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Kasz216 on 11 October 2011
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richardhutnik said:
Kasz216 said:
Furthermore, most rich people ARE salaried workers for other people.  That's what CEO's are for example.
Sure LLC's and S Corps (there are more of these then LLC's) are great for people with their own buisness.... but that goes for those who are rich, as well as those who just have their own etsy store selling bracelts they make from Johanns fabrics.

According to the book, Millionaire Next Door, there are 4 times as many millionaire entrepreneurs as there are employees:

http://www.nytimes.com/books/first/s/stanley-millionaire.html

* About one in five of us is retired. About two-thirds of us who are working are self-employed. Interestingly, self-employed people make up less than 20 percent of the workers in America but account for two-thirds of the millionaires. Also, three out of four of us who are self-employed consider ourselves to be entrepreneurs. Most of the others are self-employed professionals, such as doctors and accountants.

 

Individuals who are self-employed are not salaried.  And when you are self-employed, you are your own boss.  Being self-employed, and acting as an entrepreneur, you have more control over your environment, and are able to take more chances.  There are exceptions of course, heads of large corporations, but among the rich, they are in the minority.

Also, take the case of individuals in professions who work for each other and generally get to the top.  These individuals are in sales and not salaried.  They live off commission, and can make a lot of money.  They aren't salaried.

You keep jumping around from "Rich" to "Millionaire" to try and make your points valid.  Please stick with one. 

Rich is $155,000 per year or so.

Aside from which as soon as you incorproate you DO become a salaried worker.

Everything you save is buisness related. 

Aside from which, you didn't actually bother to attempt to rebut any of the points i laid down except that one.

So you should really consider sticky to the points already at hand.  Aside from which....

More risks also mean more chances for loss.  Sure someone has a better chance of getting rich when they take more chances, they also have a better chance of going bankrupt.

As for commission jobs?  Usually lower level and they're exactly the kind of jobs people DON'T want to work.

Shit, I worked a commission job what was $10 an hour and $15 dollars a sale, i quit it because agressive selling is stressful as hell.