/biz/ - Business & Finance

Do you have a business

>>10430948
30 years to make 2 millions $?

Better be dying in Iraq fighting muslims

>>10430948
the truepill is that chasing "making it" will never make you happy because you'd just want more as soon as you hit your next target

neetdom is the one true path

>>10431171
no,well i own a rental property that i inherited but thats about it.
Looking to start something though. I did the calculations. id only able to save up only so much if just poured my savings into my bank account.
But a business has a greater multiplier effect that savings as your arent trading in time for a check.

>>10430948
You want to know the secret? Pretend you already have the secret and sell it to a bunch of secret seekers. Poor people are poor because they want to be poor or they made compounding poor choices and choose to remain poor.

>>10430948
If you’re smart, went to college, got a good job (mainly STEM or finance) and work hard then it’s it’s really not that hard to be making 200k/year on average over a 10 year period. If you have a high savings rate and invest all of it you can make it to 2MM in 10 years.

>>10431221
It depends on what your goal is. Mine is to never have to work again. Once I reach that goal, I will have no reason to chase more money.

>>10431291
Do you really want to piss away 10 years of your youth?

>>10431297
most people who say this keep buying more and more shit that they have to keep paying out for, so end up needing to work forever

be careful brother, mashallah

how do I start a business when I have no money and no skills but I have an economics degree

>>10430948
i inherited a million dollars. will i make it anon?

>>10431353
i know a few that fell into this trap. They earn 175k a year but their expenses are super high then again you have those who earn 60k to 80k a year and save 60% of their earnings into high div stocks.

>>10431297
this.
Still in STEM but I want to get out of this rat race.

>>10431361
learn a skill, go door to door selling.
My friend job was door to door, personally i hated it but it taught me alot

>>10431361
Find problems that people are having in the field of Economics and fill that need.
If you can't find a problem in Economics that can be sold then just do the same thing for any other field, it doesn't necessarily have to be related to your degree.

>>10431249
I'm also looking to start a business for the same reasons. I like the idea of SaaS so I'm learning to code.

>>10431361
bump. Graduated in STEM a couple months ago. Got some money and looking to establish income streams fast to support me while pursuing a larger business venture. Any ideas?

>>10431462
redpill me on SaaS, why do you need to code for that?

>>10431492
Well you don't, but it saves money coding it yourself assuming it would cost a bit to have someone freelance it. Basically the software is not a physical product so there's no manufacturing/shipping involved. You can charge pretty high margins or offer it as a subscription service. All you need to do is maybe fix an occasional bug or update it if necessary.

I've just seen other people with SaaS products charging over $50/month for access to your software. If only 100 people used it, that's $5000 of revenue per month.

I'm just looking for a SaaS idea at the moment.

>>10431492
Where you based?

>>10431297
Except you literally will want to work anyway

>>10431657
Yep, but it will be on shit that I enjoy with no regard for how much money it makes.

>>10431291
>over a 10 year period
Except that 10 year period will be
either from 40-50 or
from 25-35 working 100hour weeks. Both choices suck dick

>>10431657
He said "have to". Working on shit you feel like doing is completely different from having to work to make ends meet. Derp.

>>10431361
Become a distributor of in demand foreign products. I also have an economics degree and I resell machines to welders for a 40-60% markup. Transport and administrative costs eat about 20-25% of that and I have little inventory (only returns).

>>10431673
>>10431717
I know, but then again you will probably work in the same type of job anyway because that is your skillset.

>>10431776
Lol no

>>10431563
gimme an example this seems interesting

>>10431776
lol no. Formal jobs don't give as much time off as I'd take if I had the choice. I would never work a formal job if I didn't have to.

>>10431563
also there are several SaaS products available which one are you coding for?

>>10431221

I've been a NEET since 2011 and if you can live on a budget then it can be a very comfy lifestyle. I get $1k a month in Disability, $200 in foodstamps, housing vouchers pay $900 a month for rent and utilities, I get $5500 a year minus tuition from the Pell Grant, bonus cash from scholarships, bonus income from tutoring and allegedly selling Adderall during midterms/finals.

All I do is go to college full time and it's a lot of fun. When my friends ask me how I afford my apartment, clothes, etc. I tell them and they always get super salty and call me a conman or deadbeat. I learned to just say scholarships.

>>10431858
Code your own new SaaS product

>>10431311
You’re assuming that working = pissing away time. I know most people on /biz/ can’t relate, but a lot of people with good careers actually enjoy their work. I have friends who are doctors, computer scientists, engineers, business owners, bankers etc. who unironically enjoy their jobs and find them fulfilling. I’ve been making 100-200k/year for the past 3 years (23 yo) and I have enough time to hang out with friends, travel, enjoy life etc. I work about 50 hours/week (I live in a country where work hours are relatively short). I would definitely prefer my current job that I actually enjoy over doing unskilled labor for 30 hours/week EVEN if I made the same amount of money doing it.

>>10432188
How can you enjoy doing any given activity for 50 hours a week? With the exception of necessary sleep, I can't imagine wanting to do that much of any one thing.

>>10431860
>NEET
>college full time
Pick one

>>10431291
If your goal is to make 200k a year, enter the medical field

>>10431291
>>10433148
Also, 2 mm is not "rich" desu. You'll be well off and never have to work a day again, but you're not rich.

>>10433148
takes 4 years of college 2 years premed and another 4 years of med school + internship

The blackpill is that unless you are trust fund or 1/100000 lucky, you are fucked and must sacrifice your youth for money

The ultimate blackpill is that money doesnt matter, its all about finding some activity that you can get lost in. Consider a banker who spends 8 hours a day worried hes not making enough money while hating his job, vs a painter who is really poor but spends 8 hrs a day completely focused and "lost" in his work.

The key is to find something you can lose yourself in. That is the only escape from this horror called life.

T. 30 yr old banker who hates his fucking life despite good living, cute gf, and nice car, and is most at peace when writing novels nobody will ever read.

>>10433283
>six years of undergrad
Wat? You need a Bachelor's in anything, ~9 prereqs, volunteer/shadowing/research/ and MCAT. Also, there is dentistry if you don't want to do a residency.

>>10433320
based.

>>10433334
thats 15 years+ in college

>>10433976
No, it is eight.

>>10431372
That is not very much money