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Started By
Message
re: If you were given 5 million dollars tax free today, would you keep working?
Posted on 3/22/24 at 5:30 am to Thundercles
Posted on 3/22/24 at 5:30 am to Thundercles
Of course keep working. It would be much easier now to make your day exactly as you want it, but our purpose and drive in life doesn’t come from the compensation, it comes from the process on getting there.
You can bang all the whores, all the chartered fishing trips, all the back porch sitting on hour new private ranch, etc, but will feel empty inside without having purpose.
You can bang all the whores, all the chartered fishing trips, all the back porch sitting on hour new private ranch, etc, but will feel empty inside without having purpose.
0
Posted on 3/22/24 at 7:08 am to AUstar
quote:
$5 million won't last long for someone middle aged or younger.
If you are really stupid with your money ,but yeah an 18 year old can easily live off of the for the rest of thier life and never have to work. Some of you say the most retarded shite when it comes to money.
Posted on 3/22/24 at 7:13 am to Thundercles
I've only got 2 yrs 8 months to go in a job I enjoy. It'll give me a retirement check every month and health care for life. I'm staying.
Posted on 3/22/24 at 7:17 am to AUstar
quote:
$5 million won't last long for someone middle aged or younger
T-Bills are paying 5% right now, so that's $250K/year without touching the principal. If you can't live on $250K, you have a spending problem.
Posted on 3/22/24 at 7:20 am to roux
quote:
No. But I'm not working right now. So there's that.
Same here. I've been retired for several years now and loving it and an additional 5 mil would go a very long way to allow me to do a lot of the things I could not otherwise do with my current pension situation.
Not that I'd blow it frivolously, but I would enjoy it while still being smart about it.
Posted on 3/22/24 at 7:20 am to Thundercles
Long enough to have the money in my accounts.
Posted on 3/22/24 at 7:38 am to Thundercles
I would retire and invest the 5 mil and live off of the interest. Already have a mil retirement and VA disability so a no-brainer for me.
This post was edited on 3/22/24 at 7:38 am
Posted on 3/22/24 at 7:39 am to Thundercles
Would not work again.
Posted on 3/22/24 at 7:39 am to CajunTiger78
Would also invest in some rental properties.
Posted on 3/22/24 at 7:40 am to Thundercles
Hell no
Posted on 3/22/24 at 7:43 am to Thundercles
Only long enough to transition my duties to my business partner.
Posted on 3/22/24 at 7:59 am to tigerfoot
I’d definitely keep working at my age. Terrible look for my kids to see dad not doing anything all day (in my opinion). But I’d absolutely not be doing the job I’m doing now haha. I’d find me something cushy, low stress, with lots of time off.
Posted on 3/22/24 at 8:05 am to Thundercles
quote:
would you keep your current job
Hell no. I calculated it. If my wife and I didn't change a thing, and both quit our jobs, 5 million would carry me into my 80's. So yea, frick this job. I'd do some little side gig like cutting grass, or property maintenance.
Posted on 3/22/24 at 8:22 am to Thundercles
No way…and I like where I work.
Posted on 3/22/24 at 8:23 am to Thundercles
I already have about 5 and I’m not excited about giving up my salary to retire. But everyone says if you only pull money out at 4% of your portfolio value then you’ll be fine
Posted on 3/22/24 at 8:26 am to Thundercles
Nope
Posted on 3/22/24 at 8:27 am to Thundercles
I'd work for up to the end of the year so my company can find a replacement and let me train them. I really like where I work though, and it's a small company that's like family. I may even decide to work until my kids graduate high school, at least on a part time basis. It's not work if you do what you love with good people.
Posted on 3/22/24 at 8:38 am to lowhound
Agreed
Posted on 3/22/24 at 9:29 am to Thundercles
I would invest the money and work 5 more years as planned.
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