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$75k/yr for life or work jobs for 45-50 years -- which would you choose?
07-18-2023, 09:32 AM
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#1
- eddiehaskell
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$75k/yr for life or work jobs for 45-50 years -- which would you choose?
If you had the choice to be given $75k/year (increasing with inflation) and do whatever you want or the option that you work a job for 45-50 years -- which would you choose?
07-18-2023, 09:33 AM
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#2
- rollerball
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- rollerball
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07-18-2023, 09:33 AM
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#3
- Cleveland33
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- Cleveland33
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oh I'd take a lot less than $75k to not have to work
07-18-2023, 09:35 AM
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#4
- eddiehaskell
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Originally Posted By Cleveland33⏩
1 vote for the extremely long "vacation"oh I'd take a lot less than $75k to not have to work
07-18-2023, 09:36 AM
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#5
- Robmnrd
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- Robmnrd
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Am I allowed to utilize that 75k however I want?
Meaning can I turn it into more/passive income?
Meaning can I turn it into more/passive income?
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07-18-2023, 09:37 AM
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#6
- eddiehaskell
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Originally Posted By Robmnrd⏩
do whatever you enjoy doingAm I allowed to utilize that 75k however I want?
Meaning can I turn it into more/passive income?
Meaning can I turn it into more/passive income?
07-18-2023, 09:38 AM
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#7
07-18-2023, 09:40 AM
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#8
07-18-2023, 09:43 AM
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#9
- eddiehaskell
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Originally Posted By shmobin⏩
Is that essentially saying "time ain't chit"?I'll take the job. $75K ain't chit.
Rough estimate -- the life centered around the job consumes 60% of your waking hours. So your 45-50 years is essentially 18-20 years.
07-18-2023, 09:43 AM
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#10
07-18-2023, 09:44 AM
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#11
- shmobin
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- shmobin
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Originally Posted By eddiehaskell⏩
On the contrary. My time is incredibly valuable. That is how I know $75K isn't going to cut it. My time is worth way more than that.Is that essentially saying "time ain't chit"?
Rough estimate -- the life centered around the job consumes 60% of your waking hours. So your 45-50 years is essentially 18-20 years.
Rough estimate -- the life centered around the job consumes 60% of your waking hours. So your 45-50 years is essentially 18-20 years.
07-18-2023, 09:45 AM
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#12
- Bodhy
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75k a year without working isn't what it seems. I make around that now (as in, what someone of this salary would have after tax) and I don't even work full time. I combine a doctoral stipend with some side work.
It's enough to cover basic cost of living, some holidays, some luxuries here and there, but soaring cost of living will catch up and make even this level of income basic-brain. I can save up with it, but I've really got to watch my spending.
Your scenario is what I'm already living, and I want more money.
It's enough to cover basic cost of living, some holidays, some luxuries here and there, but soaring cost of living will catch up and make even this level of income basic-brain. I can save up with it, but I've really got to watch my spending.
Your scenario is what I'm already living, and I want more money.
Back off, Warchild.
Seriously.
07-18-2023, 09:49 AM
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#13
- eddiehaskell
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Originally Posted By TCmaxxing⏩
Not bad not bad. Perhaps another option is a small home in the home country and switch back and forth every 6 months or whatever while you rent the home country home.$75k and just retire living in some tropical island
07-18-2023, 09:51 AM
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#14
- eddiehaskell
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Originally Posted By shmobin⏩
your time could be worth $1M/hr but you essentially have 18-20 years if the job isn't something you wouldn't otherwise do regardless of the money.On the contrary. My time is incredibly valuable. That is how I know $75K isn't going to cut it. My time is worth way more than that.
You may have less than 18-20 years if the job adds stress to your life.
07-18-2023, 09:54 AM
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#15
- Goat_187
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- Goat_187
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Being retired at young age would mean that you are going to be itching to do and explore new things with the amount of free time and energy. And $75k a year would not be enough to cure boredom.
Depression incoming.
Depression incoming.
07-18-2023, 09:57 AM
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#16
- eddiehaskell
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Originally Posted By Goat_187⏩
but with the job you may have the funds to do more but not the time. Sort of a catch 22. and of course many jobs do lead to a life of depression also.Being retired at young age would mean that you are going to be itching to do and explore new things with the amount of free time and energy. And $75k a year would not be enough to cure boredom.
Depression incoming.
Depression incoming.
07-18-2023, 09:59 AM
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#17
- shmobin
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- shmobin
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Originally Posted By eddiehaskell⏩
If I enjoy it, it's not stress.your time could be worth $1M/hr but you essentially have 18-20 years if the job isn't something you wouldn't otherwise do regardless of the money.
You may have less than 18-20 years if the job adds stress to your life.
You may have less than 18-20 years if the job adds stress to your life.
07-18-2023, 10:02 AM
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#18
- eddiehaskell
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Originally Posted By shmobin⏩
if the job is something you'd otherwise do regardless of money (no net stress gain) than that may be the perfect middle ground.If I enjoy it, it's not stress.
For example, a lot of dudes would play in the NBA for $100k/year just because they like to ball.
07-18-2023, 10:04 AM
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#19
07-18-2023, 10:06 AM
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#20
- BalognaNbeans
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- BalognaNbeans
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75k easy choice
07-18-2023, 10:08 AM
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#21
- Legendsneverdie
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- Legendsneverdie
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75k? cant live off that, i ll be a rentchad cuklord the rest of my life
IF YOU DONT SQUAT, YOU AINT SQUAT
07-18-2023, 10:11 AM
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#22
- eddiehaskell
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Originally Posted By Legendsneverdie⏩
can easily buy a home in vast parts of the country on $75k/yr.75k? cant live off that, i ll be a rentchad cuklord the rest of my life
inb4 -- single wise trailer in rural Alabama or no windows drug house in the ghetto.
07-18-2023, 10:18 AM
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#23
- JMath
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Originally Posted By Legendsneverdie⏩
What kind of house you trying to buy? I could easily afford my current $500k house and still have $3k+ a month for other stuff.75k? cant live off that, i ll be a rentchad cuklord the rest of my life
I make more than $75k after taxes, but don't spend anywhere near that in a year. Have a nice house, nice car (it's paid off though, so that helps), go on at least 1-2 vacations a year, and waste money on random chit I want too.
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07-18-2023, 10:38 AM
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#24
- eddiehaskell
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bump b4 daily swim
07-18-2023, 12:57 PM
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#25
- eddiehaskell
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mid swim sunscreen renewal bump
07-18-2023, 12:58 PM
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#26
- SteadySmokin
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i'd do bout 35k for life (srs)
07-18-2023, 01:00 PM
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#27
- gbullock32
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- gbullock32
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$75k easily, I can live off of that. I'd need to budget better than I do now but well worth it to do fck nothing unless I want to.
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07-18-2023, 01:02 PM
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#28
- ralphlaurenbrah
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- ralphlaurenbrah
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Probably work because 75k isn’t **** and work gives me a reason to get up every day
07-18-2023, 01:02 PM
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#29
- eddiehaskell
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Originally Posted By SteadySmokin⏩
hell yeah brother...you really only need enough to pay the bills with a little left over...100% time ownership = priceless. Live like a king without even having to go anywherei'd do bout 35k for life (srs)
07-18-2023, 01:04 PM
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#30
- eddiehaskell
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Originally Posted By ralphlaurenbrah⏩
if there was some form of work that gave me "a reason to get up in the morning" I'd probably do it...or hell...get the hell out and find other reasons to liveProbably work because 75k isn’t **** and work gives me a reason to get up every day
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