It's really that simple?
The average business owner makes around 60k a year.
- Thread starter Brolic
- Start date
It's really that simple?
fifth column
Superstar
Could tell it’s ducktales from the 6k per month in disposable income. Why not triple down on the business if you getting that kind of cash flow from property
fukk all that. 120k with my lifestyle means I can invest and not have to worry about things such as insurance. Work 9-5 with an in-demand skill, cake up, and only move to my business full time if it rivals my current gig AND I have a nest egg. I have had two businesses and that shyt is work.
The first sign someone don’t know a damn thing they talking about is when they discuss “writing stuff off” smh
Writing sh*t off isn’t some magical path to money. All it does is decrease your tax liability, and you still gotta pay taxes at some point my G.
You can make 60k, write off 10k of stuff and still owe 5k, meaning you really took home 55k…
Also your bookkeeper/cpa is not just writing off anything you idiots. They gonna make you show and prove that your expenses are necessary for the business, because if not, your bank statements will show that you have a personal piggy bank and no seperation, so good luck on that business line of credit my G
Under no circumstances is 120k 9-5 with health insurance and 401k not a better option by far than some 60k LLC
How TF is this even a discussion
Bro this thread is just as bad as LLC Twitter with all the babbling going on. A lot of people have no clue.
Someone in here really said they'll buy a 5 unit building and rent it out after two years of working at 120k, lmao.
jwonder
Superstar
The Observer
All Star
Nvm didn't read all the posts
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The best is to do what is best for you but RECOGNIZE AND ACCEPT what you ACTUALLY are as opposed to what you want to be. People have different needs, qualifies, and capabilities.
It comes down to what your values and goals are in life. You’re a Bulls fan so being competitive obviously isn’t an important thing to you.
It all goes back to the hip hop culture of always wanted to brag and stunt on other nikkas.
youre going to buy a 5 unit apartment unit in America for $72,000 and the $1200 a month you make from the 5units will = $6k a month disposable income with no mortgage, repairs, property taxes ? ok.
I can finally post after weeks
Stop the violence
BK The Great
Veteran
Owning is business is very hard, but you might be better off being your own boss than being a employer.
