Of course 12 hours a day sucks at your no nothing job while you drive home in rush hour traffic in your beater car to eat your leftover dinner before sleeping on your inflatable mattress, but $50k a month is 'go home every day in your private helicopter/luxury car to your luxurious house/apartment with daily prepped and catered meals' level of money. You even still have your weekends, for God's sakes, at least make it difficult.
Yeah at 50k a month you can easily have it so that you live within walking distance of work
Plus if you feel it's too hard then you can just quit after the first month.
When I was young I would have taken option 2. Hell, when I was young I worked much longer hours for far less, at moderately back breaking factory jobs.
Today, option 1 all the way.
I think most people, if they were presented this option at the age of 18 or so, would choose the second option.Im 46, and Id STILL take option 2.
Im 46, and Id STILL take option 2.
Working a 7-7 office job instead of 9-5:30 for 5 years in order to retire at 51 would be cake.
Dont get me wrong, I dont mean to imply that nobody would take it when theyre older, just that the appeal is probably broader among younger people.
Can I invest the 5K?
Not in this hypothetical, you cant.You can however just shitbag the work lol. If I slack will I get fired? If not, just do the bare minimum every day and collect the check. Honestly though with that kind of wage I'd put in the work. Wouldn't want to risk losing that golden egg laying goose
I literally only fucking make 2k a month working full time
You're doing life wrong.I have no marketable skills, no education, no ambition. So I make 16.75 an hour working 35 to 38 hrs a week. It sucks, but applying myself to try to learn something would suck more
I have no marketable skills, no education, no ambition. So I make 16.75 an hour working 35 to 38 hrs a week. It sucks, but applying myself to try to learn something would suck more
Its very hard to be sympathetic to somebody with that mindset.Understandable, have a good day
I have no marketable skills, no education, no ambition. So I make 16.75 an hour working 35 to 38 hrs a week. It sucks, but applying myself to try to learn something would suck more
I have no marketable skills, no education, no ambition.Same.
So I make 16.75 an hour working 35 to 38 hrs a week.At least you are doing better than me. I have so little belief in myself that I refuse to get a job at all. I sure as hell don't want to work for minimum wage but I also don't care about trying to learn some kind of skill so that I don't have to work for minimum wage. I'm a selfish asshole that just wants everything handed to him for free. I've been this way my entire life.
Of course 12 hours a day sucks at your no nothing job while you drive home in rush hour traffic in your beater car to eat your leftover dinner before sleeping on your inflatable mattress, but $50k a month is 'go home every day in your private helicopter/luxury car to your luxurious house/apartment with daily prepped and catered meals' level of money. You even still have your weekends, for God's sakes, at least make it difficult.600k is nowhere near enough to be helicoptered to and from work, lmao. Taxis or Ubers or driving a BMW, sure.
600k is nowhere near enough to be helicoptered to and from work, lmao. Taxis or Ubers or driving a BMW, sure.Or like buying/renting a condo a 15 minute walk from work, and have a Factor prepped meal twice a day
Not in this hypothetical, you cant.
It doesn't say anything about quitting in the OP.
You have to work AT LEAST 5 years before you can retire. No 401k or pension. Once you retire, the money stops.
It doesn't say anything about quitting in the OP.
Perhaps you should read it again?
It says before retiring. Retiring is not the same thing as quitting.
Its abundantly clear in the opening post that part of choosing option 2 is accepting that you must do the job for a minimum of 5 years.
I couldn't live on $5k a month
Exactly.Yeah only 5 years? I did 12 hour days usually 6 days a week for 4 years and barely made more than that a year.
I should have been more clear, but for option 2, you have to commit to the job for 5 years before you can retire in order to get the $50k a month salary
Yeah only 5 years? I did 12 hour days usually 6 days a week for 4 years and barely made more than that a year.Thats what Ive been trying to say this whole time!
Thats what Ive been trying to say this whole time!60 hours a week for 5 years sounds like absolute hell. There's no point in having money if you don't have time to do stuff with it. On top of that, $60k/yr is already way more than the average American gets. If you just invested $20k/yr, you'd still be ahead of the average American as well as having some savings and oodles of spare time.
I dont think people realize:
1. How Option 2 has you retiring in 5 years with about $3 million in the bank, assuming you properly invest what you dont spend.
and
2. With inflation, $60k a year in 10 years is going to be like making minimum wage.
60 hours a week for 5 years sounds like absolute hell. There's no point in having money if you don't have time to do stuff with it. On top of that, $60k/yr is already way more than the average American gets. If you just invested $20k/yr, you'd still be ahead of the average American as well as having some savings and oodles of spare time.
get though for 5 years knowing when it's done you'll have enough money to retire one (assuming you invest properly).I think a lot of this comes down to how to plan to live. If your goal is to live simply and modestly, you can make investments with the monthly $5k too, and carry on that modest life. If you're the type that wants to live more extravagantly, or just burn money however you feel, then the years-long blast of a 12/6 work schedule is probably what you're inclined to go for.
I think a lot of this comes down to how to plan to live. If your goal is to live simply and modestly, you can make investments with the monthly $5k too, and carry on that modest life. If you're the type that wants to live more extravagantly, or just burn money however you feel, then the years-long blast of a 12/6 work schedule is probably what you're inclined to go for.
I'll take the modest life filled with time on my hands for my own pursuits.
It's 60 hours of office work, where we all know half the time is just dicking around.For me, that would turn into 6-8 due to the commute. I'd also need to prepare breakfast/lunch, although I guess I could just order lunch into the office. That leaves barely any time to do anything else if I want a remotely healthy amount of sleep. Some people can function without downtime, but I'm not one of those people, especially if it's repetitive work.
Instead of working a 9 to 5, you work a 7 to 7. As someone that's worked at a desk/in an office for 25+ years, that's cake to get though for 5 years knowing when it's done you'll have enough money to retire one (assuming you invest properly).
It's 60 hours of office work, where we all know half the time is just dicking around.
Instead of working a 9 to 5, you work a 7 to 7. As someone that's worked at a desk/in an office for 25+ years, that's cake to get though for 5 years knowing when it's done you'll have enough money to retire one (assuming you invest properly).
7 is around when most people are dropping their kids off for school.