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If you took home 300k for 10 years then you don’t have to worry about getting a job.
by bluecheese452 1y ago
If you took home 300k for 10 years then you don’t have to worry about getting a job.
- PaulHoule 1y agoFor many people expenses expand to fill income. Some people think that the real brilliant investors of the bay area are the real estate investors who captured all the value.
- sokoloff 1y agoThat’s only $3M total gross. You paid over $1M in taxes across fed, state, and FICA. You probably spent over $500K if you lived quite frugally. That leaves maybe $1.25M plus some growth on that. Call it $1.5M. That will give you $60K/yr in income with high likelihood to last 30+ years. Pay taxes on that and you’re living in less than the $50K/yr you were living on before plus you have to buy health insurance. That’s not very appealing to most.
- esseph 1y agoThe last sentence is completely wrong - that's almost the US median income. MORE THAN HALF make less, and they are actually working during that timeframe.
- bluecheese452 1y agoYou spent 50k a year if you lived quite frugally?