Ask HN : About risks

3 pointsby android521há 10 anos2 comments

I live in South East Asia. With my current stable job and moderate spending, I expect to have a million dollar savings in 8 years. (don't need to pay for rent. living expense is low ,about 1000$ per month, Capital gains from my investment can fully cover my expenses. I can save 100% of my salary).

My country's economy is expected to grow very fast in coming years. Number of Internet/mobile companies are close to zero now. So there are lots of startup opportunities. If I choose the startup route , I might have 10 million (my target) or even 100 million in 8 years. Or I will just fail and become broke .

If I choose my stable job (I don't dislike it), I will always ask myself the question "Is that it?" and there is no way I can get 10 million in 8 years (my financial target) with my current job though 1 million is still pretty nice.

Other than financial considerations, I have always wanted to start a business and be my own boss. But coming from a low income family make me nervous about the risk of failure and opportunity cost of time & money. I am 31.

Which should I choose?

1 comments

chriskedhá 10 anos

Let's assume you'll have the opportunity with 39 to post here again with 100M in your bank account and I'll ask you What's next?

What do you reply?

android521há 10 anos

Haven't thought that far. My goal right now is to have financial security so that I can live a comfortable life and never worry about money(reasonable spending of course). I think one should have a 10 year plan. Now I have two directions. Continue with a job or do a startup. just try to weigh the pros and cons.