Tired of Trading Time for Money? Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
- Posts: 51
- Joined: Fri Aug 28, 2015 12:48 am
Tired of Trading Time for Money?
Good, because I am too. Let's brainstorm ideas for self-sustaining business models. Law related business ideas are great, we'll have an advantage as a result of our education. Here are a few obvious ones: 1) start a law firm; 2) sell online legal services; 3) sell books targeted at repeat customers (e.g., business owners) written in plain English so that non-lawyers can handle their own affairs.
- DELG
- Posts: 3021
- Joined: Thu May 15, 2014 7:15 pm
Re: Tired of Trading Time for Money?
oops @ becoming a lawyer then
- lacrossebrother
- Posts: 7150
- Joined: Wed Jul 30, 2014 11:15 pm
Re: Tired of Trading Time for Money?
Ok I'll write a book with you. Subject will be how to run a business by people who never ran a business. Our value proposition will be like businessmen are too results oriented so it's important to get an outsider's perspective
-
- Posts: 3436
- Joined: Sun Oct 26, 2008 2:39 pm
Re: Tired of Trading Time for Money?
What do you mean we literally sell our time in 6-minute increments?DELG wrote:oops @ becoming a lawyer then
- lymenheimer
- Posts: 3979
- Joined: Sat Jul 04, 2015 1:54 am
Re: Tired of Trading Time for Money?
Offer to use personal credit/money for electrical payments (or at least security deposit) in large student-living community. Electric company returns 8% on deposit after 1 year. ???. Profit.
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
-
- Posts: 275
- Joined: Tue Jan 07, 2014 10:00 am
Re: Tired of Trading Time for Money?
Invest. Grow. Withdraw 4% per year forever.
Much easier (and less risky) than starting a business.
Much easier (and less risky) than starting a business.
- Desert Fox
- Posts: 18283
- Joined: Thu Sep 04, 2014 4:34 pm
DFTHREAD
Last edited by Desert Fox on Sat Jan 27, 2018 3:58 am, edited 2 times in total.
-
- Posts: 3436
- Joined: Sun Oct 26, 2008 2:39 pm
Re: Tired of Trading Time for Money?
15 minutes seems at least more honest about the level of precision people actually are able to achieve in their billing.Desert Fox wrote:Billing in 6 minutes is for suckers, 15 min 4 LYFEdixiecupdrinking wrote:What do you mean we literally sell our time in 6-minute increments?DELG wrote:oops @ becoming a lawyer then
-
- Posts: 51
- Joined: Fri Aug 28, 2015 12:48 am
Re: Tired of Trading Time for Money?
You can say that again. On the bright side, our hourly slave labor brings in startup capital.DELG wrote:oops @ becoming a lawyer then
Less profit potential as well. Unless you're putting your money in high risk investments, which require constant research and monitoring.n1o2c3a4c5h6e7t wrote:Invest. Grow. Withdraw 4% per year forever.
Much easier (and less risky) than starting a business.
I don't fully understand your idea, but you're on the right track. I think there are plenty of ways for attorneys to generate passive income.lymenheimer wrote:Offer to use personal credit/money for electrical payments (or at least security deposit) in large student-living community. Electric company returns 8% on deposit after 1 year. ???. Profit.
-
- Posts: 5507
- Joined: Thu Mar 31, 2011 8:06 pm
Re: Tired of Trading Time for Money?
1. develop useful new software
2. license it or get bought out
3. sit on your ass
2. license it or get bought out
3. sit on your ass
- lymenheimer
- Posts: 3979
- Joined: Sat Jul 04, 2015 1:54 am
Re: Tired of Trading Time for Money?
Haven't 100% thought out the logistics. All I know is when I moved into a new place, I had to put a deposit down for my power (only 2 months expected bill). As long as I pay my bill over the next year, I get my deposit back +8% interest (if I read it correctly). Since I assume they won't let you deposit more than that, it is necessary to find others to let you deposit for them. Get your 8% ROI after a year? Better than most low-risk trades and higher than that 7.9% loan interest.Tyler_Durden wrote:I don't fully understand your idea, but you're on the right track. I think there are plenty of ways for attorneys to generate passive income.lymenheimer wrote:Offer to use personal credit/money for electrical payments (or at least security deposit) in large student-living community. Electric company returns 8% on deposit after 1 year. ???. Profit.
- DELG
- Posts: 3021
- Joined: Thu May 15, 2014 7:15 pm
Re: Tired of Trading Time for Money?
this is basically the premise of appraisal suits in DElymenheimer wrote:Haven't 100% thought out the logistics. All I know is when I moved into a new place, I had to put a deposit down for my power (only 2 months expected bill). As long as I pay my bill over the next year, I get my deposit back +8% interest (if I read it correctly). Since I assume they won't let you deposit more than that, it is necessary to find others to let you deposit for them. Get your 8% ROI after a year? Better than most low-risk trades and higher than that 7.9% loan interest.Tyler_Durden wrote:I don't fully understand your idea, but you're on the right track. I think there are plenty of ways for attorneys to generate passive income.lymenheimer wrote:Offer to use personal credit/money for electrical payments (or at least security deposit) in large student-living community. Electric company returns 8% on deposit after 1 year. ???. Profit.
-
- Posts: 275
- Joined: Tue Jan 07, 2014 10:00 am
Re: Tired of Trading Time for Money?
Stock market returned 10.4% historically over the 20th century. As long as you're diversified, making money through investments is fairly mindless and low-risk (at least over the long-term, which is the only term about which you should care). Far lower taxes too.Tyler_Durden wrote:Less profit potential as well. Unless you're putting your money in high risk investments, which require constant research and monitoring.n1o2c3a4c5h6e7t wrote:Invest. Grow. Withdraw 4% per year forever.
Much easier (and less risky) than starting a business.
Register now!
Resources to assist law school applicants, students & graduates.
It's still FREE!
Already a member? Login