9 ms·
I'll tell you what would solve mine. About $2m.
by sgt101 4y ago
I'll tell you what would solve mine. About $2m.
- bachmeier 4y agoYou're weird if the possession of any amount of money actually solves a problem. I bring this up because I got advice long ago that if you think you need more money to be happy: 1. What you really want is what you can do with that money. 2. There's usually an alternative way to get nearly equal enjoyment for far less money.
- xyzzy123 4y agoAgency & control over own time costs about this much in a modern economy if you don't want to compromise on housing or having a family.
- t-writescode 4y agoI'm not fully convinced this is true when the problem is burnout. Burnout recovery *requires* you to stop working in the area that caused the burnout; but, many of us have golden handcuffs in our job's income, so multi-year relief from it - especially if it allows us to buy a house so we have security - may be what's required here.
- throw5399375930 4y agoI agree with sgt101 though. You're right about (1); I don't dream of $2M in the bank, but not having to work for a living, and have all the time in the world to pursue my actual interests. But (2) I disagree with. I don't have $2M but I probably have enough to retire in a shit country and live frugally (before you judge me: I was born and raised in a shit country, but managed to get to a better place, literally and figuratively). I'd have all the time in the world to pursue my actual interests; but at the cost of living in a shit country, having to worry about my physical safety or other similar concerns. With $2M though (or more realistically, with $5M, but the point stands) I could achieve (1) in the awesome country where I live now. So yes, in my case, $5M in the bank would absolutely solve the problem.
- psyc 4y agoThe problem that amount of money solves is having to trade your waking hours and obedience to bosses or clients in exchange for room and board.
- bachmeier 4y agoIs this meant as disagreement with my comment? To disagree with my comment, you'd have to argue that there is no alternative to getting hit with a big pile of money in order to deal with the problem of a bad job. Without even giving it much thought, I can list a few: change careers; get a better job; marry someone with a decent job, which will expand your employment options; start your own company; live a more frugal life and work fewer hours. The important thing to take away from the advice is that everything I've listed is a realistic solution but getting the big pile of money isn't.
- dinosaurdynasty 4y agoThe problem isn't a bad job. The problem is having to have a job at all.
- trevithick 4y agoI see the logic in your initial comment. But getting a big pile of money is as realistic as much of what you listed here. How is "Just marry someone wealthy" more realistic than getting a pile of money (not to mention that that suggestion is merely a roundabout way of getting access to a pile of money)? What if I'm already married? There are many reasons the other suggestions are virtually as out of reach for most wage slaves as getting helicopter money.
- askafriend 4y ago> marry someone with a decent job You were so close. Marry rich is the answer.
- amelius 4y agoFinding a life partner is more difficult without any money. On the other hand if you find her/him, then you know they weren't after the money.
- taylorius 4y agoThere's also what that money enables you NOT to do.
- tw600040 4y agoPretty sure once you hit 2m it will then be 10m :)
- photochemsyn 4y agoI don't know, $2 million invested at 5% return would equate to a post-tax income of about $75,000 or so per year which meets the threshold level of being able to own your own home (in a region with relatively depressed property values perhaps) and engage in whatever (relatively low-cost) activities you wanted to for the indefinite future, be it gardening or programming or art or whatever. Of course, that's all predicated on a stable civilizational standard which is not at all guaranteed these days, due to issues like climatic instability, social strife, etc.
- aetherson 4y ago5% real return is a scary thing to try to tie the rest of your life to.
- sneak 4y agoPerhaps they can buy an annuity or something that will bank on 7% average annual over a 20-30 year timespan and guarantee 5% real return each and every year.
- aetherson 4y agoDoes such a product exist? I would be surprised if it does. (I played with Schwab's annuity estimator and it basically refused to give me an estimate)
- aetherson 4y agoNow that I'm back in front of a computer instead of a phone, I looked up: https://www.bankrate.com/investing/annuity-calculator/ https://www.bankrate.com/investing/annuity-calculator/ It suggests that for an annuity with a 2% annual growth (which at least maybe approximates "flat real rate of return,") for 30 years, it'll give you about 3.7%, not 5%.
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- mxuribe 4y agoI'm with you! I think my calculation was figuring $5MM...but, hey, i can make it work for $2MM. :-)
- ffhhj 4y agoPhilosophy is hunger of the mind, we replaced it with consumerism.
- antegamisou 4y agoExactly, funny how the article and everyone else in the thread treats it like another weapon to their 'self-help' inventory.
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