$5k a month to NOT work, or $50K a month to work 12 hour days

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Current Events » $5k a month to NOT work, or $50K a month to work 12 hour days
Option 1: $5,000 a month without working, forever. On the 1st of every month you're alive, $5k will be deposited into you bank account until the day you pass away. If you decide to get a job, even a part time one or one that can be seen as a "hobby" (like selling stuff on eBay). the money stops.

Option 2: $50,000 a month, but you have to work 12 hours a day. 5 days a week.

With Option 2, the job isn't back breaking labor. It's a regular desk job, pushing buttons, writing reports, making (not cold) sales phone calls, filing papers. Meetings periodically on how to make things within the job better. Your average "selling widgets" job. It's not tough, but it's repetitive, and long hours. You have to work AT LEAST 5 years before you can retire. No 401k or pension. Once you retire, the money stops. The money you have afterwards is whatever you were able to save/invest.

All money is after taxes.
It takes zero effort to be a good person.
$5k and freedom, easily. i live a simple life and only spend like $3k / month on regular stuff, so that would be an extra $2k each month to pursue fun stuff. hell yes.
I hope something good happens to you today
Playing: God of War: Ragnarok
I'd hate that job and 5k for doing nothing is pretty sweet. I'd never work again, tbh.
Many Bothans died to bring you this post.
Assuming i still get standard vacation/sick days I'd definitely pick option 2. 3 mil in 5 years is hard to pass up.
Currently playing: Nothing
*scratches head*

You know you can retire as a millionaire in just a few years with option B, right?
There's a difference between canon and not-stupid.
RetuenOfDevsman posted...
*scratches head*

You know you can retire as a millionaire in just a few years with option B, right?

You could be retiring instantly with the first option. 5k per month is pretty solid for guaranteed income
The Legend is True!
I could retire easily with 5k a month.
I'm surrounded
Giant_Aspirin posted...
$5k and freedom, easily. i live a simple life and only spend like $3k / month on regular stuff, so that would be an extra $2k each month to pursue fun stuff. hell yes.

This was posed to me many years ago, and at the time I thought the 2nd option was the way to go. Put in 10 years, build a huge bankroll. You'd still be able to live off the $5k a month, but reinvest the $45k and retire with about $8-10 million in the bank after 10 years. Basically using option 2 to create option 1.

The older I get, the more I lean towards the $5k option.

Supposedly, it was originally posed as a personality test based on what you value.

If you choose option 1, you value time and freedom. The ability to live life on your own terms. You also probably value time spent with friends and family, and have a lot of hobbies.

If you choose option 2, you probably live by the motto: do the hard things now for an easy live later. You're not happy with the status quo, and you always want more for yourself.
It takes zero effort to be a good person.
RetuenOfDevsman posted...
*scratches head*

You know you can retire as a millionaire in just a few years with option B, right?

five years of a miserable existence to have way more money than i could ever need, or retire right now with more money than i could ever need. golly gee, that's a hard choice.

i guess if you're someone who values a 'luxurious' lifestyle and want mansions, fancy cars, expensive clothing, etc. then go with option 1. but i'm good with my 1500 sq ft home, basic car, jeans and t-shirts and Red Roof Inn instead of penthouses.
I hope something good happens to you today
Playing: God of War: Ragnarok
5k is plenty. I already live comfortably on less than that.
I agree with you, Blue. - FinalRockerdude, Vgmasta, ZeldaFan42, ObservanTeMK, Magoo111, E121Phi, re4master543, PJiddy, bloodmage3 (cont. in quote)
MC_BatCommander posted...
You could be retiring instantly with the first option. 5k per month is pretty solid for guaranteed income
Not with a yacht though.
There's a difference between canon and not-stupid.
RetuenOfDevsman posted...
*scratches head*

You know you can retire as a millionaire in just a few years with option B, right?

And lose my soul and sanity in the process? No thanks, I'll take option A and still be able to retire comfortably.
modena posted...
I could retire easily with 5k a month.

$60K, even after taxes doesn't go that far, depending on where you live and what your living situation is (married, kids, homeowner, etc.).
It takes zero effort to be a good person.
BlueAnnihilator posted...
5k is plenty. I already live comfortably on less than that.

When money talks for the very last time, and nobody walks a step behind
When there's only one race, and that's mankind, then we shall be free
I want to know where everyone (presumably we're all 50 years or younger) are going to retire on $60k a year, knowing how volatile everything is re: inflation.
It takes zero effort to be a good person.
I live pretty comfortably off of $4500 a month take home while working 50 hour weeks at a job I don't really enjoy much. I'll take the monthly 5k and retire.
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$5k after taxes is more than most Americans make. I'm pretty sure that would work for the rest of my life at least.
This is where cool people write stuff.
bigblu89 posted...
This was posed to me many years ago, and at the time I thought the 2nd option was the way to go. Put in 10 years, build a huge bankroll. You'd still be able to live off the $5k a month, but reinvest the $45k and retire with about $8-10 million in the bank after 10 years. Basically using option 2 to create option 1.

The older I get, the more I lean towards the $5k option.

Supposedly, it was originally posed as a personality test based on what you value.

If you choose option 1, you value time and freedom. The ability to live life on your own terms. You also probably value time spent with friends and family, and have a lot of hobbies.

If you choose option 2, you probably live by the motto: do the hard things now for an easy live later. You're not happy with the status quo, and you always want more for yourself.

leaning towards option 1 as you get older makes sense, our perspective on time is so much different in our 20s vs our 40s.

and yeah, that totally makes sense.

bigblu89 posted...
$60K, even after taxes doesn't go that far, depending on where you live and what your living situation is (married, kids, homeowner, etc.).

i have no kids and my house is paid off, so my monthly expenses are very low. $5k is like twice what i typically spend.
I hope something good happens to you today
Playing: God of War: Ragnarok
Giant_Aspirin posted...
$5k and freedom, easily.
I'd get a cheap apartment for a few years and save up till I could buy a little plot of land, then spend some time making a modest home on it. And when the time comes, I just live there and spend my days drawing and woodworking (and donating things) for my own gratification.
The food here is terrible. My steak was so tough it attacked my coffee and the coffee was too weak to defend itself.
You'd have to push the second option down to less than 30 hours per week for me to even consider it.
Momentai
bigblu89 posted...
I want to know where everyone (presumably we're all 50 years or younger) are going to retire on $60k a year, knowing how volatile everything is re: inflation.

A shitty retirement with 60k is better than not being able to retire at all which is going to happen to a lot of millennials and younger.
60k a year for doing literally nothing is ridiculously valuable. Tons of people work crazy shifts and hours and dont even make that. You could absolutely live a fulfilling life with that amount of money.

12 hours a day for 5 days a week would be soul crushing.
Hee Ho
Can I just keep the arrangement I already have?
Giant_Aspirin posted...


i have no kids and my house is paid off, so my monthly expenses are very low. $5k is like twice what i typically spend.
Guess thats why I still look at option 2 as the better one.

I have 2 kids still living at home, 18 and 15, and still have about 8 years left on my mortgage.

Im all about option 1 in about 10 years though.
It takes zero effort to be a good person.
5k isn't enough.
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bigblu89 posted...
I want to know where everyone (presumably we're all 50 years or younger) are going to retire on $60k a year, knowing how volatile everything is re: inflation.
The 60k is constant tho. A lot of people just straight up dont get to retire anymore because they cant live off of their savings. In this scenario, you wouldnt have to worry about the checks stopping.
Hee Ho
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 weekends
I'm still pretty young and I'm leaning to option 2. I think I could definitely live off of the first option but the second would be nice for some luxuries and a safety net regarding inflation.
Dokkan ID: 2365415872
Giant_Aspirin posted...


i have no kids and my house is paid off, so my monthly expenses are very low. $5k is like twice what i typically spend.

Same here, vehicle is also paid off. My monthly bills are less than $500.

Even if I still had a mortgage and car payment I could still live off $5000 and save.
This is where cool people write stuff.
$5K a month for life gets to be a much worse deal for you as time goes on. It's a moderately decent amount now, but $5K in ten years time won't be much money at all and you'll probably start struggling to pay off expenses like a mortgage or rent in about 15 years.

$50K per month is an amazing amount of money to be on now and even if you're starting off at the very bottom of the property ladder, you'll still have yourself a home paid off in a year or two along with a comfortable amount of money to save up/invest and spend.

I'd go with the 5 years of grind to be set for life.
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Murphiroth posted...
A shitty retirement with 60k is better than not being able to retire at all which is going to happen to a lot of millennials and younger.
But like I said, assuming were all 50 years old or younger, $60k in 20 years is going to be more, like, $40k is today.

5 years of option 5 is gonna give you at least $8 million to play with, plus the option to transition to a different job to keep money coming in.

I understand everyones finances are different, like how Asprins house is already paid off, and that changes things, but fear of the unknown and the dollars future value, makes me leery of option 1.
It takes zero effort to be a good person.
LeoRavus posted...
$5k after taxes is more than most Americans make. I'm pretty sure that would work for the rest of my life at least.

It's nearly twice what I make.

I'll take option A.
"Freedom was meaningless without ownership and control over one's own body" -Tera Hunter 'Joy My Freedom'
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I already work 12 hours a day 5 days a week and only get $5,000 a month after taxes and here on Utah that isn't enough. Especially with medical bills. I'm going for the $50k
Bethany took my pickles. All of them. Even the spicey ones.
mystic_belmont posted...
It's nearly twice what I make.

I'll take option A.
What are your current expenses though?
It takes zero effort to be a good person.
i have cerebral palsy, and the last time i worked i was in so much pain that i was basically on three painkillers a day and slept for 12 hours. and that was just working four 5-hour days a week.

it was one of the most miserable and depressing times of my life. i'd rather have the freedom and $5k adds up a lot with what i get from disability
I'd definitely do 5 years.

Do you get normal benefits like PTO or health?

I do take a lot of vacations, but I guess I could stop for a bit for 3m over 5 years.
lolAmerica
$50K since I'm a hustler and I do want an early retirement. During Tax season I basically work like 80hrs a week so it's not something that I will be struggling with entirely.
DI MOLTO!
bigblu89 posted...
5 years of option 5 is gonna give you at least $8 million to play with, plus the option to transition to a different job to keep money coming in.

5 years of 12 hours a day is also going to destroy many people's physical and mental health, especially doing something as awful as sales calls.

Fuck that.

Murphiroth posted...
5 years of 12 hours a day is also going to destroy many people's physical and mental health, especially doing something as awful as sales calls.

Fuck that.
Its definitely more of a personality question than a financial one. Because theres no wrong answer, just the argument of the pros and cons of each situation

I just cant help but think about someone in their early 30s taking option 1 not realizing that by the time theyre 60, $60k will be the equivalent of making minimum wage now.
It takes zero effort to be a good person.
bigblu89 posted...
Its definitely more of a personality question than a financial one. Because theres no wrong answer, just the argument of the pros and cons of each situation

I just cant help but think about someone in their early 30s taking option 1 not realizing that by the time theyre 60, $60k will be the equivalent of making minimum wage now.

I'm here for a good time, not for a long time, I'll probably be dead before 60.
Option 1 Voters:
  • Mostly aged 35 and above
  • Single
  • Holds a demanding job
  • Current monthly income is below $5,000
  • Resides in a low-cost area


Option 2 Voters:
  • Mainly under 40 years old
  • Married
  • Has or wants children
  • Lives in a high-cost area
  • Ambitious and driven
  • Envisions achieving significant financial freedom to support their family
Dark_Koopatrol posted...
Option 1 Voters:
* Mostly aged 35 and above
* Single
* Holds a demanding job
* Current monthly income is below $5,000
* Resides in a low-cost area

Option 2 Voters:
* Mainly under 40 years old
* Married
* Has or wants children
* Lives in a high-cost area
* Ambitious and driven
* Envisions achieving significant financial freedom to support their family

Damn, you nailed Option 2 voter down to the "T" for me.
DI MOLTO!
Murphiroth posted...
I'm here for a good time, not for a long time, I'll probably be dead before 60.
Especially when youre 60 and realize you can live on $60k a year
It takes zero effort to be a good person.
Prestoff posted...
Damn, you nailed Option 2 voter down to the "T" for me.
Same. Except Im over 40
It takes zero effort to be a good person.
Dark_Koopatrol posted...
Option 1 Voters:
* Mostly aged 35 and above
* Single
* Holds a demanding job
* Current monthly income is below $5,000
* Resides in a low-cost area

Option 2 Voters:
* Mainly under 40 years old
* Married
* Has or wants children
* Lives in a high-cost area
* Ambitious and driven
* Envisions achieving significant financial freedom to support their family

See, I dont neatly fit either of those which is why I dont want either deal.
I couldn't live on $5k a month
Currently playing: Nothing, I'll start again after my honeymoon
Post #47 was unavailable or deleted.
I would be tempted on the 5k if it adjusted for inflation every year. As it is now, that's hardly a step up from what I'm making, and in 10-20 years will probably not be enough for basic expenses. This would also make me lose health insurance, since I get that far cheaper through my job, so I would almost be losing money with that deal.

The other one would let me pay off my house and car in half a year, at most, and although 5 out of 7 days each week would suck, the extra money would mean I can do whatever the fuck I want on the remaining two days. It would also mean I can take an actual vacation. Though I would prefer doing my current job over the one in the deal.

bigblu89 posted...
Its definitely more of a personality question than a financial one.

I'm not sure I agree with this, at least not with the amounts offered. You want the question to basically be "Live comfortable and not have to work" vs "Be wealthy but work a lot." 5k a month does not mean "Live comfortable" for me, so the question doesn't work.
Bosses are immune to the eat command so it won't be possible to end the final boss fight of the game by eating it.
-VeghEsther
I take option 2.

Quick request though, can I make the job I do in Job two more relevant to my career? Like 12 hours of computer programming, making phone calls to project stake holders etc?
Neither tbh. 5k a month is less than I currently make after all of the deductions and I can't peace out and retire on that salary. 50k a month working 12 hours a day for at least 5 years doing what the OP said would just lead to me blowing my brains out within the first year so the money is useless
Roll Tide & Go Irish
Current Events » $5k a month to NOT work, or $50K a month to work 12 hour days
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