.
Other than financial considerations, I have always wanted to start a business and be my own boss. But coming from a low income family make me nervous about the risk of failure and opportunity cost of time & money. I am 31.
Which should I choose?
- chrisked 10y agoLet's assume you'll have the opportunity with 39 to post here again with 100M in your bank account and I'll ask you What's next? What do you reply?
- android521 10y agoHaven't thought that far. My goal right now is to have financial security so that I can live a comfortable life and never worry about money(reasonable spending of course). I think one should have a 10 year plan. Now I have two directions. Continue with a job or do a startup. just try to weigh the pros and cons.