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Cheers to the long Memorial Day weekend 🇺🇸🥃🙌🏼
Thursday sub. Be cool fam.
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What are the perks in PWC?
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PwC parental leave benefits?
Perks of renting from National vs Enterprise?
Tell me your top three life lessons so far
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You absolutely CAN get rich “working for someone else”. It’s about the things you spend your money on and not your income.
Example: If you simply max out your IRA in index funds from ages 18 to 30, and you never invest another penny the rest of your life, you will retire a millionaire.
Simply make a habit of buying things that pay you to own them instead of buying things that cost you to own them.
What if my life doesn’t revolve around being a workaholic instead of simply enjoying life. Everyone thinks they are an entrepreneur. It’s just simply not for everyone. I enjoy working a 9-5, taking time off, and making enough money AND reducing my debt so I don’t have to worry about that and live comfortably.
My husband owns a successful small business now, but it’s not as easy as you think. Millennials want to be entrepreneurs but it’s all the sweats you put in for the money you make.
Move to the Bay Area OP all you’ve got are “entrepreneurs” running around and all our major freeways are littered with failed companies. It’s not easy to be a unicorn 🦄
http://smbc-comics.com/comic/path-of-a-hero
Many obligations from pursuing entrepreneurship instead?
@D1 no it’s not unless they are giving you equity. Otherwise you are just helping build someone else’s dream
I view this time as building both intellectual and financial capital before launching my own venture. Honestly, I didn’t feel like I knew much about the real business world when I was fresh out of school
Soo is your team hiring? :D currently traveling and on 7:30-6 workdays plus the usual 4-6 weekend work hours/calls and night calls with offshore... and I’ve heard of a lot of people with schedules similar to mine unfortunately
Not necessarily...if you sell an invention or software that you created yourself, you could potentially make millions. Likewise if you invest your own money, do well, and convince many many others to invest with you, you could make billions. Obviously if you're out there all day working on building furniture by yourself and selling it, you won't be rich or have much freedom.
Startup would totally qualify (if given equity). I'm just saying, I personally feel like we're putting in all the hard work and stress, and seeing little of the reward. If that energy and motivation were directed towards our own endeavors, it could be well worth it.
I’m at 125k in Chicago and I feel fine. No real desire to hit 150-200k but honestly it probably will in 5-10 yrs
Even then owning your own business doesn’t let you live well. I live a lot better than many of my entrepreneur friends...even those with $20m + in funding raises They are constantly on patrol for the next sugar daddy to pay in to their company. Each time they find a new one, more equity goes away.
D2- I agree that a million is not much but disagree with your second point. Having a million-dollar salary does NOT make you a millionaire, having a million dollars in assets, does.
True. But if ur the only one in ur own company u can get rich either. You have to grow it. If u are ur own boss and the janitor ur a slave to ur own company. #RayCrock
My landlord won’t accept shares of my company for rent payment.
The food truck guy won’t accept shares of my startup for a meal
My goal is to make partner, which is rather like working for yourself, except with a lot of the administrative stuff taken care of by the firm
@PwC2 I think the point is that we are already putting in long hours for client + firm contributions so why not devote those efforts towards your own company that will provide you with a higher reward. Obviously higher risk is inherent in this equation as well and we would have to put more work upfront than we are doing now
What if those professionals were willing to teach you what to do, share their successes with you, and you share your successes with them? That is the partnership model where most of us currently work.
So I’ll take that instead of go out on my own. I like my hobbies anyways
Risk
But BA 2, are you actually working 9-5 and taking time off? My exp in 2.5 years is more like 7:30-6 or so and not too much time off... i would also enjoy and be fine with what you stated too