Quote from: OgNasty on August 27, 2025, 10:35:25 PM

Quote from: SUPERSAIAN on August 27, 2025, 10:29:07 PM

Being your own boss is something everyone wants. But I'm not entirely sure if being a boss or owning a business is for everyone. Some people can be better and more productive by working hard, advancing in their job, and earning a higher salary. They can also grow rich with this higher salary by making various investments.

They don't necessarily need to start a business. Starting a business carries significant risks, and not everyone can manage them.

I think it isn't so much being your own boss as it is having passive income. That's the secret to really being able to enjoy life in my opinion. You want to be able to earn money while you sleep, so that you don't have to work until you die.

When I say I want to own a business, I'm talking about owning stock in a company like Altria that kicks off massive dividends and has seen huge gains over a period of decades. All you have to do is buy it and collect money. More people should look at investing in stocks as opposed to starting businesses. I think the majority of businesses that fail could have likely provided their owners with decent income if that capital had been invested rather than burned. It is easy to get a business loan though, and nearly impossible to get a decent rate loan to invest. So I understand why the path of least resistance for many is starting a business.

You're absolutely right that the secret to financial success lies in passive income and investing. For example, it's not about being a boss or an employee, but about how you manage your earnings and what you do with them. No matter what you earn each month, if you don't save and invest those savings to generate passive income in the future, that money will simply disappear.

Businesses often make this mistake: unlike individuals, they don't invest their money in other profitable ventures, and in the end, they fail because they're fixated on a single source of income.