>>59616025
>He tells me constantly not to start a company, that it's not worth the stress and you can make more by just working consistently. His point is that if you fail at running a business you can go bankrupt and your employees also suffer
He's not wrong per-se, owning your own small business is a LOT of work, you get few or no holidays for at least the first few years, assuming you're successful, and the hours are insane sometimes, it ALL falls on you every time.

But if your business works and is successful, its an incredibly fast track to success and you can scale up from there.

>little sister gets job as bartender at local pub that just opened up
>new suburb, owners spent big on a large chunk of land
>restaurant, bar, function area and sports betting area all included
>they were on hand, middle aged couple with 2 of their adult kids helping too set it up
>reasonably priced drinks, professional staff, decent food, quality security, the place quickly becomes popular
>after only 18 months from the launch of the place, they sell it for millions
>this couple and family have been doing this for decades all over the country apparently, either buying an existing bar that went bust, or simply buying land and building it up from scratch
>they know how to run a bar/restaurant, they're great at training and managing staff and customers, they have all the skills they need to make it successful, and they dont mind simply selling it for a decent profit once a good offer comes in.
That couple can jetset around the globe for their entire retirement no problem, because they capitalised perfectly on their skillset.

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Anyone else have boomer parents who failed to get rich?My parents earned 6 figures decades ago when the dollar was still worth something and…

Anyone else have boomer parents who failed to get rich?
My parents earned 6 figures decades ago when the dollar was still worth something and…