I can sort of agree. I’m a biz owner and it’s a different world. But I’d clarify and put “micro business” (under 10 or so employees) as closely aligned. Small business is usually up to 500 employees, and I *think* it’s usually thought of as 50-500.
Fact is, I *can* print my own money. I do it as ethically as possible but it’s a vastly different world than 9-5 or day labor.
It’s a similar division between mortgage vs renting.
I wish I lacked a conscience sometimes though. It REALLY gets in the way of profit. But I’m just doing it to keep my in-laws stable-ish and to help our mortgage. Different world still though than 9-5 + renting.
Did it. Was fun. Made too much $$ at a Pharma, invested 53% of take home income (more if including pre-tax). Only invested actively from 2000-2002.Contrarian DRiP / long term style. Got a mortgage, moved.Lived off profits from 2002-2012, ate the principle away from 2012-2014. It was enough to establish micro biz, and stuff.Perfect? No. But I didn’t want that job anyway, so it was like free money all the way around.
I don’t know what investment vehicles I’d trust atm. Bubble too big now, untrustworthy Congress would make it hard to lean on for long, but I haven’t followed closely for a few years.Even if saving under mattress, shoot for 10% of income at minimum. Not sure where a trustworthy ‘magic of compounding interest” is right now Research heavily and avoid hype. Investing is 95% hype / sales, including most investment articles. That was always true.
Agreed. Index funds are almost always best, even if you just use standard index (DJIA, etc) with a cheap investing place.
Indexes by whatever means gives you least overhead. I suspect we’re in a big bad bubble ready to pop… but even if so, it’ll recover. If you’re in for the long term, markets usually recouperate and Presidencies are only a few years.