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15-03-2023 01:15 AM
Jeffandrew
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19-05-2022 11:23 PM
Jeez
Quote:
Originally Posted by Unregistered View Post
Starting your own stuff requires a just try attitude.

You should try to fit it into your schedule, instead of hoping your schedule can fit it. Worry about not having enough time after you start it running. Can decide if you want to do it full time or allocate more to it at a later stage.

I don't see the dilemma to be honest. If you feel good about the new job, just take it and start your project too. If you don't feel good about the new job, then wait for a better offer or role.
Hey that's some good advice. Thanks!
18-05-2022 01:10 AM
Unregistered Starting your own stuff requires a just try attitude.

You should try to fit it into your schedule, instead of hoping your schedule can fit it. Worry about not having enough time after you start it running. Can decide if you want to do it full time or allocate more to it at a later stage.

I don't see the dilemma to be honest. If you feel good about the new job, just take it and start your project too. If you don't feel good about the new job, then wait for a better offer or role.
18-05-2022 12:30 AM
Jeez
Quote:
Originally Posted by Unregistered View Post
I think the question that you need to ask yourself is why you haven't started your sideline and why are you in a dilemma?

If you are still in a dilemma and haven't started anything, just take on the new job. You may be stuck in the status quo forever even if you reject the new job.
Hey that's a really good question. And the risk of getting stuck in the status quo forever is also real. Not sure what's the definition of "starting", however I'm learning how to code for a few months now and also identifying which niche to go into - or in other words servicing clients from which industry/niche with my software company.

The dilemma here is the opportunity cost. Opportunity cost of losing that few grand annually (higher pay job) vs Opportunity cost of potentially earning more if that side biz takes off. Both options have trade offs, but I am not sure which trade off I should take.
17-05-2022 11:43 PM
Unregistered
Quote:
Originally Posted by Jeez View Post

Current situation:

In my early 30s, working in a cybersecurity job that has great WLB (9am-6pm/5 work days), am thinking of starting a micro Saas company and working to accelerate the capital required for the investments. The idea is to work on own biz during free time (Work on weekdays 1-2 hours before leaving home for work, another 3-4 hours after work. Work on full day Sat + 0.5 days Sun)
I think the question that you need to ask yourself is why you haven't started your sideline and why are you in a dilemma?

If you are still in a dilemma and haven't started anything, just take on the new job. You may be stuck in the status quo forever even if you reject the new job.
14-05-2022 09:37 PM
Unregistered
Quote:
Originally Posted by Jeez View Post
Problem to solve/Target:

To earn 500k net over the next 10-12 years to deploy into high growth stock investments. Net worth target north of 2.5m in year 2032-2035.

(Current net worth about 200k, consisting of about 90% equities and 10% cash).

*All denomination are in SGD.

Current situation:

In my early 30s, working in a cybersecurity job that has great WLB (9am-6pm/5 work days), am thinking of starting a micro Saas company and working to accelerate the capital required for the investments. The idea is to work on own biz during free time (Work on weekdays 1-2 hours before leaving home for work, another 3-4 hours after work. Work on full day Sat + 0.5 days Sun)

Dilemma:

I have a job offer that pays me higher, but may require more time at work and mental capacity as the team is new and expanding(AKA overtime, meetings to senior management etc). So do I

1) Stay at current job with great WLB and try to make something work in the next few years with the available time that I have OR

2) Accept the new role and use the increased earnings primarily to invest, and if there are free time available continue to work on my biz?

Trivia question:

With entrepreneurship raging on social media these days, is it actually possible to make a micro Saas company work in Singapore and churn out meaningful income to inject into investments?

Is there a huge survivorship bias going on and difficulties of entrepreneurship severely underestimated?

Would like to pick on all of your brains for opinions. Constructive criticism is HIGHLY encouraged. Please fire away.
Still young. Always increase your earning power at this stage.
14-05-2022 04:42 PM
Jeez
Quote:
Originally Posted by Unregistered View Post
2.5 mil in 10 years based on 115k annual package? HAHAHA u can dream on bro
Focus on earning more first dude xD. A reasonable net worth target with that income is 1.2-1.3mil for u, thats if that "high growth stock" doesnt burn your cash away
No disrespect, did u read the question properly? Do you actually understand what I'm asking? In case u missed it, the actual question was deciding between a good WLB job + more time for side biz VS a slightly higher paying job + lesser time for side biz - in an attempt to bridge the investing cash/capital gap.

Wasn't actually asking for a "reasonable" NW too. Kinda obvious it's gonna be extremely challenging to reach a 2.5m NW depending SOLELY based on a 115k annual paycheck for investing capital. Cheers and thanks for your quite unhelpful input.
14-05-2022 02:48 PM
Unregistered 2.5 mil in 10 years based on 115k annual package? HAHAHA u can dream on bro
Focus on earning more first dude xD. A reasonable net worth target with that income is 1.2-1.3mil for u, thats if that "high growth stock" doesnt burn your cash away
14-05-2022 10:38 AM
Jeez
Quote:
Originally Posted by Unregistered View Post
how much offer you get?
Abt 115k annual package.
14-05-2022 06:11 AM
Unregistered how much offer you get?
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