Choose Your Fighter

[TexasHusker]

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.

[bjl584]

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.

[corn18]

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.

[TexasHusker]

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.

[bjl584]

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.

[james.hendrickson]

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.

[disneysteve]

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?

[TexasHusker]

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.

[jenn_jenn]

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

Ditto.

[scfr]

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

[bjl584]

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

[ua_guy]

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.

[james.hendrickson]

VS.