younginvestor2013
Recycles dryer sheets
- Joined
- Feb 6, 2013
- Messages
- 226
Hello,
I have lately been considering entrepreneurial ideas in place of working for "megacorp" until retirement. As some of you may recall, I recently posted about some money I inherited. This money, combined with my personal savings, amounts to about $280,000.
I am 23 years old. I consider myself fairly astute, observant, and analytical. I come from a family of entrepreneurs (which is how/why I inherited the money I did).
Before I graduated college, I had this drive and energy about entering "the business world". Since I've started working, I've learned that (generally speaking), as long as you work for someone else, you will/should do your job the way they want you to, not what you think is best. I've received positive performance reviews, but just drag on the thought of going to work and being micro-managed.
I know this sounds superficial since it kind of "goes with my story", but it is true: when I want something bad enough, I will go to many extremes to get what I want. When I was looking for jobs before I graduated, I was so motivated and was one of my only friends to get a job.
I think if I were to start my own business I would be much happier in the long run. I like earning money and staying busy/sharp ("working"), but I don't like doing it on others terms. I think this is why I am intrigued by the idea of "early retirement".
If any of you were in my shoes (with a $280K net worth at 23 - with no family, debts, or other financial obligations), what would you do?
I've thought so much about these scenarios lately that it is somewhat sickening. I've concluded that the main two paths for me are:
1) Quit corporate america to pursue my own endeavors. Take more risk, possibly fail and lose some substantial money. The more risk might equate to much more happiness and control down the road
2) Suck it up in corporate america. Make the most of my free time and still likely retire early anyway.
I realize the big "caveat" to this is that I don't necessarily have an entrepreneurial idea. As of now, I am thinking of more "bread and butter" type ideas such as franchises (more along the lines of "up and coming" franchises), land lording full time, gas stations, dry cleaners, seven eleven, etc.
Do any of you think that you wouldn't be as focused on "early retirement" if you weren't working for megacorp and instead were working for yourself?
Your input is appreciated! Thanks
I have lately been considering entrepreneurial ideas in place of working for "megacorp" until retirement. As some of you may recall, I recently posted about some money I inherited. This money, combined with my personal savings, amounts to about $280,000.
I am 23 years old. I consider myself fairly astute, observant, and analytical. I come from a family of entrepreneurs (which is how/why I inherited the money I did).
Before I graduated college, I had this drive and energy about entering "the business world". Since I've started working, I've learned that (generally speaking), as long as you work for someone else, you will/should do your job the way they want you to, not what you think is best. I've received positive performance reviews, but just drag on the thought of going to work and being micro-managed.
I know this sounds superficial since it kind of "goes with my story", but it is true: when I want something bad enough, I will go to many extremes to get what I want. When I was looking for jobs before I graduated, I was so motivated and was one of my only friends to get a job.
I think if I were to start my own business I would be much happier in the long run. I like earning money and staying busy/sharp ("working"), but I don't like doing it on others terms. I think this is why I am intrigued by the idea of "early retirement".
If any of you were in my shoes (with a $280K net worth at 23 - with no family, debts, or other financial obligations), what would you do?
I've thought so much about these scenarios lately that it is somewhat sickening. I've concluded that the main two paths for me are:
1) Quit corporate america to pursue my own endeavors. Take more risk, possibly fail and lose some substantial money. The more risk might equate to much more happiness and control down the road
2) Suck it up in corporate america. Make the most of my free time and still likely retire early anyway.
I realize the big "caveat" to this is that I don't necessarily have an entrepreneurial idea. As of now, I am thinking of more "bread and butter" type ideas such as franchises (more along the lines of "up and coming" franchises), land lording full time, gas stations, dry cleaners, seven eleven, etc.
Do any of you think that you wouldn't be as focused on "early retirement" if you weren't working for megacorp and instead were working for yourself?
Your input is appreciated! Thanks