Question if I may, why does no one ever recommend building a home based business for whichever partner stays home? I always see this and I find it very weird. I mean, the space is there and whichever partner it is has the same network et al that they had before...but for some reason, building a business at home, which might eliminate or reduce the need for childcare, never comes up? Do you think it's situational blindness or something else?
Gas prices, dry cleaning, separate work budgets for lunch, coffee runs etcetera are also reduced or eliminated.....and still it isn't the first thing people suggest. Some sort of mental block keeps it from being recommended. Now that Cov*d id over, do you think we will be able to make it part of the conversation?
Well, I think almost everyone has the skill set, especially those who spend time doomscrolling all day. Ads, copywriting, GEO …so many people need help and those that can offer these things from home might also be able to charge less and manage more (with AI helper agents) than before.
The one person, multi-agent, multi-million business is probably a kitchen table affair.
I don't because I'm not at all techie, but everyone else just seems to be lacking imagination or drive. I've seen things here on Substack that I'd love if someone offered as a service, but tbh the block for me would be trust. Not skill. Most of the Substacks I subscribe to seem to be run by highly skilled folks who have buried themselves in a silo…which is weird. Maybe someone should build something to gain them some exposure.
Ah well, my thoughts aren't worth that much, but you are welcome to them, such as they are.
I think the major factor is life style creep. In your breakdown list, car payments are super high- lifestyle, miscellaneous-that’s a lot for each month, again lifestyle.
Thank you for your insights Puah - and I agree, lifestyle is a major part of it. But some of those costs are simply what things go for nowadays! Definitely a combo of the two. Appreciate your thoughts - have a great day!
Question if I may, why does no one ever recommend building a home based business for whichever partner stays home? I always see this and I find it very weird. I mean, the space is there and whichever partner it is has the same network et al that they had before...but for some reason, building a business at home, which might eliminate or reduce the need for childcare, never comes up? Do you think it's situational blindness or something else?
Gas prices, dry cleaning, separate work budgets for lunch, coffee runs etcetera are also reduced or eliminated.....and still it isn't the first thing people suggest. Some sort of mental block keeps it from being recommended. Now that Cov*d id over, do you think we will be able to make it part of the conversation?
I see this all the time with my 30-40 year old clients. Especially parents that stay at home or want more free time with the kids.
My wife does. It's not life changing money, but her working one day a week pays for all of our vacations.
It's an underrated move.
But running a home based business is hard if you don't have the skillset or freedom. Personally I think that's the biggest blocker.
Thanks for sharing your thoughts.
“Don't have the skill set….”
Well, I think almost everyone has the skill set, especially those who spend time doomscrolling all day. Ads, copywriting, GEO …so many people need help and those that can offer these things from home might also be able to charge less and manage more (with AI helper agents) than before.
The one person, multi-agent, multi-million business is probably a kitchen table affair.
I don't because I'm not at all techie, but everyone else just seems to be lacking imagination or drive. I've seen things here on Substack that I'd love if someone offered as a service, but tbh the block for me would be trust. Not skill. Most of the Substacks I subscribe to seem to be run by highly skilled folks who have buried themselves in a silo…which is weird. Maybe someone should build something to gain them some exposure.
Ah well, my thoughts aren't worth that much, but you are welcome to them, such as they are.
Blackwolf
Got cut off, taking into inflation $90K in early 2000s is around $160K today
Isn’t 90K in early 2000s about $
Obvious AI slop.
Interesting comment, thanks for the feedback Jessica! Have a great day
I think the major factor is life style creep. In your breakdown list, car payments are super high- lifestyle, miscellaneous-that’s a lot for each month, again lifestyle.
Thank you for your insights Puah - and I agree, lifestyle is a major part of it. But some of those costs are simply what things go for nowadays! Definitely a combo of the two. Appreciate your thoughts - have a great day!