I am 23, graduated college and started a full time job. I realized fairly quick I really prefer working for my side business than my full time job. I’m not a fan of being “controlled” and hate not having control of my life in that aspect.
Last year I mad 60k as a project coordinator in construction in NYC. I also made 40k pre tax on the side weekends and after work some days.
I think it’s in a position to replace my income with full time. Effort but want to make sure I’m doing it right with as little bumps as possible.
Any advice?
My business would be handyman/ landscape projects.
Have one full year of living expenses. At some point, shit is gonna happen and you’ll have to ride out the shit storm. Since you don’t know how bad the storm is going to be, the standard 6 month emergency fund isn’t sufficient.
I unexpectedly had to not pay myself. I went 11 months without a paycheck or expenses reimbursed, but we survived.