3 ms·
> "it's approximately equivalent to accepting 1 or 2 extra short contracting gigs." Except: - You don't have to do the work (you are free to do more work or r
by chavesn 13y ago
> "it's approximately equivalent to accepting 1 or 2 extra short contracting gigs."
Except:
- You don't have to do the work (you are free to do more work or relax)
- That's one or two gigs every year (until you choose to spend the money)
- The gigs compound: in 9 years, it's 2-4, and in 18, 4-8
per year.
I'm just providing an alternate viewpoint, but I don't disparage your right to play "the lottery" this way. I think that's a perfectly valid basis for a personal investment strategy.
As you pointed out, it might be statistically worse, but you aren't interested in the median return, either.
- morgante 13y ago> - The gigs compound: in 9 years, it's 2-4, and in 18, 4-8 per year. Ideally, my hourly rate also increases, though perhaps not exponentially. Still, I really meant the gigs purely as a comparison point... even $16,000 after 9 years isn't much of a lifestyle difference.
- chavesn 13y agoThat's true, and an important point: if you expect your personal earning power to grow at a rate far greater than 8%, then investing your principal now will have little effect one way or the other. But investing later will, so it's good to be prepared with the right strategy for you (whatever that is).