Business owner here. Most of the people I know who are very wealthy own their own business. Could be the crowd I run with.. As for safety net, that's part of the reason businesses can pay well -- reward for the risk. Her safety net is savings and going back to her current job/profession. |
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OP what income is "comfortable UMC" for you?
We are in our late 30s. HHI is 350k. I make around 100k and DH 250k. I started my own consulting firm 3 years ago and started with 50k annual income in 3 years it went to 100k. DH in middle management- 5 years ago was making 110k and now jumped to 250k. I feel we are UMC. |
| OP are you being serious with your question? I’m having a hard time believing you’re not a troll. |
Well, it's a self selected group - you are successful and associate with other successful people who had successful businesses. Most small businesses fail, this is simply a fact of life. That said, I agree with you that running your own business is actually one of the easiest ways to get rich, because it requires no special certification or license, you just have to be capable and a hard worker. |
This confuses me. Are you saying you can charge higher rates b/c the failure is so high for your competition? |