Quote:
Originally Posted by Felix C
Started my own business because I had the time and money to do things on the side. E-commerce if properly setup and if you know your market is a money maker without having the overhead of a brick and mortar.
|
You still have to have the excess space in your home to do it, I am also planning on doing this but when you start looking at adding an extra bed room extra garage space etc when looking at a home the costs go up quite substantially.
I am not disagreeing with you but it is certainly not free even if you run the business out of your home. Everyone should be striving towards this but its a bit oversimplified what the one poster said in wal street speak about starting your own business and a little intellectually dishonest.
If you put everyone that has made it under a microscope you will find that the start up money had to come from some where (6 figure job, significant inheritance, etc, etc). People don't work wall mart jobs and suddenly come up with enough money to buy a 3 bed room house with an over sized garage to set up shop in and moon light. And if you are just buying stuff and reselling it on the internet that is really hard to make money on unless you are able to acquire really hard to get stuff because you are competing with every other amazon seller out there, if you are making something then you have all the equipment start up which will go in your over sized garage and typically will be into the 5 figures.
Again totally worth it and my circle are totally into it but lets not pretend like some guy at wal mart can pull themselves up by their boot straps and do all this.
In my experience the big 3 I have seen for getting out of the poor house are
1. getting super lucky in the military (where you fluke out and have the time to get a degree without having GI Joe as your boss AND you have an MOS that is fully transferable to the civilian sector along with a top secret to go along with it. As well as avoiding the back to back 12 month deployments and maybe only going on one 6 month deployment getting your 5 points and getting out.
2. Took the student loan gamble in STEM/medical and actually made it (or you were one of the 1/10 of 1% that got a full ride).
3. inherited a bunch of money and managed it really well.
There are also some trade people that do ok but it typically takes them most of their life to get something off the ground from what I have seen unless you got lucky and worked drilling oil in some remote part of the world or did welding or some other skilled trade and were in the right place at the right time.