Melonie,
You were right about Gold and you were right about the Euro... You were right about the housing crisis, so I want your advice. (plus anyone else with an opinion).
I am considering opening a home-business, a law office in my home. Specializing in divorce law, with advertising aimed at women in my suburban area.
Previously I was commuting and the transportation costs from the last year exceed $7000 (I own the car outright, this is parking and public transit, gas repairs etc.)
I found a house with nothing but a den on the ground-floor, which I think would be suitable as a home office where clients occasionally met me. Local zoning would let me see 4 clients per week in my home, which would be enough I believe.
The mortgage would carry for $1500 and the total costs of running the house would be $2000/month. My present mortgage (little condo) is $1200/ month and my office rent arrangement is I get to keep 50% of my earnings, which usually total around $8000 per month. Income taxed around 35%. So basically my boss keeps all my money and what little is left is taxed so much.
Every way I look at it, I would make more money starting from scratch and working from home. Even if I only charge $100 / hr (less than current billing rate) and work 10 hrs per week, I would be farther ahead than now.
So I want to know if you have any opinions on the financial decision to make a home office and start a business like this.



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