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I have mixed feelings about owning a business vs. working for a corporation. I retired last month and the bulk of my retirement comes from working for a few com
by mark_l_watson 5y ago
I have mixed feelings about owning a business vs. working for a corporation. I retired last month and the bulk of my retirement comes from working for a few companies that paid me very well, in some cases their stock was a good deal, and in some cases I had time set aside for my own research.
That said, there can be a lot of BS involved working for other people, and some of the happiest people I know have their own business.
Here in the USA, despite really low unemployment numbers, the divide between people who are well off and people who just get by is widening and more people are falling into something that looks more like poverty than a solid middle class lifestyle. In the future, it seems to me that to be well off you either need to have specific skills that corporations value or you need to own a viable business.
This is difficult for me to say because I have always valued free time (in the last 45 years I have probably averaged working about 26 to 30 hours a week), in modern times I would recommend having a side gig and a job. Go for maximum flexibility.