Originally Posted by
Freightman
It's really not a whole lot different than a commission salesman, responsible for his own expenses. People succeed and fail everyday. Regardless if what you do, you're either good enough or your not.
Having said that, as in other professions, it's wise to have living expenses sufficient for, let say, 6 months, set aside, while one figures out out if they gave the mettle for this or not. When I went out on my own 20 years ago, I managed to whittle my cost of living down to a low level, so, if there was trouble, I could still survive. It's fortunate that I took that course, as in the beginning g, I came close to failure.
My income today, from my gruelling average 5-6 hour work week, is actually sufficient for household expenses. I've yet to dip in to retirement funds. Other than this past year, I've always paid taxes due on investment income from normal take home. In other words, full growth was reinvested. For me, the leap to full time pro, from a dollar perspective, is nothing. Don't think my body could take full time pro status though, so, I'm sorta content doing it in a part time basis. I write this from the comfort of our neighbourhood French bakery cafe, having just Completed a leisurely lunch.
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