I have an LLC that i "consult" with while i work for someone (business that doesn't turn a profit). Now calculate the difference?
would you rather make 250k working for someone or 49k for yourself
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I have an LLC that i "consult" with while i work for someone (business that doesn't turn a profit). Now calculate the difference?
#blacklivesmatter
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True nit everyone cut to be their own boss. But those people are not in thus thread. The dude working mcdonalds is not ment to be his ownI left my career and doing my own thing. Pros and Cons. Some people are not built to be their own boss. Plan and simple. Some people can't work for others. I have now fell into the later, I can not imagine going back to beating the clock.
That is a big difference in pay but in due time if you are working your business and its working you will get to 250k and not have to go into your own business.....
Edit (Depending on how old you are and circumstances) If I had to start over I could do it with what I know but I have my finger on a couple of other business that I can make more money less time and effort
OP probably should have asked a better question. It should be "would you rather make 250k working for someone or 49k *with a chance to make more than 250k* for yourself?
What's being lost here is the generatonal wealth one would create owning their own IP.
Tallblacknyc has it correct. It's cool and nothing wrong to make x amount but imagine how much your boss is making off of your back.
What's being lost here is the generatonal wealth one would create owning their own IP.
Tallblacknyc has it correct. It's cool and nothing wrong to make x amount but imagine how much your boss is making off of your back.
This.
By working for someone else, you always place the responsibility of your livelihood on someone else's decisions. And that arrangement has worked out well for plenty, but MANY people would choose the independent option.
If the question were 250k working for somebody vs 250k on your own, I don't believe anybody in this thread would've chosen the former.
There are pros and cons to each, but ultimately, working for somebody puts the responsibility of a paycheck in someone else's hands. And when the well runs dry, which is common these days as we're in the middle of a great shift, you have to search for another well instead of having your own established. It is what it is, but like many said, you make way more for that company than you end up making yourself. I've experienced that firsthand. And because of the burn of that experience, I choose to be my own boss and build a house out on concrete, not hay.
If the question were 250k working for somebody vs 250k on your own, I don't believe anybody in this thread would've chosen the former.
There are pros and cons to each, but ultimately, working for somebody puts the responsibility of a paycheck in someone else's hands. And when the well runs dry, which is common these days as we're in the middle of a great shift, you have to search for another well instead of having your own established. It is what it is, but like many said, you make way more for that company than you end up making yourself. I've experienced that firsthand. And because of the burn of that experience, I choose to be my own boss and build a house out on concrete, not hay.
This.
We need context! Not everything is for everyone! And everyone doesn't want or value the same things in life.
I'm self-employed. I love the freedom, the creating something from nothing, but my shortcomings rear their ugly head & stifle the growth of the business and my personal life.
Also, this ain't all I want to do with my life, yet it has consumed it for the past 7-8 years. I want a life. I want a family. I want to live abroad. I want to travel more. I want a beach bar/restaurant. I want to write a book. I want to make a rap album.
My bad.... I just got some things I need to work on. I can't be on time for shit!
This is what this thread is really about, even though it was presented in a strange way.
People become complacent at best or succumb to cowardice at worst.
Often people lose sight of the greater goal, whatever it may have been for them. For some it initially could have been College fund for kids, or grandkids, or buy mama a house, or be able to afford to live comfortably and provide opportunities for fam & friends.
People change. And so does their resolve.
I like that August Alsina song where he says, "that's why I can't stop at no house, I can't stop at no car".
I have to constantly remind myself that I'm hustling for my grandchildren (I'm not a fathere, yet), because I honestly forget sometimes. It's work work work, shit is exhausting, stressful, & some mo shit.
Here lately I've been finding peace in the small things. I know where my next meal is coming from. I'm healthy. I can keep the heat & lights on. I'm of able body & sound mind. Then I think about this not all I can do, and I want more.
It'll work out, just gotta keep hustlin.
Fuck, it's 6am already and I ain't been to sleep. I was sposed to go to sleep @ 12!
I hear all that every one is saying and all make valid points. Like I said earlier, I am building two businesses and I work a regular job, have a clearly defined plan to transition into full time owner ship, but I will not drop working and go full time into private ownership unless the clearly defined milestones for my businesses have been met. I think this is not a clear cut would you or wouldn't you question but predicated on each situation. If you are single, no kids, it's a lot easier to go into a quick and go independent route, but if you have a family, children, it's not that cut and dry for different reason. Also, to call someone a coward, slave mind etc if they don't choose to want their own business is also idiotic and bullshit self righteousness.... Everyone doesn't want or have the passion to run a business, but would rather do what they are doing. I've approached many people about the business, friends family, some are involved with me, some weren't interested and I was cool both ways.... It's not a requirement for manhood or adulthood to have your own business, it's a requirement as a man to take care of yourself and your family and whether you are working at McDonald's or a senior executive at a firm or a private businessman, if you're taking care of your family and not putting them in an legal or physical risk, that should be applauded...
This thread is all over the place. I just want to give my own life story, what happened to me, cause I've lived it.
I have struggled for many years as to why people don't work for themselves. My wife had really woken me up to the fact that many just are not built for it.
I've worked as an EMT for NYC for years then quit and went into IT making 6 figures. All along I've done graphics and printing for a majority of clubs in NYC many years back. I never really made a decision overnight to quit corp America. I did both the self employment and 9-5 at the same damn time for many years. I killed myself and would do it again and again.
But as I said many ain't built for that.
Also some analogies about Kobe and the such are without foundation.
Anyone with the means to start their own biz, does not have the distribution of Nike, or Apple iTunes or whatever your product is, so you are still reliant on all of these avenues. You in your own biz will have to suck it up to hundreds of clients just as I had to do being self employed as I was working at a company where I answered to over 15 bosses who ran the company in IT.
I am still self employed and it's the worse of times I've endured cause of the recession. There was a time I made 50k in 6 weeks. Now barely making that in 6 months. I can't keep going at what I was doing so I adapted and wore a few diff hats and do other hustles.
Many ain't built for this, many prefer to be told what time to come in daily and "the man" this and that. Working for someone or working for myself makes no diff to me. I work to enjoy what I have is my end goal and to make the fam happy. In my mind that's the only slave I am to.
I would only tell others to only quit a 9-5 when you've comfortably sat on at least a year of replacement money liquid and are already making a lucrative biz on the side. Then move to doing your own thing but make sure you control every aspect of how you earn. Cause in the situation of a Kobe, what if there were no Nike? Or with music, what if there was no iTunes, how would you get your music out to your end clients/customers? J
ust food for thought.
I have struggled for many years as to why people don't work for themselves. My wife had really woken me up to the fact that many just are not built for it.
I've worked as an EMT for NYC for years then quit and went into IT making 6 figures. All along I've done graphics and printing for a majority of clubs in NYC many years back. I never really made a decision overnight to quit corp America. I did both the self employment and 9-5 at the same damn time for many years. I killed myself and would do it again and again.
But as I said many ain't built for that.
Also some analogies about Kobe and the such are without foundation.
Anyone with the means to start their own biz, does not have the distribution of Nike, or Apple iTunes or whatever your product is, so you are still reliant on all of these avenues. You in your own biz will have to suck it up to hundreds of clients just as I had to do being self employed as I was working at a company where I answered to over 15 bosses who ran the company in IT.
I am still self employed and it's the worse of times I've endured cause of the recession. There was a time I made 50k in 6 weeks. Now barely making that in 6 months. I can't keep going at what I was doing so I adapted and wore a few diff hats and do other hustles.
Many ain't built for this, many prefer to be told what time to come in daily and "the man" this and that. Working for someone or working for myself makes no diff to me. I work to enjoy what I have is my end goal and to make the fam happy. In my mind that's the only slave I am to.
I would only tell others to only quit a 9-5 when you've comfortably sat on at least a year of replacement money liquid and are already making a lucrative biz on the side. Then move to doing your own thing but make sure you control every aspect of how you earn. Cause in the situation of a Kobe, what if there were no Nike? Or with music, what if there was no iTunes, how would you get your music out to your end clients/customers? J
ust food for thought.
always enjoy your posts. I have several houses on the side which produce fixed rental income each month. The good thing about that is I can either raise rents or acquire more property which are in my plans to do. When I add my month rental income and my salary from my job I make over 200k/ year.
Both working for someone and working for myself are paying off nicely although I could do either. I think I have the best of both worlds at this point. I have a lot of flexibility at my nine to five when it comes to my work schedule.
Its cowardice if they want it but don't wanna do what's necessary to get it
Totally agree but you won't make 250k working in McDonalds. If you have the aptitude to get a 250k job you can be your own boss and make something like that in the future. may take you 20 years but can do it lol.....
I work for myself, I make anywhere from 45-75k depending on how many clients I take on. I haven't missed a meal, have began to invest in stocks (thanks to a few good bros on this board), bought/paid off a new vehicle all in the same year, I'm currently in process saving up for a house, have pretty good health care, and a nice schedule. I have two degrees and I realized only a few years ago I'm not programmed to work for the man. I can't tell you how many people who I come in contact with doing what I do that tell me they'll settle for less to have peace of mind and less stress. Kudos to all those making 250+ but don't knock those who work for themselves. I know a lot of HVAC certified entrepreneurs with a ton of money lined up in the coffers
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So... you're a coward if you don't have the desire to have your own business?
Yeah man, OP started on some fantasy island shit with the way he worded thread into, then said fuck it and got lost in what he was trying to communicate when his original attempt proved to be idiotic at best. Dude was in here drowning...
I thought I understood what you were saying... you quotes by post and your comment had no relevance to my post.... I do agree with you however, BUT if a person doesn't go after it... do they really want it?
#blacklivesmatter
Banned
Nah bruh, the lol is how your 'would you rather' troll attempt blew up in your damn face! Gather your thoughts the next time before you post stupid shit!lol
lmao
#blacklivesmatter
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it comes to this. really, when you make money would you rather invest into a family entertainment and house, or reinvest into businesses ideas?
when you mame 250k most people are investing their money into the american dream and not into being their own boss. we think sucess is 250k and when you achieve sucess that is when people start to get comfortable and building that patio on the backyard vacationing, and more concerned about presenting their sucess to the world
when you mame 250k most people are investing their money into the american dream and not into being their own boss. we think sucess is 250k and when you achieve sucess that is when people start to get comfortable and building that patio on the backyard vacationing, and more concerned about presenting their sucess to the world
Your whole statement is filled with assumptions and doesn't have any factual merit whatsoever. That's what invalidates your whole argument bro. If you want to have your own business do you, but your going outbox your way to try to validate your point by discrediting those who have success doing it a different way and that stinks of being a hater or having low self esteem because maybe your aren't as successful as the people you are trying to put down. Don't play yourself like that Dude because frankly, if you are trolling cool have at it, but if you are serious your starting to make an ass out of yourself and it's getting to be a bit embarrassing actually.
Its really not Bro.... Dude started off the thread with would you rather make 250k a year working do for someone else or make 49k working for yourself then tried to argue that you're weak if you are willing to give up 200k a year to be independent which is probably some of the stupidest shit I've heard in my life!
#blacklivesmatter
Banned
hmmm successful than ......what us sucess? you dont get it im trying to give you the lost picture. you think it is cool to make 250k when a white man banking 3xs that off you?
put it like this. if I sell oils. ok and you work for me. and you sell these oils for $10 and you get $9.00 hour. but at the same time im profiting off you $30. you know how to make the oils. would you not branch off and do your own thing? look at me king
put it like this. if I sell oils. ok and you work for me. and you sell these oils for $10 and you get $9.00 hour. but at the same time im profiting off you $30. you know how to make the oils. would you not branch off and do your own thing? look at me king
Your whole statement is filled with assumptions and doesn't have any factual merit whatsoever. That's what invalidates your whole argument bro. If you want to have your own business do you, but your going outbox your way to try to validate your point by discrediting those who have success doing it a different way and that stinks of being a hater or having low self esteem because maybe your aren't as successful as the people you are trying to put down. Don't play yourself like that Dude because frankly, if you are trolling cool have at it, but if you are serious your starting to make an ass out of yourself and it's getting to be a bit embarrassing actually.
#blacklivesmatter
Banned
aye you wanna work for me? and in turn/intern you get that work for free
Dude you are trying to move the goal post from your original argument. You basically said it's better to give up 250k to work for yourself for 49k.... all the other shit youre adding because your original argument didn't make sense...
As far as all this white making money off of you shit, unless you are the manufacturer, developer, designer, own the machines and facilities, own the distribution and the vehicles, etc, are COMPLETELY self sufficient, somebody is making money off of you and more than likely more than you.... again, everybody doesn't want to be their own boss, doesn't make them any less than someone who does, and you have to be a fool to leave 200k on the table, end of story...
#blacklivesmatter
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giving you an analogy you can relate to is moving the goal post...ok you win. sound like you trying to convince yourself you are not lazy
Please stop with this abject rubbish. America is not the only country on earth. This world can never function if everybody were to be their own boss. Further, for you to think that $250k is not successful enough, you must be living in a fantasy world. You have to be exceptionally good at what you do for you to earn $250k working for somebody and chances are , you will be re0hired quickly, if you lose that job not by your own doing. $250k is in the top 1% in this Country and that makes you super rich, when compared to other countries. If you cannot manage to live on $250k for the rest of your life and save up for retirement in the U.S., then that's due to your stupidity and nothing else.
I work for myself and I would not want to work for someone again. But that's because I do well at what I do because I have a special set of skills and education. Most self employed people will never smell $100k /year in their entire life.
#blacklivesmatter
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