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It's easy. If I had a site generating that kind of money on the side for that little work, I wouldn't quit my job either. Why would you when you don't need to?
by vlucas 9y ago
It's easy. If I had a site generating that kind of money on the side for that little work, I wouldn't quit my job either. Why would you when you don't need to? Two income streams are better than one. I'd just pay off debt, then bank the profit and build up a nice cash cushion.
Assuming this would be his only income, the costs would breakdown to something like this:
$8,000 NET PROFIT
$5,600 AFTER TAXES (assuming 30% - largely depends on where he lives)
$4,800 AFTER HEALTHCARE (assuming $800/mo - w/family coverage this would likely be more like $1k+/mo)
So we're down to less than $5k take-home already, with a lot of additional risk. He would also lose other benefits like a 401(k), and other various perks. He said elsewhere in the Reddit thread that this "almost" matches his work pay, so I assume he is already making well into six figures, and already taking home more than this from his employer's paychecks (probably $6k+).
With that info, the choice is clear. Just keep the job as plan B, and enjoy a double income stream. Why take on significantly more risk for less money, with no benefits, when you don't have to?