The average business owner makes around 60k a year.

[Kyle C. Barker]

Where do you live?

5 units and above is considered commercial real estate too




I need to find this area ASAP

I'll sell my house right now to cop that joint

 

[Ezekiel 25:17]

It's really that simple?

What's hard about saving 50% of your income?

 

[HARLEM AL]

People don’t understand working for yourself is not easy. You will put in long hours everyday until you get under your feet.

 

[Ezekiel 25:17]

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

$72k for the down payment. $1200x5 = $6000 a month. Mortgage, Maintenance, property taxes = $3000.

$3000 savings a month + $3000 rental income = $6000/month in yo pockets.

 

[iceberg_is_on_fire]

When kids get older, what is like to do is become a business consultant to new businesses in my area.

Many times in my life, I've seen establishments come and go and I've always wanted to use my professional career to help others. I'd do research to let prospective businesses know if they are getting into something good or not. Many times, people just go into business with nothing but a dream. You need more than than and I think with me being black, people might trust what I say more.

 

[Serious]

I'd say that as well..depends on the work though..but being your own boss is better.

I'd take $60KUS working for myself than working for someone else even though that would be a big paycut. I also think about the opportunities to write shyt off.

Is 60k as a business owner, really the same as a 60k as a W-2 worker.

Because I would write off a lot shyt as business expenses, to make my income look a lot lower than it really is to avoid taxes.

 

[mobbinfms]

@Nigerianwonder cool. I never stated anything other than 60k self employed is like 120k w2 wise with all the benefits. I see my income. Before I max social security and my 401k I net only 45% of my income breh...and if I was self employed doing the same thing...I'd be clearing much more.

Nah. You are running family expenses through your wife’s business.

 

[Atlrocafella]

My 9-5 is easy and I make around $90K/year now. Full health and dental, 401K, and got extra money to throw into the investments. I have no desire to start an LLC business.

 

[Fletch]

People need to stop worrying about “averages” if you want to own your own business your earning potential is actually unlimited. If everyone worried about the “average” we’d have no one doing anything big. This forum is really negative on success or people trying to succeed for some reason.

 

[JLova]

Is 60k as a business owner, really the same as a 60k as a W-2 worker.

Because I would write off a lot shyt as business expenses, to make my income look a lot lower than it really is to avoid taxes.

Exactly. You can write off a shytload of things. 60k business owner makes more in real dollars.

 

[Shadow King]

The avg person makes around 40k

The average person also isn't doing that well in this country

 

[Bubba T]

$72k for the down payment. $1200x5 = $6000 a month. Mortgage, Maintenance, property taxes = $3000.

$3000 savings a month + $3000 rental income = $6000/month in yo pockets.

You haven't thought this out.

 

[Will Ross]

The average person also isn't doing that well in this country

The point is the avg business owner is doing better.

 

[Ezekiel 25:17]

You haven't thought this out.

Awe you rent out houses and apartments? Put a breh on game. What's the best way to go about stacking money and buying houses and multi units?

My credit score is already decent, tryna hit 750 in 2 years or so

 

[Big Wiz]

On another note, what are some decent paying 9-5 jobs that require little to no experience?