But do you think your living situation, whatever it may be, will be the same? As far as expenses.
I feel like a lot of people that are saying $5k have jobs that pay their insurance, may live with their parents still and pay a reduced/no rent, and have no kids. They either don't own a car, or it's paid off, etc.
So you're basically working a 7-7 instead of a 9-5.
Everything else is the same as a "regular" full time job. Benefits, 401k, hour lunch break.
Lets go with 10 vacation days, 5 sick days, 2 floating holidays. 10 vacation days go to 15 if you decide to stay after year 5.
Lol embarrassing poll results. Lazy fucks.
Any of this stuff getting taxed?"All money is after taxes"
Lol embarrassing poll results. Lazy fucks.
This poll reveals that people don't care about being crazy rich. They want to live comfortable and have a QoL. Nothing wrong with not wanting to work 60 hours weeks.
You can comfortably travel the world with 5k a month.
No way I'm working 60 hour work weeks. Imagine having kids too. F that.
Not that comfortably you cant. I take home more than that and love to travel. I get a lot of time off and spend most of it travelling but with thousands less each month and more time to travel, the money would run out quickly.umm what? You"are still paying for rent back home.
umm what? You"are still paying for rent back home.
You can definitely live comfortably in all countries with $5000 a month. Don't stay in a hotel everyday for one.
Cant believe you psychos are picking option one
bunch of lazybones
50k in one month is absurd
Lol embarrassing poll results. Lazy fucks.
How is it lazy to want to spend my time doing stuff that is actually important to me, rather than working a meaningless job just for the money?Corporate Overlords think that, about people who "don't want to work anymore".
Option 2 easily. 5yrs a small price to pay for 3 million dollars after taxes. Just think of it like military service or some shit. Plus you still get weekendsFor real. I've worked crazy overtime before, in really PHYSICAL jobs. You can make it through 60 hour weeks just fine, especially as a desk jockey.
You could be retiring instantly with the first option. 5k per month is pretty solid for guaranteed incomeDepends on where you live. Plan to die alone or for a very mundane retirement with 5k a month. Not enough to raise a family, especially in metropolitan areas with a higher COL. Forget about any travel or vacations that people typically do after retiring.
Depends on where you live. Plan to die alone or for a very mundane retirement with 5k a month. Not enough to raise a family, especially in metropolitan areas with a higher COL. Forget about any travel or vacations that people typically do after retiring.
Depends on where you live. Plan to die alone or for a very mundane retirement with 5k a month. Not enough to raise a family, especially in metropolitan areas with a higher COL. Forget about any travel or vacations that people typically do after retiring.imo the $5k/month would make it very easy to raise a family.
Im surprised by the number of people claiming that 12 hour shifts are crazy. Loads of people, including myself, do that or have done that regularly.
You've got to understand that that "loads of people" still equates to an incredibly small portion of the working population. Most people work meaningless, soul-crushing jobs that overwork them even in those fields, at 8 hours a day, so they're trying to conceptualize 12 hours within the same context, and thus, it becomes no surprise that it seems crazy, to them.
Theres not many jobs that pay well and youll consistently only work 8 hours, in my experience.
On the contrary, most well paying jobs are salary jobs, and the more well paying salary jobs absolutely are jobs where the average worker can consistently make sure they only work 40 hours a week, by choice. It tends to be the lower, lesser paying jobs that try to overwork you and get you to work more than 40 hours a week. I get your viewpoint, since it does fit with mine, where... When I had a salary job, it did feel like they took advantage of me and had me work more than 8 hours, on average. That said, I had visible view into the higher level jobs, and I noticed they, very freely, could make sure they only worked 8 hours, or even less.
Thats not been my experience at all. The salaried jobs Ive come across and worked almost always have you working unpaid hours.Over 13 years, 4 different salaried roles I have averaged well under 40 hours/week tbh
$5k would eventually succumb to inflationI think this is lost on most people.
Being able to invest a lot of the 50k would stay ahead of inflation over the long run.
then move to somewhere that isn't literally stealing from you? if you can't get by on 5k a month by yourself then you live in a problematic areaI mean living by yourself is easy. I live in Seoul (a pretty pricey place) and I'm making roughly 5k a month post tax, so it's very doable for me, but I couldn't imagine trying to raise a child in this economy. And yeah, I could simply just move somewhere where it's cheaper, but there's so much you have to trade off permanently for that, while with the 50k a month, any sacrifices made are temporary.
Supposedly, it was originally posed as a personality test based on what you value.
You certainly can retire with 5k a month, but the point is you have so much less freedom in the long run