20K vs 120K?

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If you had a choice to earn 20K a month recurring doing what you love (Comes naturally to you) or 120K a month recurring in a business that's "not bad" - what would you pick?

The catch is with the 20K a month business, you KNOW everything. You are your own customer and have the exact tech knowledge that you need. Plus this space is kind of wide open. Investment is just like $1600.

Not a biggie . . .

With the 120K business, you don't have the necessary tech knowledge but it can be acquired. The space is kind of saturated but you have the necessary SEO skills to rank the site. Investment can be $20K.

Market Size:
The 120K business can easily be a 5-10 year+ business (Helps business owners). Can expand into
various languages, etc.

The 20K business is kind of like a 5-7 year business (Only focused on 18-24 year olds). Small niche market even within this age group.

Overall
20K business is what you love and will allow ta great life for you and your fam. 100% more fulfilling and natural to you. You can rent anything basically.

However, the other business will set you and upcoming generations free. You can buy a house, etc.


What will you pick?
 
This in theory is a fantastic dilemma to be involved in, who wouldn't want it right?

For me - the 120k business. Do whatever it takes, fuck what you love doing - you can always do what you love and know best later on. However, if you don't act quickly enough to get the real $, then someone else will - this is my philosophy on this.
 
I have actually been in a similar situation.

Differing amounts but smaller money doing something i was more comfortable with or 5x more doing something i am less comfortable with.

The key is the longevity and does the smaller amount catch up. In this example they are about the same, so it is easy...

ALWAYS pick the big money! So the $120k in this case.
 
20k/month because i won't get burnt out doing what I love. If you love what you do you and are making 20k/month I think you have potential to earn more than the 20K./month.
 
If you make the calculations.
20k/month Business with an estimated life span of 7 years will bring you a total of $ 1,680,000.
The120k/month Business would bring the same amount in exactly 14 months.

So fuck it!
Struggle for 14 months to make $1.68M and then go back and chill to your 20k/month business for 5-6 years.
 
YO! We going after 120K Monthly BUSINESS - Thank you for the clarity. DONE!
 
Assuming money can't buy happiness, I will go with the 20K option. Imagine if I go for a 120K option but not Happy with my life...What is the point?

Money has its worth when necessities are made such as buying foods, clothes and paying bills/rent, etc. After that, it does not matter how much money you have. Then things like health, relationship, work, etc determine your level of contentment and happiness in life.
 
Go big or go home. Suffer now a little bit, you can enjoy what you love later on.
 
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