income

Should I go back to work?

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What do my readers think? Should I go back to work or keep working on my business?

Our school is now not really able to pay me much of a salary, because of the lack of profits in the coming six months. We’re facing a cash shortfall at home as well in the short term, because both of our incomes are dependent on the business.

I have considered going back to work, to stabilize our family income, but I wonder if that would take away from the experience of, and need to, looking at our business and trying to make the machine work better.

I’d appreciate some input on this matter from readers… so comment away.

Kenneth

Salary Slaves: Are you one?

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Well, to explain: I don’t want to work for money per hour, I think loretta said “wage slave. Right now, I part own my own business, but I’m too busy working at it as a teacher, that I don’t have time to create more opportunities. This is not what I had in mind as a business.

Also, I had to pass up some opportunities because I didn’t have the time or money to invest in expanding my own opportunities. So then I began to think of how to raise capital without working at a job, ie. having remuneration based on how many hours you work or a boss’ (unfortunately, some of the posters fell into the bear trap and tried to answer by saying getting a job or working more not my point, guys! but then I should have had more context.)
Do you want to have it to invest in something else œreal estate, stocks, mutual funds?

Yes, I do. I want to invest in expanding my business. Developing new business(es), perhaps real estate, too. I just don’t see much future for the stock market right now. I’d only invest there as a place of last resort, i.e. can’t find better chances.

>>>As mentioned in other posts, it would certainly be possible to save a million NT$ by living frugally over the course of a few years. If you have two incomes and no kids then this could probably be done in a year.

I agree that can be done, but sorry not my point, but thanks.

I like some of the other ideas, posted as well. Keep at it.

Kenneth

Independently wealthy or just a great salary?

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Ask Steve – Money and Financial Issues

What do I do with the excess cash that the business is throwing off?

An answer for you, Steve!

I understand your situation, but I am concerned that your perception may not be quite right. Yes you do have a LARGE salary, well-done. You manage your debt wisely, too. YOu have enough savings for “Quite a while”.

I however.. Continue reading →