Do you think self employment is the road to riches?

Question

Is it more realistic to attain financial freedom being a business owner as opposed to regular employment?, even if you have a well paying job.

Answer 1

self-employment is the only way to get rich, unless you climb the corporate ladder to CEO after about 50 years....some people do get lucky...

if you end up being an employee making ALOT of money and it makes you rich, just remember your boss always going to be richer than you

Answer 2

It is the road to self riches for sure. but this road has a lot of bumps. But a rose comes with thorns and the one who can remove the thorns effectively and enjoy the sweet smell of the rose.
Okay now i know i m bad at giving examples but self employment is the best way to get rich.
I can give u a few examples.
Bill Gates
Dhirubhai Ambani etc

Answer 3

The United States, like every other country in the world has limited resources and can only withstand a limited population. Also migrant workers work for much less that minimum wage. A century ago, without minimum wage, people would lose their jobs to others who would work for a few pennies less. It was a horrible downward spiral that cast many families into poverty. Migrant workers do not demand minimum wage and therefore contribute to the poverty level. Lastly, citizens of the country pay taxes. The taxes fix the roads, build the schools, pay the military and do countless other jobs that citizens demand of the government. Illegal residents can take advantage of these things for which our taxes pay but need not contribute anything to them. Mexicans must raise standards in their own country, make Mexico a better place to live for their coming generations instead of standing on the shoulders of our fore-fathers who suffered and died to make this county great for us.

Answer 4

Absolutely, 100% yes. Owning a small business is merely a vehicle to help you increase your net worth. MLM included. Do you know of any regular jobs that pay upwards of $60,000/mo? I certainly don't. But I do know many home business owners who earn that and more. Because the income is residual, your net worth increases very rapidly. You are paid in direct proportion to the amount of work you do, unlike any well paying job. This gives you the finances, time and freedom to pursue other investments.
People talk about the risk, I believe there is no risk. I invested under $200 to start my own business, which was a risk I was more than willing to take. If I lost it, I lost it. I started earning an income my 2nd day because I believed in the product and was able to convey that belief to a lot of other people. As a result, we are all earning a very nice income.

Answer 5

You are more likely to become wealthy from owning your own business than you are by regular employment. Unfortunately, you are also more likely to go bankrupt. How can you avoid the downfall? Pick a business you are good at, research the need for such a business, differentiate yourself from others in the business, and always be aware of what your market is doing.

Answer 6

I do think so. But I believe that you should get educated first, then work for a company that teaches you the principles that you can't learn in school, then start development your ideas for you own business, start the new business while you are still working, then when your business is strong enough and more importantly you have enough money to start, do it. Then you just need to plan, be creative and wise.

Answer 7

Absolutely. Be careful though to avoid the allure of pyramid schemes like MLMs that call you a "business owner" when really you are just a small piece at the bottom of the pyramid. Opening a real business can be one of the most difficult yet rewarding things you can do.

Answer 8

I am self-employed, and I make very good money, but I work A LOT. I believe its much better than a regular job. BUT now, I am developing a different kind of income with a young opportunity presented to me, and timing is everything, b/c I do want my time back. I wish you the best. http://www.onlydream.biz

Answer 9

i own a computer repair network admin business and i still work on the side in other fields to supplement my income. i have created 11 full time jobs which i am proud of but i don't want to work after i'm 50. so i have to go the extra mile to achieve my goals.

Answer 10

I guess it just depends on the type of self-employment you pursue. You can make good money through both types. If you are interested in earning extra cash every month, go to my profile, and check out my blog. There are great ways to earn money online!