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I started my own biz. From the two clients I have, I am now making more than I ever would working as a W2 employee. Not by a small amount either, but by a large fucking factor. We're talking the difference between 125,000/yr vs 400,000/yr, it's insane

I started my own biz. From the two clients I have, I am now making more than I ever would working as a W2 employee. Not by a small amount either, but by a large fucking factor. We're talking the difference between 125,000/yr vs 400,000/yr, it's insane

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[–] 1 pt

Former business owner, can confirm, mad money is definitely possible.

The sky is the limit, unless you are like Elon.

Then the limits are somewhat higher still.

I know two guys who were in the financial industry, with themselves, and a staff of four secretaries, in a mid class office, (low overhead, total expenses about $200k per year,) who moved between two and three billion dollars worth of business through their office every year, of which they earned commission of 1% to 2% of everything that crossed their desks. Plus bonuses. Mainly they pushed some paper and talked on the phone. The secretaries did most of the actual work.

So, they earned roughly between $12 mil to $15 mil each, each year. Before taxes at 34% They got to keep about $7 to $10 million every year after taxes. For a couple of decades of a forty year career of working half days and playing a lot of golf.

They lived "very well indeed."

I have about a couple of dozen similar stories, all true. Business owners meet other business owners over the years.

Running your own business does not guarantee you are going to become wealthy. However, if you want to catch a fish, first, your line has to in the water You catch your fish while the fish are biting.