akor
Joined 12 years ago
Joined 12 years ago
Totally agree. I've seen or been a part of some startups (not the Silicon Valley kind) that made payroll but not much else and the effort that was required to get that (from leadership) was close to what I'd call all consuming. If I start something I want to go in eyes wide open but the more they are open the less I think what you hear about online matches most realities. By that I mean most small business offer a mediocre salary (for the owner(s)) for way more work than you'd do with an job/employer and you're still subject to outside demands that make you do the "not fun" stuff. You hear that if it's something you love then you haven't worked a day... but IME that's BS. Yes, if you work for yourself there are good parts but there may be more parts outside your control (payroll, taxes, employee issues etc) and I've seen it where they take so much effort to stay on top of that it's hard to work "on the business".
With all that said I'm trying to separate wanting the idea of a business from the realities of owning/operating one. I added it because it's been on my list for a long time and I've put a lot of effort towards understanding the "right way" so there is some part of me that feels like I'd be regretful if I didn't try at least one time with 100% effort.
Also the mind space I was in when I asked the question was one of "what do I want to put on my career & life resume for the next decade".
Thank you! I appreciate your input.
My first thoughts are this is close to what I've been doing. Responding to the events directly in front of me without truly taking into consideration the big picture. It's possible one difference is you're saying to be much more aware of the good (little picture items) and lean into that. I don't entirely think my lack of directed effort is a problem except where it comes to ruling out big picture items because enough of the small items passed that their isn't time for the big picture ones or where some prerequisites are needed and those would take years to master. There is some part of me that without the long term goals would feel adrift. Or possibly the stage of life I'm at just feels like needs to put higher consideration on "legacy".
Part of me thinks that in order to level up the next steps are going to require more focused effort which both requires knowing on some level what I want but also what I shouldn't be working on.
Anyway I really do appreciate your thoughts.
Thanks again I'll read through your frameworks today.
Honestly trying to think through what I do want now so I can work backwards. I have some ideas but I am not as clear as I feel some other people are.
Can someone help me understand this comment as to my knowledge WeathFront (WF) fees were the lowest in the industry. For example people talk about Vanguard fees as also being low but they're between 0.25% and 1% [1]. If it makes a difference I'm specifically coming at it from the lens of IRA retirement contributions.
Is the parent post saying the alternative is to figure out what specific stocks/ETF/index WF is purchasing and then purchase those with something like eTrade?
TIA