(no title)
Alexx | 12 years ago
[Lowest payout] Totally guaranteed money - [Highest payout] Risky very unlikely money
On the left you have a salaried job. On the right a shoot for the moon VC startup. In between you have the entire range from trying to build products for 'passive income' on the side, to going alone starting a small cash-positive business, or freelancing. Your level of risk is entirely up to you, and the reward will usually be fairly linear, within your own earning capacity and skill set (money is fairly efficient in that sense!).
Working more hours or quitting your job fits into that scale along with all the other factors. If your appetite for risk is on the lower end such you won't quit, then you will have a harder time competing with people who've positioned themselves with more risk.
There will always be the outliers who just break the model though.
pdevr|12 years ago