My question for the WADM fortune teller was more concretely:
"How can I provide for the family (Income) and still get the most out for my fastlane journey."
The fastlane journey being an internet business or application of some kind. I want to start building this business from zero as soon as possible, so that I need a side income that will cover my current expenses. My goal is to find a solution for that side income that will leave me with the best opportunities for my business.
Decision deadline: 10. of February 2019
(if you are less of a reader, at the end of the post is a graphical representation)
## Studying Data Engineering Master Program ##
Studiying in Germany is almost free. I'll get a loan from which I will have to pay back only 50% and I'd probably, at least in the beginning, will have to get another loan (which has quite low yearly interest though, about 3%).
Can be very time consuming with daily lectures on workdays, assignments and exam phases. (3 hours commuting per day)
Some kind of implicit Scalability might come from networking(students, professors, companies), my new university being a very good one. Data Engineering is also a great niche for blogging, so that a valuable blog could be build around the knowledge gathered from the study program.
## Part-time Data/Software Engineering Job ##
Working three days a week part time should cover all costs.
Should allow for fastlane activities for the rest of the week. (3 hours commuting per day)
Implicit scalability might also come from contacts.
## Own Company - Great IT Service 4242 ##
Would be something like a website/webservices creation service in the beginning to pay the bills. I probably will have to jump between income generation work and business creation blocks (idea conceptions, validation, implementation) to find the core business.
For the first few months, I could imagine to build some prototypes and landing pages to build my portfolio and start validating some of my ideas at the same time. Simultaneously continuing to research and network.
The company is the most risky monetary endeavour, considering that I practically would start at zero. (10-60 minutes commuting per day)
Other Factors:
As you can see from the weights, all factors would maybe be a 10, but I still stacked them in a hierarchy in which I would take a best case opportunity before the other.
I value my education and think that I will learn in all areas but of course building real stuff for real people and exploring different fields.
Energy is important but can be retrieved and installed with the right portion of motivation on all paths at any time ✊
Considering that Own Company is also the most challenging one and also the one that is out of my comfort zone, shouldn't it be the number one choice?
Have I missed something?
Do I have some wrong/naïve ideas, e.g. regarding my "Own Company" plans?
In general, I will be thankful for any advance and critique!
"How can I provide for the family (Income) and still get the most out for my fastlane journey."
The fastlane journey being an internet business or application of some kind. I want to start building this business from zero as soon as possible, so that I need a side income that will cover my current expenses. My goal is to find a solution for that side income that will leave me with the best opportunities for my business.
Decision deadline: 10. of February 2019
(if you are less of a reader, at the end of the post is a graphical representation)
## Studying Data Engineering Master Program ##
Studiying in Germany is almost free. I'll get a loan from which I will have to pay back only 50% and I'd probably, at least in the beginning, will have to get another loan (which has quite low yearly interest though, about 3%).
Can be very time consuming with daily lectures on workdays, assignments and exam phases. (3 hours commuting per day)
Some kind of implicit Scalability might come from networking(students, professors, companies), my new university being a very good one. Data Engineering is also a great niche for blogging, so that a valuable blog could be build around the knowledge gathered from the study program.
## Part-time Data/Software Engineering Job ##
Working three days a week part time should cover all costs.
Should allow for fastlane activities for the rest of the week. (3 hours commuting per day)
Implicit scalability might also come from contacts.
## Own Company - Great IT Service 4242 ##
Would be something like a website/webservices creation service in the beginning to pay the bills. I probably will have to jump between income generation work and business creation blocks (idea conceptions, validation, implementation) to find the core business.
For the first few months, I could imagine to build some prototypes and landing pages to build my portfolio and start validating some of my ideas at the same time. Simultaneously continuing to research and network.
The company is the most risky monetary endeavour, considering that I practically would start at zero. (10-60 minutes commuting per day)
Other Factors:
As you can see from the weights, all factors would maybe be a 10, but I still stacked them in a hierarchy in which I would take a best case opportunity before the other.
I value my education and think that I will learn in all areas but of course building real stuff for real people and exploring different fields.
Energy is important but can be retrieved and installed with the right portion of motivation on all paths at any time ✊
Considering that Own Company is also the most challenging one and also the one that is out of my comfort zone, shouldn't it be the number one choice?
Have I missed something?
Do I have some wrong/naïve ideas, e.g. regarding my "Own Company" plans?
In general, I will be thankful for any advance and critique!
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