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Life Choices: Income or a "Life"
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Nibedicus
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Life Choices: Income or a "Life"

Basically, you're given a choice:

1) Work in a job you hate that eats up ALL your time and make a TON of money. This job also requires you to keep working until your retirement age or you end up losing everything you've worked for. Once you retire (late 60s to early 70s), you get to enjoy the fruits of you labor: A Mansion, a yacht, several luxury cars and a big fat bank account.

2) Work in a job you love. Make just enough to get by (w/c includes decent education for your kids as well as all the relevant insurances/benefits at an average level). You control your time and you're allowed to split your time between yourself, your work, your loved ones and your activities/hobbies outside of your work. You retire with an average pension.

Given a choice between the two. Which path would you take?

Old Post Nov 5th, 2012 12:25 PM
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-Pr-
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Option 2.

Option 1 would be nice, but 2 would make me happier in the long run.


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Symmetric Chaos
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Option 2 is pretty incredible, I'm making no sacrifices in order to do something that I love.


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Old Post Nov 5th, 2012 01:26 PM
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tsilamini
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ya, I fail to see the downside of an upper middle class lifestyle that gives me absolute freedom....


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Old Post Nov 5th, 2012 02:12 PM
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Bardock42
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Same


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Old Post Nov 5th, 2012 02:14 PM
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focus4chumps
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first world dilemmas


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Old Post Nov 5th, 2012 02:22 PM
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Digi
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What everyone else is saying. I'd also add that hypothetical scenarios that don't conform to reality are only occasionally useful. Artificial restrictions like being forced to work until retirement add false constraints that don't exist in the modern world, and thus are only useful as talking points if they give us some sort of insight into our inner being. In this case, I think the revelatory value is limited, at best.


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Old Post Nov 5th, 2012 02:23 PM
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Mindship
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quote: (post)
Originally posted by Nibedicus
1) Work in a job you hate that eats up ALL your time and make a TON of money. This job also requires you to keep working until your retirement age or you end up losing everything you've worked for. Once you retire (late 60s to early 70s), you get to enjoy the fruits of you labor: A Mansion, a yacht, several luxury cars and a big fat bank account.

2) Work in a job you love. Make just enough to get by (w/c includes decent education for your kids as well as all the relevant insurances/benefits at an average level). You control your time and you're allowed to split your time between yourself, your work, your loved ones and your activities/hobbies outside of your work. You retire with an average pension.
Option 2...not far off from where I am, anyway.

I've known quite a few people over the years who were going for something like Option 1. Generally, an insecure, pompous, and relatively shallow lot whose identites are wrapped up in materialism. Generally.


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Old Post Nov 5th, 2012 02:41 PM
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Nibedicus
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Follow up question: What's the threshold for when Option 1 becomes tolerable instead of Option 2? Basically, to make things more interesting, let's add a few "uncertainties" to Option 2:

1) Your income in Option 2 is at the level where you can only save as much so that your kids might need to go to public school and a community college. Or/and;
2) Medical insurances in Option 2 might be insufficient to cover the difference between your income and the best care you can possibly get if you get seriously sick. Or/and;
3) Your income requires that your spouse also continue with her job. It's a moderately physically demanding job (let's say a Physical Therapist). The risk is that if she worries about getting too old to continue working as a physical therapist as her income is needed to make ends meet.
4) Job security becomes uncertain in Option 2. It's not completely uncertain, let's just say you're working in a risky industry.

Will any single or group of uncertainties make option 1 a more tolerable choice?

Old Post Nov 5th, 2012 03:12 PM
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Jedi Sheriff
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A teacher asks his students, "What do you want to be when you're older?"
One child replies, "Happy."
The teacher says to the pupil, "I don't think you understand the question."
The pupil says, "I don't think you understand life."


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Old Post Nov 5th, 2012 03:49 PM
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tsilamini
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quote: (post)
Originally posted by Nibedicus
Follow up question: What's the threshold for when Option 1 becomes tolerable instead of Option 2? Basically, to make things more interesting, let's add a few "uncertainties" to Option 2:

1) Your income in Option 2 is at the level where you can only save as much so that your kids might need to go to public school and a community college. Or/and;
2) Medical insurances in Option 2 might be insufficient to cover the difference between your income and the best care you can possibly get if you get seriously sick. Or/and;
3) Your income requires that your spouse also continue with her job. It's a moderately physically demanding job (let's say a Physical Therapist). The risk is that if she worries about getting too old to continue working as a physical therapist as her income is needed to make ends meet.
4) Job security becomes uncertain in Option 2. It's not completely uncertain, let's just say you're working in a risky industry.

Will any single or group of uncertainties make option 1 a more tolerable choice?


Option 2: make enough money to educate your kids with post-secondary degrees, medical coverage for general health issues, you love your work, full freedom over hours with the drawback of minimal job insecurity and, though I think you underestimate how much PTs get paid, your spouse has to work also...

You realize this is still an option superior to what 99% of people have? Like, if you really want to do a "would you rather..." your comparisons need to have a clear drawback. Your option 2, to almost everyone on the planet, sounds like "do you want to earn an above average wage to do what you love and have freedom over when you work?" re: do you want an unrealistically fulfilling life? or do you want a life that, by the description in the OP, is only enjoyable in its later years?

I agree with Digi, the question is silly in the first place, but at least make option 2 have some negative that people might take pause at. Make it like, you never earn more than the individual poverty limit, or no medical coverage. Even the "starving artist" scenario.

It also screams volumes that you think having your wife work is a "sacrifice". I don't know if it is more offensive to women themselves, to my own feelings about individual worth, or an informative look at what type of background you must come from, but man... The soft bigotry of low expectations...


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Old Post Nov 5th, 2012 04:24 PM
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Astner
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I don't think I could live happily being just "normal". The thought of just being "content" with your life, having no aspirations or desires to become better, frightens me.

Old Post Nov 5th, 2012 04:32 PM
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tsilamini
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neither option is really "normal" though...


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Old Post Nov 5th, 2012 04:34 PM
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Colossus-Big C
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I cant possibly hate a job if Im making a ton of money, How can you possible hate a job paying you $50/h regardless of how much an ******* your boss is.

Compared to working a job you LOVE making $20/h.


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Last edited by Colossus-Big C on Nov 5th, 2012 at 04:42 PM

Old Post Nov 5th, 2012 04:39 PM
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Rage.Of.Olympus
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Re: Life Choices: Income or a "Life"

quote: (post)
Originally posted by Nibedicus
Basically, you're given a choice:

1) Work in a job you hate that eats up ALL your time and make a TON of money. This job also requires you to keep working until your retirement age or you end up losing everything you've worked for. Once you retire (late 60s to early 70s), you get to enjoy the fruits of you labor: A Mansion, a yacht, several luxury cars and a big fat bank account.

2) Work in a job you love. Make just enough to get by (w/c includes decent education for your kids as well as all the relevant insurances/benefits at an average level). You control your time and you're allowed to split your time between yourself, your work, your loved ones and your activities/hobbies outside of your work. You retire with an average pension.

Given a choice between the two. Which path would you take?


Option 2. Not really a contest.

Doing something I love with that much job security and freedom as well as very reasonable pay? Why would anyone in their right mind turn that down?


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Old Post Nov 5th, 2012 04:43 PM
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Symmetric Chaos
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quote: (post)
Originally posted by Colossus-Big C
I cant possibly hate a job if Im making a ton of money, How can you possible hate a job paying you $50/h regardless of how much an ******* your boss is.


The listed problem is "eats up all of your time". High powered lawyers, as an example, can end up with basically no life outside of work. Money isn't fun, getting to do stuff with money is fun.

quote: (post)
Originally posted by Astner
I don't think I could live happily being just "normal". The thought of just being "content" with your life, having no aspirations or desires to become better, frightens me.


You're not being "normal" though, you're just being average in terms of income (actually above average with the listed benefits).


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Last edited by Symmetric Chaos on Nov 5th, 2012 at 04:56 PM

Old Post Nov 5th, 2012 04:52 PM
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Ushgarak
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quote: (post)
Originally posted by Jedi Sheriff
A teacher asks his students, "What do you want to be when you're older?"
One child replies, "Happy."
The teacher says to the pupil, "I don't think you understand the question."
The pupil says, "I don't think you understand life."


This is precisely why we need corporal punishment in schools.


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Old Post Nov 5th, 2012 04:55 PM
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Darth Jello
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Why not point this dilemma out to enough of your coworkers to form a union so you can have both?


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Old Post Nov 5th, 2012 05:26 PM
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Nibedicus
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quote: (post)
Originally posted by Digi
What everyone else is saying. I'd also add that hypothetical scenarios that don't conform to reality are only occasionally useful. Artificial restrictions like being forced to work until retirement add false constraints that don't exist in the modern world, and thus are only useful as talking points if they give us some sort of insight into our inner being. In this case, I think the revelatory value is limited, at best.


I'm gonna be honest. This isn't a purely hypothetical scenario.

A friend of mine was given this choice just recently. He chose option B, of course. The choice seemed very simple at first until we got down to the nitty gritty details of it.

His choice was: Run his family's business (w/c would literally be a 15 hour a day work schedule) until he's old enough to pass it onto his kids the same way his dad passed it onto him. Or leave to pursue the career he's always wanted (as the opportunity has just recently presented itself to him). His choice of career would mean that he had to leave the country where the family business was in, w/c would mean that the responsibility of the business gets passed on to a different sibling. If he accepts, he won't be able to leave it at any time because the business itself is heavily centralized and highly leveraged and just up and leaving it whenever he feels like it would risk the business falling apart. It's not exactly as airtight or as definite as "can never leave it", but let's just say he sees it in this light due to the factors involved.

Me, my friend and some of our closest friends sat down to discuss his options as he was seeking our advice in the matter. Overall, it was a rather interesting discussion and I wanted to throw it in here as I felt like more minds contributing ideas would help illuminate the choices further (asked his permission, he didn't seem to mind me asking in a public forum as long as I keep his name anonymous).

I normally have Oliver over here on ignore, but I checked on what he said anyway as he contributed to the discussion. But as an answer to his comment about "soft bigotry of low expectations": the concern about his spouse working didn't come from him. It came from his spouse voicing her concerns about the uncertainty of their future as a good chunk of their income would be coming from her if he decides to walk away from the family business. Her work is very physical and there are limits to how long she can keep doing it (not necessarily PT, just threw it in as an example). There is no sexism here (I seriously don't see how you managed to jump to that conclusion w/o first asking for context in the first place), just genuine concerns voiced by the people affected by it.

Anyway, back to what I was saying... The thing is, we tend to initially see things in an idealistic light. One option being the obvious decision to take due to (what seems at the time) how we initially perceive it as the choice presents itself. Then as we delve deeper into the details of such a decision, we start addressing the details and realities of it. I wanted to discuss it in the same way as how our conversation progressed. That is why I started with a no-brainer choice and slowly revealed smaller realities that such a choice would entail.

The possibility of freedom in a happy life (even with uncertainties involved) is, indeed, the right choice (the way I see it anyway), but it's hard to walk away from the type of future that he was offered this is a LOT of money and people have done far worse than work hard and give up their time and their dreams to be super wealthy, to be honest.

Like I said, I introduced some follow up scenarios, would these possibilities make you consider option 1 even in the slightest or is it still a no brainer?

Old Post Nov 5th, 2012 06:25 PM
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tsilamini
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you dont see how saying: "your spouse has to work" is a negative thing could be taken as sexist?

you know, without the paragraphs of context you just gave?


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Old Post Nov 5th, 2012 06:32 PM
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