Patience & Hustle Daily - What business would you start?

Patience & Hustle Daily

Today’s episode is a follow up to my previous episode, where I posed the question “how much money do you need today, to quit your job?” If it were tax free, how much would it be? What’s your number? And what would you do with it?

I got a mix of answers. Some picking $100,000. Others $1mil, and some said even more than that. I dug a little deeper to see what folks would do after they got the money. Some would invest it, some would pay off debt, some would start a business.

What I want to make clear, is that this question isn’t about you being able to be bought out of your dreams. It’s really to help you figure out, at what point, what number, would you feel comfortable jumping ship into this idea.

Check this. If you had enough money in reserve to pay for your basic necessities like, housing, food, utilities, etc… that would last for 2-3 years, you could go focus on this business idea you have, and not worry about failing. At the end of the 2-3 years, if the business failed, or just didn’t get off the ground, you’ve lost nothing. You could go get a job again. You didn’t lose any money; you didn’t get behind on bills. That reserve money was strictly for living expenses only. The business had to pay for itself.

So if you were to accumulate, or be given enough funds to pay those basic needs, for 2-3 years, what kind of business would you start?