why start a businesswhy start a business while you are young The reason's why you should be starting and investing in a business of your own is many. Of course to be fair will go over the various disadvantages and advantages of owning your own business. The feeling of having your own business is one of the primary reasons I recommend investing in them especially if you are a young investor. The reason why I think it is important, is becasue especially when your poorer you will be mostly investing your TIME into the business.make financial plans Time is a person's most valuable asset if you think about it. Without time you could never make money, but of course the more money you have the more time you can can save. The problem with using a job for income is all your doing is selling your time usually for a HOURLY WAGE that never changes no matter how much THOUGHT OR HARD WORK YOU PUT INTO IT. With a business that your investing your time and energy in, your not just selling your time, you CAN be rewarded with more money if you put THOUGHT AND HARDER WORK INTO IT.\\\\\\\\Managing your time
why start a business-financial successOne of the disadvantages I hear about people who don't want to start a business is the fact that they have to pay all their own social security instead of just half of it in a job. This is true but what you must realize is that almost all business owners make up for this becasue they can use all kinds of TAX WRITE OFFS that help with the taxing part of what you pay the government. For instance in my state for every mile that you drive in as a business expense you get 25 cents off your taxes that you can use for a write off since driving in many businesses is a business expense. Investing in your own business allows for not only personnel freedom, but control over your taxes, your life, and how much you make depending on how hard you want to work. Why start a business when you are young? If you start when your young with even a simple business like mowing lawns, you learn more self discipline and respect if you take it seriously than you would at a job.you should have an emergency fund besides investing in stocks |