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> And how, exactly, does one embark upon an endeavor By using the money earned from your career to fund ventures. A stable career should provide you with money
by PatientTrades 9y ago
> And how, exactly, does one embark upon an endeavor
By using the money earned from your career to fund ventures. A stable career should provide you with money to build wealth. However, simply working a 9-5 everyday will not provide wealth as the rules implies. It provides money, not wealth. There is a difference
- mfoy_ 9y agoIt will take you decades of saving to have the kind of capital that can show a return that's even remotely comparable with your salary.
- loeg 9y agoBut you don't need to replace your salary, just cover your expenses :-). For example, if you can save ~96% of your gross income and safely draw 4% from your investments, you can cover your expenses after only a single year. (Of course, you will never save 96% of your gross income, due to taxes.)