In your middle age, you wouldn't even want to be in the US - Page 2

All I know is that I want welfare, food stamps and child support. Fuck everything else.

Yes,I believe China will have the world's largest economy for a time but I believe there are other economic tables mentioning India will eventually surpass China as well.Regardless,all will not have the same 'Qualify of Life' that the US has for decades to come and will require massive amounts of an energy source to power their economies.I think for this reason I would rather choose Australia,Canada or Brazil as a next country.

Quality of life is not only determined by how fast your wealth grows but also how hard you have to work in China to get the same amount of money that you could've gotten in US to enjoy the benefit of life. Honestly, who wants to work 5-9, 6 days a wk, and go back to a crappy apartment for $20k/yr. It's not about being lazy and not wanting to work hard. It's about how well are you're compensated for the amount of work that you do, and in US, you're better compensated than China will every be. In China's case, it's VERY hard w/ VERY high risk w/ smaller compensation compared to US.

Wow you make it sound like anybody can just go to China and start a business and walla! There're your ingredients for success? This is clearly not the case. Most dreamers don't have work exp in decent field (ex. finance, medical, engineering). Even w/ 7~10 yrs of exp, it's VERY risky to start a business implementing securities/finance/chemical engineering/software and you expect fresh out of college graduates to go to China and start up a business? W/o experience, the best that we can do is a Chinese restaurant.

You need to stop assuming that everyone in this forum has BS from top tier university with 5 yrs of exp in financial industry. Only like top 10% of everyone who apply for DA has a BS or MS at best w/ no exp and no connection in their home country.

It's true that opening a business is a very risky. But you definitely do not need 10+ years of experience to be successful. It is a process of trial and error. Heck, my cousin only got two years of technical school back in Peru, never went to college and has a hard time speaking English, yet he managed to successfully start a business that grossed over $ 250,000 last fiscal year. What's even more interesting is that he is employing my dad and my uncle, who both had masters degrees and more than 20 years of experience in finance and technology. All these in less than five years.

It is not about the experience but what drives you to start your business. My dad and my uncle are dreamers, my cousin is a doer. I know we are called DREAMERS because of the legislation but i refuse to be just that for the rest of my life. By having no confidence in yourself and giving up before even trying is cutting yourself off at the knees, perhaps even higher. Have some faith in your abilities and what you can accomplish. You may not be able to practice chemical engineer at home but you sure can learn to trade securities, finance and software development at home, enough to start your own business or trade for yourself.

Yes, yes, China's economy is better, but I bet they have more people dying of hunger and disease than the US. Their economy is only strong because they depreciate their currency on purpose and they have a lot of people.

I just don't want to have the 10 year ban. It's like burning bridges so I prefer it not to happen to me.

um. avg ratio of successful start up business in US is only about 20%. your uncle was included in that statistic. i'm pretty sure whatever business he got himself into, he had insights into it. in other words, he didn't blindly go into it.

now consider someone who's never been to a country and starting a business with the only money that they have. no prior experience into it or nothing. let's be realistic, fresh out of college graduates going to another country to start a business is asking to go bankcrupt.

jepp what you sir described is an imbecile, starting a business isnt for everyone its not liek playing the barbie business playhouse as those people would think, its something that will take alot of work and have high risk, and may not even pay off, lots of experts have gone down in flames even donald trump, you have to know yourself and your own abilities, but those people who always complain about how risky it is to open up something i dont think should be medling in trying to start up a business, because if they aint willing to accept the fact that theyll probably fail, if that can keep many experts away from starting a business why would someone without even the slightest idea of some field do something this dumb theyre only setting themselves up to lose money, its even worse when they simply contemplate it on forums clogging up the real purpose of a forum, doers start businesses, and doers dont rant endlessly about starting one

The "failure" rate is actually high in the 95% after five years of existence in the U.S. But, that depends on how you define failure. (http://www.usatoday.com/money/smallb...-success_x.htm)

Failure could mean that you didn't have any more time to keep doing your business as it grew larger because you had to go to school or move, as it happened to me. Not necessarily a business that wasn't profitable, but one that is now considered "death" or a "failure" merely because it didn't went past that 5 year benchmark.

I will agree with you that it'll be counter productive to open a business in a new country, i was talking about opening a business here. If someone goes to a new country, they should take some time to get settled, study the markets, choose a niche and go for it.

Ohh and my cousin didn't have much experience at all. He has a check cashing multiservice business. The only experience that he had was working in a check cashing business for a friend for 5 months. The guy just saw his chance and went for it.

Indeed. I'm sure one can find the same quality of living in many of the emerging market economies you mention like China and India. This all depends on the persons qualifications and abilities as well. Quality of living for some may also include the social element. I'm sure Indian dreamers would love to live in India amongst their own people, culture, and customs. I've been interested in analyzing job prospects in these countries. If anyone knows what is the equivalent website of the Bureau of Labor Statistics department in these countries especially India, please kindly share the information.