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by ramblerman 5161 days ago
Nowhere in the article was "earning money" chastised as being bad. It just suggested there are better options if that is your main goal.

"If you’re smart enough, if you’re talented enough, if you have the drive, if you have the ability, and you’re motivated by making money, then you should just get a real job instead, like become a banker or an investor or a consultant or something. You’ll be much more likely to make a lot of money over the course of your career than by starting a company."
2 comments
larrys 5161 days ago
"It just suggested there are better options if that is your main goal"

Totally depends on the person. I visited my dentist the other day who clearly didn't have a business head on him (we've spoken many times). He is better off and will make a better living as a dentist giving his intelligence and abilities. I'm married to a Physician and wanted to set her up in her own office. She isn't interested, she would rather just work for the Hospital and get a salary. Everyone is different. The best option for a particular person to make money depends on the persona and their abilities.

As an aside, as far as being a "consultant". In general (as always) a consultant doesn't really build any equity unless they have others working for them. They don't have anything to sell (to someone else as an entity) and over time need to constantly pick up clients and interact with clients. I built a business and after 10 years I had something to sell. It was something that didn't depend on me it had customers, employees etc.

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lusr 5160 days ago
That final statement is unfounded. If you have all those things, you're far more likely to make more money (and faster money) by building your own business.

You cannot escape this simple fact: if you're an employee, you are only getting a portion of the value you can and do generate. The only remaining question is whether you have the resources and environment to capture the value you can generate directly, without being the employee, to receive a larger slice of the value. (If you're, e.g. a doctor it's much more difficult than if you're a software developer; good thing I'm the latter.)

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