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  • Choose Your Fighter



    VS.

    Last edited by james.hendrickson; 06-22-2021, 06:18 PM.
    james.c.hendrickson@gmail.com
    202.468.6043

  • #2
    Plan A. Money in the pot. Money coming in from worthwhile and rewarding work. Money for later.

    I don't need $20M to make that happen, although I'm sure it would be nice in some regards. And it would also come with the problems of having $20M.
    Last edited by ua_guy; 06-22-2021, 07:41 PM.

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    • #3
      What good is $25K?
      It's a decent chunk, but that isn't anywhere near FU money.
      No one is walking away from their job or having any kind of true freedom with only $25K

      I'll take the 20MM
      Brian

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      • #4
        Nope. Not choosing. I'll keep pursuing the happy medium.

        Comment


        • #5
          Originally posted by scfr View Post
          Nope. Not choosing. I'll keep pursuing the happy medium.
          Ditto.

          Comment


          • #6
            Originally posted by bjl584 View Post
            What good is $25K?
            It's a decent chunk, but that isn't anywhere near FU money.
            No one is walking away from their job or having any kind of true freedom with only $25K

            I'll take the 20MM
            We have a one or two employees every year quit their job with us because their tax refund was $2K.

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            • #7
              I'm not really getting the point of the OP.

              One guy is saying financial freedom is 25K in savings, a retirement plan, and a job you love. Maybe that's true if your definition of financial freedom includes working indefinitely. And it's highly dependent on how much is in that retirement plan, which he doesn't mention.

              The other guy is saying $20M isn't enough to have financial freedom which is a really bizarre statement.

              What's the point here?
              Steve

              * Despite the high cost of living, it remains very popular.
              * Why should I pay for my daughter's education when she already knows everything?
              * There are no shortcuts to anywhere worth going.

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              • #8
                Originally posted by disneysteve View Post
                I'm not really getting the point of the OP.

                One guy is saying financial freedom is 25K in savings, a retirement plan, and a job you love. Maybe that's true if your definition of financial freedom includes working indefinitely. And it's highly dependent on how much is in that retirement plan, which he doesn't mention.

                The other guy is saying $20M isn't enough to have financial freedom which is a really bizarre statement.

                What's the point here?
                Its about how much you actually need to financial independent/financially free. I posted it as I thought it was nice tongue in cheek contrast of competing perspectives.
                james.c.hendrickson@gmail.com
                202.468.6043

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                • #9
                  Originally posted by TexasHusker View Post

                  We have a one or two employees every year quit their job with us because their tax refund was $2K.
                  That's just the short-sightedness of most people.
                  I know a guy who quit his job when he got the first round of stimulus at the beginning of Covid.
                  He is still unemployed today.
                  No idea how he is surviving.
                  Brian

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                  • #10
                    Originally posted by bjl584 View Post

                    That's just the short-sightedness of most people.
                    I know a guy who quit his job when he got the first round of stimulus at the beginning of Covid.
                    He is still unemployed today.
                    No idea how he is surviving.
                    That's the flip side of everyone "resigning" from their jobs. Let's check back in a year and see how all of that worked out.

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                    • #11
                      Originally posted by TexasHusker View Post

                      That's the flip side of everyone "resigning" from their jobs. Let's check back in a year and see how all of that worked out.
                      This will be interesting. My daughter is managing two sub shops with a total staff of 12 when she would normally have 30. They are getting burned out fast. Are all the folks that would normally fill these jobs really just collecting unemployment and not looking for work? That baffles me.

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                      • #12
                        Originally posted by corn18 View Post

                        This will be interesting. My daughter is managing two sub shops with a total staff of 12 when she would normally have 30. They are getting burned out fast. Are all the folks that would normally fill these jobs really just collecting unemployment and not looking for work? That baffles me.
                        Something doesn't add up with all this.
                        I have to think that eventually, unemployment benefits or not, a large number of people will be looking for work.

                        Brian

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                        • #13
                          Originally posted by corn18 View Post

                          This will be interesting. My daughter is managing two sub shops with a total staff of 12 when she would normally have 30. They are getting burned out fast. Are all the folks that would normally fill these jobs really just collecting unemployment and not looking for work? That baffles me.
                          Depending on the state, yes, I think there is a lot of that. When Texas ceased with the Federal unemployment "bonus", we started getting applicants like crazy. And the periodic big "stimulus" payments aren't helping either. If we can get folks off of the government teets, things should normalize.


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