Related Posts
Johnson & Johnson Mondelēz International I am working as a Territory Manager with Cars24 from around 11 months and in total of around 6 years of working experience as a Team Leader. Data Management # Channel Sales # General & Modern Trade # FMCG # New Product Launch # Marketing & Finance. Looking out for a organisational and cultural change to enhance my productivity and learning.🙏Britannia Industries Limited ITC Limited Johnson & Johnson Nestle Dabur India Colgate-Palmolive Pepsico Marico Hindustan Unilver Limited Mondelēz Internatio
It’s Friday morning and I don’t want to get up! 🤓
Additional Posts in FIRE Financial Independence Retire Early
New to Fishbowl?
unlock all discussions on Fishbowl.
Starting a business sucks cash, so not really. It’s a gamble with a lot of potential upside. FIRE is stacking investments until you have enough to not work anymore.
If you are running a business, you aren’t retired. Even structured as a business, advisors run it but it’s not like a real business. No employees, no overhead, no customers.
Rental properties are a business
Key word here is independence, which means passive income.
If you play a key role in your business then it’s not really passive.
Maybe not a "key" but certainly a consideration.
Investing is kinda like owning a business.
Actually you’re entitled to a share of the assets after creditors are paid upon dissolution and you can vote (or assign your vote to a proxy) for the board of directors who direct the company...
Owning a business - Yes. This is exactly what cash equity is. Ownership of businesses.
Running a business - Maybe. This is, at the end of the day, a job.
Building a business - Usually not. This is similar to the live frugally for a bright future concept, only takes a lot of work and risk. Think- working out the garage for long hours and low pay the first 5 years. The FIRE plan generally is one which is dumb and simple enough for the masses, requiring only discipline. Building a business requires some aptitude and active work.
“Financial independence” - financial state in which you live your life as you please.
Is it truly passive if you’re constantly reviewing your holdings, checking the market, and performing any actions to ensure the cash flow is positive?
And you certainly will pay attention if/when all your cash flow depends on your investments.
I’d like to see a person in their 70s who can truly state that they practised FIRE, retired in their 40s, haven’t had a business since, and still had enough funds to last them for the rest of their lives.
This is the whole point of FIRE. You save enough money that you can live off 4% of your savings after retirement. With the assumption that over time your $ will make more than 4% each year. You should not need to run any business (if you don’t want).
Owning stock is owning a business...