Fear is still mild.
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I have gotten to a point where Iām almost immune to all threats of a downturn. I will probably be the last guy holding the bag and the last one standingā¦ 
My goal is to have an active business to give me cash flow before next doen turn, so i can use it to buy stuff for cheap!
The trough for the next downturn could be higher than prices today.
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Doesnt matter. Buy buy buy!
Business is a lot riskier than being an employee or RE investment or stock investment. We only hear about business success. Those passive business you have talked about, donāt think they can scale well or throw out much cash. So, THINK BIGGER and take the risk of boom or bust! At your age, experiment!
Well, maybe - maybe not, but i do not think most of the businesses i particularly talked about are super risky.
Most of them are not very risky and hence canāt throw out cash much. Btw, business becomes the most risky when it is taking off 
not starting, at most you lose your initial capital at starting. However, you can lose much more when taking off. Iām not sure LLC would protect your wealth that much because you most likely pump more of āyourā money into the business at taking off.
Thatās when you find āVCsā and use other peopleās money to scale your business.
VCs are not stupid, if you donāt have much of your money pumped in, they wonāt invest.
Yes, you need to have exhausted your own money as well.
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Some of my money, some other peopleās money.
A brick/mortar business with 3x multiplier doesnāt sound too exciting, but itās good source of income - which you can invest in RE/stocks as it comes.
I am working with a partner now (a PM that i trust) to execute on that plan. we shall see what happens next.
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Could be time consuming to maintain. Almost another full time job.
My buddy (who is a director thatās trying to hire me to his new team) is all hands-off, and trying to acquire a second one. I might take up on his job offer, and learn his secrets for his side gig!
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Thereās no doubt it will be time consuming initially, but iād take that 1-2 year of effort to learn and stuff then scale it.
No one is expecting āhey here is one and half million dollar, go give me 500K every year in returnā, no free dim sum lunch.
Ok, introduce me to the technique as well after you learned it. Iāll see if I can piggyback.
Hah - well maybe at some point if i still hang around i can tell with pride 
My full time job doesnāt scale. Iām about to be level 7, but whatās the up side - it will get harder and more political over time to climb the corporate ladder, so i will soon hit a ceiling both level wise and money wise. I have better things to do before i hit 35
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Donāt say thatā¦ your statement can take a psychological toll on people who are already over 35.
I am paying that psychological toll since i came to silicon valley