As a consultant I have been making an average of $235,000.00 annually gross pre-tax, and $190,000.00 net. I work 14 days on and 14 days off. On my days off I started a small fab workshop at home where I run cnc plasma tables(1 - 4'×4' plasma cam, and 1 - 4'×8' torchmate X) and several 3d printers (2 - lulzbot taz 6 and a tronxsy x5s) this side businesses is currently averaging $36,000.00 per month gross, and showing a 35 percent profit averaging $12,500-13,000 after paying the bills i.e. power, consumables, steel, filament, programming updates, etc. I am 37 years old, house is paid off (Teton county, Wyoming), toys and vehicles all paid in full. Healthy retirement account, oldest son currently in second year in college (CMU in Colorado) with 4 years of tuition saved to help cover his costs. Equal amounts of college funds saved for my younger 2 children locked in high interest bonds until they enroll into courses. Savings account is healthy and also have a decent emergency fund that is 6 figures. Currently I am getting burned out in running all over the world chasing the next oil boom. I am strongly debating on staying home at the shop and seeing how far I can build up my small business. I have grown to enjoy cad and designing parts and accessories with my shop but still a little nervous on if the economy is functional enough for me to step away from my bread and butter income.
Submitted October 14, 2018 at 11:11AM by 307throwaway6 https://ift.tt/2QKaMck
