BackInTheGame78
Moderator
- Joined
- Sep 10, 2014
- Messages
- 14,679
- Reaction score
- 15,831
Fo sho!
Fo sho!
I had this option and i chose after taking a year off to go back to work. Literally nothing to do that young with a few million. Not enough to be elite status and splurge but enough to live frugally for the rest of your life.Let's say you're 33 and a multi-millionaire and you retire. What are you going to do with yourself for the next 40+ years? There's only so many posts and threads one can read on SoSuave.
Have you considered building a money bin to go swimming in?I had this option and i chose after taking a year off to go back to work. Literally nothing to do that young with a few million. Not enough to be elite status and splurge but enough to live frugally for the rest of your life.
I wanted to travel with friends and none were available. I wanted to go play, club, and gamble all the time which was a bad habit. No one was around to live that lifestyle with me so I chose to go back to work, develop more skills, make more money and keep myself busy.
still working now and its a lot more fulfilling than doing jack ****, playing video games. I did start my own youtube channel and socials during that time that i built to a few thousand followers but honestly its more fun to be working and meet people and still be able to enjoy life.
--
a few million even before the recent money printing debacle still isn't too much. I was only 30 at the time. It's definitely enough that i stopped valuing money, but i wasn't as naive to think it'd last my lifetime.
Wife on $2K / month?a few million even before the recent money printing debacle still isn't too much. I was only 30 at the time. It's definitely enough that i stopped valuing money, but i wasn't as naive to think it'd last my lifetime.
I took the experience from how i made that money, applied it further to bettering my life and now i make $300k/year. Aiming for $400k/year if this go well this month and also exploring new jobs while my net worth accrues.
--
when you have money and after you buy the things you want, there's really not much else to do which is why most people go back to work.
here are my expenses and what i bring in just from working. $20k/m income from work not including stock options.
rent - $3.3k/m
car - $1k/m (planning on another when i buy my house)
food & utilities - $4k/m
wife - $2k/m
baby $1k/m
misc - $1k/m
Even with these expenses, I can save a little but the money i've made prior is just gravy on top. Working just makes everything better. Keeps me busy. i'm learning new things, increasing my value, still stacking income, i still make a lot more money than i actually spend.
--
I'm 34, about to be 35 now.
Yeah that’s her own personal spending. She uses my account for anything for the family. If she needs more she just asks.Wife on $2K / month?
Do you think you'll be able to time your retirement with your last child's high school graduation? That seems like a really cool idea. The success of that idea would depend upon how much your 18-30 year old children would need from you. Since ~2000, 18-30 year olds have been more dependent upon their parents in young adulthood. Some of the first graduating classes to experience this were the Classes of 2001 and 2002, who graduated into the dot com bust. The mainly Millennial graduating Classes of 2007-2011 got the short end of the stick graduating into that severe recession. Young adults living at home became more pronounced with Millennials and the Great Recession.Absolutely. I am working toward early retirement now. If could retire today I’d sleep in each day, get up, work out and pursue my passions. Those include Latin dance & tango, chess and I’d also be free to parent full time while my kids finish out high school. I’d perhaps coach soccer (something I greatly enjoy) and write and create art. I’d have more to do that I really enjoy doing.
You see money buys freedom. If you know what generates happiness for you then you’ll never get bored. Especially if the things that you enjoy don’t cost lots of money. Sleep, sex, exercise & a healthy lifestyle do not require lots of money. So for relatively little I could enjoy freedom and pursuit of things I truly enjoy. I’m very skilled at my career but it’s a means to an end. I’d also consult in my industry ad hoc to create infusions of cash here & there.
I’d be the cat who ate the canary if I could retire this instant. Honestly I could retire now I just would have to penny pinch more than I’d like. Instead I’ll get into a spot where I can retire and enjoy my current lifestyle. That will be awesome
You essentially upped your VALUE in her eyes by showing her that, if she wants you, she has to at times do things that you like to do. You are SOMETHING after all. You are NOT FREE. If she wants to hang with you, it's going to cost her something — time, effort, money.
Quote taken from The SoSuave Guide to Women and Dating, which you can read for FREE.
I'm in the tech industry. I'm talking to a gun company right now who's pricing me in the same range so i'm not exactly limited to tech. I can work in blockchain, gaming, tech, and other industries.What industry are you in if you don't mind me asking?
life is short. it seems like once a week or once a month I know someone that dies while saving for retirement...Absolutely. I am working toward early retirement now. If could retire today I’d sleep in each day, get up, work out and pursue my passions. Those include Latin dance & tango, chess and I’d also be free to parent full time while my kids finish out high school. I’d perhaps coach soccer (something I greatly enjoy) and write and create art. I’d have more to do that I really enjoy doing.
You see money buys freedom. If you know what generates happiness for you then you’ll never get bored. Especially if the things that you enjoy don’t cost lots of money. Sleep, sex, exercise & a healthy lifestyle do not require lots of money. So for relatively little I could enjoy freedom and pursuit of things I truly enjoy. I’m very skilled at my career but it’s a means to an end. I’d also consult in my industry ad hoc to create infusions of cash here & there.
I’d be the cat who ate the canary if I could retire this instant. Honestly I could retire now I just would have to penny pinch more than I’d like. Instead I’ll get into a spot where I can retire and enjoy my current lifestyle. That will be awesome
Agreed. Time is everyone’s most precious commodity but in youth everyone feels invincible because the time horizon is assumed to be long so time is not as valued by a 20 year old as by a 50 or 60 or 70 year old, when you begin losing people who are your same age, it heightens appreciation for time & the realization that nothing is given and that one’s life is finite.life is short. it seems like once a week or once a month I know someone that dies while saving for retirement...
serious question: as a successful woman about money that can still find men that will pay. why do you need more money, what you need is more time. every moment is precious. between 50 and 70, your body will change. if you have the chance to run for a while now, do it. time is not a friendly god.
That's just different perspectives on why some want more money or less. I don't live my life to be happy which i've realized after discussing with people they find weird. I live my life to accomplish certain goals and those goals to me are more important than pursuing happiness and living in the moment. Money is just an means to an end of me accomplishing my goals. I didn't even personally realize that this is contrary to how others lived life.life is short. it seems like once a week or once a month I know someone that dies while saving for retirement...
serious question: as a successful woman about money that can still find men that will pay. why do you need more money, what you need is more time. every moment is precious. between 50 and 70, your body will change. if you have the chance to run for a while now, do it. time is not a friendly god.
A few million in an S & P 500 fund would bring in, on average, 7% a year. 3 million x 7% = $210,000.00 in gains. Add a 1.5% dividend, and that's another $45,000.00. Most people could live pretty well on $255,000.00 a year. Or, parlay that up into some rental properties and pull in even more + depreciation and less taxes.a few million even before the recent money printing debacle still isn't too much. I was only 30 at the time. It's definitely enough that i stopped valuing money, but i wasn't as naive to think it'd last my lifetime.
I took the experience from how i made that money, applied it further to bettering my life and now i make $300k/year. Aiming for $400k/year if this go well this month and also exploring new jobs while my net worth accrues.
--
when you have money and after you buy the things you want, there's really not much else to do which is why most people go back to work.
here are my expenses and what i bring in just from working. $20k/m income from work not including stock options.
rent - $3.3k/m
car - $1k/m (planning on another when i buy my house)
food & utilities - $4k/m
wife - $2k/m
baby $1k/m
misc - $1k/m
Even with these expenses, I can save a little but the money i've made prior is just gravy on top. Working just makes everything better. Keeps me busy. i'm learning new things, increasing my value, still stacking income, i still make a lot more money than i actually spend.
--
I'm 34, about to be 35 now.
Renting mainly because i move often. With work, covid, etc, i'm not sure where i'm going to live. Im supposed to be working from LA but never moved because of covid/blm riots. I want to move to texas and might push for it.. California is stupid with its laws and leadership. I planned to move back to east coast for a bit but then baby happened and my insurance in network coverage was a lot better to handle the baby so i stayed on the west coast. I will need to move in the next few months. I'm too busy to manage properties, wife is horrible with numbers, and childhood friends are all lazy/my new work friends all make too much to care.A few million in an S & P 500 fund would bring in, on average, 7% a year. 3 million x 7% = $210,000.00 in gains. Add a 1.5% dividend, and that's another $45,000.00. Most people could live pretty well on $255,000.00 a year. Or, parlay that up into some rental properties and pull in even more + depreciation and less taxes.
Why are you renting? It's a waste. House hack at least and you can have the other unit(s) pay your rent, some depreciation and write-offs. 1k for a car? What are you leasing, a BMW? 4k for food and utilities.. I do not think Warren Buffett spends 52k a year on food and utilities. Can't speak on wife and baby, but 36k seems like a lot as well, but I have neither at this time, so I cannot comment on those items.
Seems you are BMF dude. I hope you have a huge rainy day fun for when life happens.
that sounds good. as long as you feel success each or most days, that's a good path.That's just different perspectives on why some want more money or less. I don't live my life to be happy which i've realized after discussing with people they find weird. I live my life to accomplish certain goals and those goals to me are more important than pursuing happiness and living in the moment. Money is just an means to an end of me accomplishing my goals. I didn't even personally realize that this is contrary to how others lived life.
I need money to achieve my goals, and I have certain milestones set for myself. $100k, $1m, $100m, etc. and sub goals within each of those goals. While i'm on my journey of acquiring money and wealth, I'm also focused on acquiring and developing skills to make me more capable of achieving my goals after I have the tools ($money) to implement them.
At the end of the day, we're all going to die. Some sooner than later. Live life how you want and focus on the things important to you whether thats money, women, goals, etc.
It doesn't feel like success most days and I don't think it should. It was a tough journey and the journey isn't over yet. At times, i reflect on where I was and where I am now and it does feel nice, but then I look at where I want to be...... its still so far away. As I mentioned previously, I accept this and I don't live my life to be happy.that sounds good. as long as you feel success each or most days, that's a good path.
What happens, IN HER MIND, is that she comes to see you as WORTHLESS simply because she hasn't had to INVEST anything in you in order to get you or to keep you.
You were an interesting diversion while she had nothing else to do. But now that someone a little more valuable has come along, someone who expects her to treat him very well, she'll have no problem at all dropping you or demoting you to lowly "friendship" status.
Quote taken from The SoSuave Guide to Women and Dating, which you can read for FREE.