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> Mega rich. Start your own business. It’s almost impossible to get rich working for someone else. Riches do not come from work alone, they come from owning th
by Mistletoe 4y ago
> Mega rich. Start your own business. It’s almost impossible to get rich working for someone else. Riches do not come from work alone, they come from owning things – assets – that pay back more than they cost, and your own company is a powerful asset you can create from scratch.
I raise issue with this assertion.
> I’m the founder of Silktide and possibly the most unashamedly ambitious person you know.
And now you see why he has it. Like the post the other day said, an entrepreneur giving life advice is like someone telling you what numbers they picked to win the lottery.
My own experience in the past few years is that starting a company was a great way to make much less money per year compared to my old job while having lots more worry about taxes, health insurance, bookkeeping, etc. I lost out on a lot of extra money I would have been able to invest in that interim and worked 2-4x as hard as with my old job in science that had a wonderful reliable paycheck every month and no worries ever. Luckily this realization hit after three years and I start a new even cushier science job in two weeks.
- zeroonetwothree 4y agoJust ask LeBron James how to get rich and he will have a different suggestion…
- checkyoursudo 4y agoJust gotta work hard and be like 8 feet tall and you too can get rich.