Do you think self employment is the road to riches?

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.

Do you think self employment is the road to riches?
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
Reply:I have no knowledge of that - it is just my only hope right now.
Reply:no
Reply: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
Reply: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.
Reply:If you have the right business and clientele. Remember a sole proprietorship's success, or failure depends solely on your ability to generate business.
Reply: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
Reply: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.
Reply: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.
Reply:Yes. Its nearly impossible to become excessively wealthy working any kind of job.
Reply: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.
Reply:it's difficult to make money when your self-employed.
Reply: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.
Reply: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!

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