Adam@Home by Rob Harrell for July 28, 2012
Transcript:
Clayton; What's the best paying job? Adam; Starting your own business can have a nearly unlimited upside. Clayton well you're the one deciding how much you make. Clayton; Awesome! I'm starting a business tomorrow and I'll pay myself one million dollars. Adam; You need a little something called 'revenue' to pay yourself. Clayton; May I have some revenue please? Adam; It's all tied up in my offshore accounts.
According to my college econ textbook, the most common mistake the self-employed make is not taking enough profit to replace the pay an employer would give them for the same amount of work.