So what do you believe in? Socialism? If you busted your ass, day in and day out to build a business, you should make no more than some lazy POS that barley makes it to work???
I fvcking love Capitalism cause I bust my ass.
Well, I dont bust my ass anymore and my passive income is double my monthly expenses, I'm 22 and retired, For your time and effort, If you should aquire assets that make money without you actively participating to produce its cashflow, So by building a bussiness you build a major liability, being that for the first few quaters if not years you not only have to work the bussiness but you have to find outside sources of income to support the bussiness. After that, when your bussiness actually starts to generate profit, you wont be able to pay yourself much, less you go back into the red, so in essence you work twice as hard than you would at a regular nine to five for no where near the same kind of cash. On top of that if its a sole proprietorship you stand the chance of losing all of your personal possesions should your bussiness faulter. If you incorporate you get taxed twice. You'd be better busting your ass for someone else, and aquire assets through leverage buying. I.e. rental property. keep buying assets until your passive income, profit from rent-mortgage, surpasses your expenses, ie food, your own mortgage, car payments etc. Then you can either retire on the spot, or keep working and acquire more and more assets, wich will make you more and more money. I love capitalism to a point, because I'm well off, however when i wasnt doing so well, capitalism eats you alive. Theres ups and downs, so im just giving some friendly advice to all you guys here, If you do shit right you can retire after 3 years of 2 full time jobs, and relentless searching for bargain assets.
P.S. In many socialist country, you can still own a bussiness. The taxes are like 25% but everyone has medical and everyone is elligible to go to college free. I think thats pretty cool, especially for struggling families.
