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The age does give an advantage, but lack of savings is a universally problematic thing for all ages. You do need a safety net if you want to switch to entrepren
by mojuba 8y ago
The age does give an advantage, but lack of savings is a universally problematic thing for all ages. You do need a safety net if you want to switch to entrepreneurship, or otherwise you have to be exceptionally lucky to get the salary you need and the equity you think you deserve.
- verelo 8y agoVery fair point. I guess the only counter to that is: by 50+ you’ve had a lot of time to try resolve that, if you truly wanted to start something and realized it would be a limit I’m sure that’s enough time to give it a serious shot. Also, if you’re 50+ and have no savings, do you need a serious plan for the next 30 years because you physically cannot work forever. My personal experience coming from a low income family, i managed to pull off 16k i savings by 21. Individual experience is obviously a low sample size, but I know it’s a possibility.