Originally Posted by
MsArbi
50k profit isn't peanuts. I'd bet fewer than 1% of all MSers can sustain that. It's not as simple as "putting in the hard work" for most people. You need a pool of financial tools. You need sufficient risk tolerance and assets to float through hiccups and survive AA. You need the methods to be sustainable with product and service availability being consistent. You need diversification to sustain high volume and high profit. Sure, once you get there, it's easy to maintain it. But getting there is not easy.
To have the high credit lines needed to do $1 million/year in MS without getting shutdown means having income and wealth which means that the $50k income is not needed to survive off of. I doubt anyone just out of college without significant credit lines could make it more than a couple months hitting those numbers because they would be cycling their credit lines so many times in a month.
For me, this is a nice hobby that gives me some extra cash and allows to me to travel first class but I know I wouldn't want to do it at that level and rely on it for income.