$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
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.
"Why are you always smiling?"
"'Cause it's all so f***in' hysterical."
myztikrice posted...
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.


If you're working a 12 hour office shift then you're not going to be anywhere close to rush hour traffic.
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Yeah at 50k a month you can easily have it so that you live within walking distance of work
RIP Lex Megathread
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POV: natural deduction is the entire career
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5k a month is like general manager salary in a big company in my country, i'd take that and get fat from laziness then die
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So work get .

Don't work but still get money.

Hmm
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SailorGoon posted...
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.
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Revelation34 posted...
Plus if you feel it's too hard then you can just quit after the first month.

Not in this hypothetical, you cant.
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.
Cynic, n. A blackguard whose faulty vision sees things as they are, not as they ought to be. - Ambrose Bierce, The Devil's Dictionary
Here's my 2

You can have
-the deep professor
Or
-the professor of lives

Which one are you picking and which one works longer?
updated 5/22/2023
https://gamefaqs.gamespot.com/boards/1568-100-presidents
Daremo posted...
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.
If the $60,000 is NOT inflation-adjusted over time and you are younger than say... 45, it's not a great long-term deal. You might think: "I can easily live off $60,000." And you absolutely can in almost every country in the world (not VHCOL cities). BUT if inflation eats 3 or 4% of the $60K every year, its value will drop significantly unless you can live off even less (say $40K) and then invest the remainder to try to offset inflation.

For option 2:
$50,000 x 12 months x 5 years = $3,000,000

4% Safe Withdrawal Rate on $3,000,000 lump sum invested into 70/20/10 Boglehead portfolio = $120,000 / year with 96% success rate over 30 years if you never work a day in your life, not even counting whatever crumbs you get from social security or other national pensions.

So it's a question of whether you want to work 5 years to:
  1. Double the $60,000 per year
  2. Be confident in beating inflation with a lump sum investment earning around a conservative ~8% annually on average.


If you already have significant savings or investments that will combat inflation and you're middle aged, then option 1 is an easy ticket to a beach in Spain or Costa Rica.
If you're in your 20s or 30s, you pick option 2.
Glob posted...
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.

Working a 7-7 office job instead of 9-5:30 for 5 years in order to retire at 51 would be cake.
It takes zero effort to be a good person.
Option 2 without a second thought. Option 1 doesnt help with inflation as prices continue to increase and it certainly doesnt help that Im not allowed to make money on the side to make up for it. $60k a year isnt going to last me the rest of my life. At least with option 2 I can be lazy as fuck without the risk of being fired and come out with $3 million after 5 years then do whatever I wanted afterwards. TC didnt say I had to take the job serious lol.
Sig
bigblu89 posted...
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.
Maxim, a corruption of not a virgin
updated 5/22/2023
https://gamefaqs.gamespot.com/boards/1568-100-presidents
This would depend on things like benefits. I have 3 kids, 2 of which are autistic. I need good health benefits. Id lean to B and retire after the 5 years. I already work roughly 10 hours a day most days, sometimes more. And I could provide very well for the future without having to work. I feel like option A, we would be a few huge medical bills away from struggling badly.
Father of 3
5k a month to see if you would get hired to be sure you would be hired to know you got the job
updated 5/22/2023
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Glob posted...
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.

Definitely agree. I feel like I would go with Option 2 up until I was around 55ish because my goal right now is to retire when I'm 60.
It takes zero effort to be a good person.
Can I invest the 5K?
buss on life
Spiderman23J posted...
Can I invest the 5K?

Once it's yours, it's yours.

It just stops if you get a job.
It takes zero effort to be a good person.
Glob posted...
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
RIP Lex Megathread
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I literally only fucking make 2k a month working full time
"My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci
orangefire25 posted...
I literally only fucking make 2k a month working full time

You're doing life wrong.

Ask me anything about big cats.
SaltyWet posted...
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
"My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci
orangefire25 posted...
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.
Glob posted...
Its very hard to be sympathetic to somebody with that mindset.
Understandable, have a good day
"My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci
orangefire25 posted...
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

Learn the job you are doing. Get damn good at it try to get pay raises or promotions.

I know a guy who's only ever worked for one company.. food lion he's assistant head manager at one now and is apparently the highest paid food lion employee in the state as everytime he transfers to another store he negotiates a pay raise and it works cause every store wants him.
I put my heart and soul into my work and I fear I have lost my mind in the process
orangefire25 posted...
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.
Like it or leave it. Hey, where are you going?
How about $10k a month to work 3 hour days and take a nap every day
I make a little over 4K after taxes and shit. Gimme the 5K
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myztikrice posted...
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.
BewmHedshot posted...
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
@('_')@
Glob posted...


Not in this hypothetical, you cant.


It doesn't say anything about quitting in the OP.
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Revelation34 posted...
It doesn't say anything about quitting in the OP.

For option 2, you have to work at least 5 years.

You have to work AT LEAST 5 years before you can retire. No 401k or pension. Once you retire, the money stops.
It takes zero effort to be a good person.
Revelation34 posted...
It doesn't say anything about quitting in the OP.

Perhaps you should read it again?
Glob posted...


Perhaps you should read it again?


It says before retiring. Retiring is not the same thing as quitting.
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Revelation34 posted...
It says before retiring. Retiring is not the same thing as quitting.

In this context, yes it is. Retirement doesnt always mean claiming a pension. Im a retired athlete,
for example.

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.
Option 2 is my life now, just for substantially less than 50 k a month. I actually like my job, so i could do this for another 5 years easily. Also I have a kid and family. It would be great to be able to leave them in a good place if for forbid anything were to happen to me. A small price to pay for long term financial security.(or as close to that as you can get with the world being what it is now)
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Glob posted...


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.

Exactly.

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
It takes zero effort to be a good person.
bsp77 posted...
I couldn't live on $5k a month

Yeah, I make more than that now so it would be a net loss for me. I rather do option B, save up a fortune, and retire very early.
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bigblu89 posted...
Exactly.

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.
I put my heart and soul into my work and I fear I have lost my mind in the process
Sufferedphoenix posted...
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!

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.
It takes zero effort to be a good person.
bigblu89 posted...
Thats what Ive been trying to say this whole 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.
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reincarnator07 posted...
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.

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).
It takes zero effort to be a good person.
bigblu89 posted...
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'll take the modest life filled with time on my hands for my own pursuits.
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Villain_S_Fiend posted...
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.

I posted this back on the first page, but bears repeating. This was in the original discussion when I saw this scenario:

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 life 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.
bigblu89 posted...
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).
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.

$5k/month is more than I'm on right now. At those wages, I'd have enough to live on and still invest. It's not going to be crazy luxury, but it's certainly comfortable. More money would be nice, but it's enough money, especially when it also would give me back 45-50 hours of time back since I wouldn't have to commute or prepare for work.
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bigblu89 posted...


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.
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Current Events » $5k a month to NOT work, or $50K a month to work 12 hour days
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