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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Millionaire Shrewds
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Author: AdrianC ⎊✹  😊 😞
Number: of 74 
Subject: Re: Starting a Business
Date: 08/17/26 10:57 AM
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You're welcome.

* I'm not renowned enough for the self-name approach (and there is an unrelated collision with a known figure in the field). I had also gotten advice that single person shop names were a filter for some potential employers. I'm not trying to misrepresent myself, but want to make it past a filter

For me I wasn't trying to sell myself to people who didn't already know of me. Different situation. Oddly enough, there is another LLC with the same name as mine one state over, in a different business. We are friends on LinkedIn in, just out of curiosity.

* Something like fidelity.com - Self employed ?

Exactly the one I use. The max contribution this year with catch up is $83,250. Helps to knock down the MAGI to try to qualify for ACA tax subsidies.
Also do HSA contributions and spousal traditional IRA. Every little helps.

I usually bill by the half-hour. Sometimes take on a fixed-price job if the scope is well enough defined. That's rare in my business.
Billing rate? It's tempting to go low to get business. It takes many years to recover from that.
2-3x what you'd get as an employee. I'm about 2.5x
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This community has written 73 posts about Millionaire Shrewds. The article-length ones it recommended most:
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Bankers, Lawyers and other Parasites · 13 recs · 2022
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