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Doing a startup is inconsistent with the advice give here.
by peterjancelis 13y ago
Doing a startup is inconsistent with the advice give here.
- superuser2 13y agoBecause doing a startup is not financially advisable to most people without a financial cushion. It may be fun, it may be thrilling, and it may work out better than your wildest dreams, but good financial advice for the general public it is not.
- BrandonMarc 13y agoDebt for consumer needs != debt (investment) to build a business
- eatmyshorts 13y agoReplace 401K with SEP or Simple 401K, and I think the rest of the advice is valid. Also, consider the true cost of working for that startup. Stock with a startup effectively is valueless, and should be considered as such. If you can't save while working with a startup, or you have no savings as a backup if (and usually when) the startup fails, then you should consider a more traditional, established company instead.