I get your point, but I still take tax advice from my tax attorney... :-)

Very true indeed, sometimes they can give you the wrong answer!

I disagree. The only advice my next generation needs is this: always use the power of compound interest.

You want a way to hate your grandparents? Do the math on how much money you would have inherited if all they did was save $100/month for 30 years with compound interest. If just one person in your family line does this, you would create generations, upon generations upon generations of people that would never have to work a day in their lives!

I sort of have to wave a hand here.

There's a lot of advice you CAN take from these people. Even business and money advice.

But there's a line. There's a certain type of advice... not just business and money advice, but time management advice and business relationship advice, and the list goes on... where an employee simply cannot comprehend your situation.

My father, for example, simply does not fathom how I make any money at all. He knows that I sit at the computer all day... and that I come upstairs every couple days and say "well, I just made $47" or "hey, I just made $85"... but he just doesn't understand how those two things go together. Sometimes he gets that look on his face - you know the one - and asks me where exactly the money came from. And I try to explain, but he just doesn't get it.

He's also absolutely mystified by the notion of 100% commission. I send someone to another guy's website to buy his product, and I get all the money. Wait... WTF? Why? That doesn't make sense. It's got to be a scam.

And when you hit that line, where they just don't get it, you can't listen to a damn thing they say. It's like they live in half a world, and you're living in the whole thing.

Man, that sounds arrogant. I need another drink.

I don't agree w/ that. It's too blanketing of a statement. Before I quit my job to work full time online, I was still making a lot of money online. More than many (probably most) people doing it full time.

Now I will agree that you can't take much advice from someone living in the "rat race". But not everyone that has a job is living the rat race. I kept my job for as long as I could for the benefits. But I was still doing good enough online to make myself and several others plenty of money. If they would have ignored my advice because I was an "employee" they'd be hurting right about now.

Ryan, I get the real feeling that you do mean to be disrespectful to anyone with a job. You've already stated categorically that no one should take any kind of business or money "advices" from anyone who still collects a paycheck. That tells me that you believe that you already know more than anyone on your list could possibly tell you.

You must be "Super", since you're obviously the ultimate authority on all possible legal disciplines that might affect your business. To say nothing of having totally mastered all facets of the various tax codes, all forms of risk management, any and all investment strategies (and the research to make profitable judgments from those strategies), and more.

With love? More like with arrogance and condescension, if you ask me...

Hi,

I disagree very strongly with you, unless you qualify your statement.

If you are asking them for advice on how to run your own successful business, and they've never done it before, and you accept their advice on faith, then I agree. But if you use your brain (and seeing how it applies to your business), there is nothing wrong with asking them/getting their viewpoint on business because they deal with businesses day in and day out, and can give you an insight that you might not otherwise be privy to. Additionally, they can of course give you the benefit of their experience in their respective discipline.

I think your statement is well intentioned -- but should perhaps be rephrased that don't let someone who is an employee dictate how you should run your business.