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Solution is kind of straightforward: Work said 100k job for 5 or 7 years, perhaps with safe investments e.g. the S&P, get 200k+ to your name. Use that to then s
by buildingmateri 5y ago
Solution is kind of straightforward: Work said 100k job for 5 or 7 years, perhaps with safe investments e.g. the S&P, get 200k+ to your name. Use that to then support years of establishing your own business, own terms, own freedom.
- donkeyd 5y agoHave the business fail after putting all of your money in it, lose house, lose self-respect, burn out, go back to working for 100k a year (or less because you have nothing to show for the last couple of years). Everyone always assumes that if you work hard, you will succeed... It's the American dream. But it's far from the truth for many people who try this type of stuff. Most small business owners end up working 70+ hour weeks for maybe a bit more than the 100k some people might get working for an employer, with the added weight of having to run a business and losing everything if it fails.
- filipo 5y agoHow to limit the danger of losing everything if it fails? Isn‘t that just the issue if you invest everything you have or stop too late (kill the business early enough if it does not work)? Am I missing something?
- donkeyd 5y agoI was doing the opposite of the previous commenter. There's of course a lot of options in the middle. The previous commenter just presented it like it's easy to just become your own boss. My point was that it isn't and yours does the same, just in a less depressing fashion.