101–110 of 181 posts
A viral video ( https://youtu.be/rNu8XDBSn10 ) that turned into a whole career.
So you make a living off of publishing on youtube? I was always fascinated by this model.
A viral video ( https://youtu.be/rNu8XDBSn10 ) that turned into a whole career.
My story. I worked my ass off for 10+ years, saved a little bit of extra cash after paying off most loans and then bought an online business that I was interested in. I tried doing both for 2 months in parallel. One day I woke up and said "F*k this. I am done. Gotta quit". I then went to my boss and gave him the notice. I did calculate my risks as the business was just bringing in enough to keep me floating (with 2 k…
Where do you find businesses to buy? Is there a site for this or is it just a word of mouth thing? I'm curious.
My story. I worked my ass off for 10+ years, saved a little bit of extra cash after paying off most loans and then bought an online business that I was interested in. I tried doing both for 2 months in parallel. One day I woke up and said "F*k this. I am done. Gotta quit". I then went to my boss and gave him the notice. I did calculate my risks as the business was just bringing in enough to keep me floating (with 2 k…
"... and then bought an online business ..." Where do you find businesses to buy? Is there a site for this or is it just a word of mouth thing? I'm curious.
Earlier quoted context omitted.
> It is tough, income is still less than I what I made in my cushy job But you have more ways to avoid taxes (both legal and not so much). If you get paid cash for anything, you may be able to conceal the income. You can creatively shuffle losses into the limited liability corporation, to avoid being personally affected, and basically just sock it to whomever the corporation owes. Self-employed people typically have…
I think you are being downvoted because of the "you may be able to conceal the income" part. You don't want to do that specially when running an online business (which is never cash based). Everything has a trail and you need to try and manage all records correctly. But yes, you have some ways to get some deductions for your business and write off a few things like meal expenses for client visit etc. But you cannot d…
Earlier quoted context omitted.
Brute force describes it well. At some point you have to take the plunge. You will likely learn fairly quickly if it's for you. Expect to fail. And while it shouldn't be a goal, my failures have always been more beneficial, more productive than any success. Success always has the risk of promoting complacency. Failure will test your character and grit. In the end you will know more about yourself having tried than no…
Quite a few people just are not comfortable taking this high risk (way higher than just investing in risky startups) with their own money, time and often health. Those unslept hours and stress are not negligible.
Much to my point about doing it young, if you are unsure, but you are tempted by the siren song of startup fame and fortune. The hype, glamour, fame and fortune is largely the exception and not the rule. The hard work and the hard lessons are much more the norm. The benefits you might receive are earned, and they are paid for in sweat, stress and sleepless nights.
The bottom-line is that it comes down to knowing yourself. You make a great counterpoint to those that are certain working for themselves, or starting a startup is their path.
If you are uncertain, the best way to confirm it is to test yourself, take the risk.
I woke up one day and realized that if I had to spend another day commuting for nearly 2 hours a day to sit in an office that I hated, I would lose my mind. So I quit and found a remote job. There are lots of remote companies out there, find one
Earlier quoted context omitted.
How does wife like it now? Is she happier despite the income disparity, or has it been a permanent sacrifice she has made for your happiness?
It is mixed feelings. She is happy that we are now close to the income we wanted even though progress has been slower than expected. Every once in a while, she does question if I did the right thing. Mind you though. Our expenses were very high when I quit. We got accustomed to a certain lifestyle back then and never had to think too much about money. That has changed but it does not mean we are poor. She is practica…
I escaped my nine to five years ago... I'm now at a startup and I'm 6am to 10pm ;) Mostly a joke.
Curious why people here hate 9 - 5 so much. I can understand starting a business if you have an idea you're passionate about and you're confident you can make you more money than you can make working for someone else. But most software development jobs actually allow you to have a lot of autonomy (flexible hours, work remotely, etc), a place to socialize with people who are likely going to have a lot in common with y…
The benefits you listed, "flexible hours, work remotely, etc"
Are, indeed, nice, but they are actually far more rare than you'd expect. Many places still require 100% "facetime" despite being able to commit & deploy code and take calls remotely, and some that don't require "100%" still will hem and haw over days that you are not in the office.
Not everyone is sitting in an (over)funded startup with foosball tables, a fridge full of beers, young & eclectic coworkers, and happy hours with the coworkers every other day - where as long as you complete your projects by/around deadline, you're happily well-employed.
And most are not in an area that complains over a "dearth of tech talent" and have the liberty to hop from job to job without actively searching, taking the time to interview several rounds, and locking in the second job before leaving the first.
Labor Supply and Labor Demand have upmost influence on these factors, and with thousands of intelligent people finishing coding bootcamps every day, Supply is far outpacing Demand.
The other key (and probably the biggest) benefit you're missing is legitimately coding for yourself with your own. You want to develop a "Slither.IO" type game by yourself with PhoenixOnElixir as an un(der)employed coder? Go for it. Because most of us aren't getting jobs at Blizzard or Riot. You want to build a fitness app in a city with only financial/legal/logistic coding jobs? Go for it! It's an unparalleled learning experience.