This is what I wrote:
Originally posted by Nibedicus
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.
I felt like I was pretty clear that the concern was from the spouse when I wrote it. /shrug
If not, then I guess I'm clarifying it now.
Originally posted by Oliver NorthIt 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...
Man, you are so hot....
Soooo...
Just so we can get things straight/sure:
You'd all turn down a job (that you KNOW you'd hate) that would offer (let's say) 100k USD a month (where, in the economy you're in, would be woth 5x as much) for a job you love that offers somewhere between 35-40k USD annually (in an economy where it would be worth just that)?
Originally posted by StyleTime
You've added some specific figures now, and those aren't all the stipulations you had in the OP. In the OP, option 1 is an auto-lose almost solely because you can't actually do anything with your money.Well, not until you're 3 years from death.
Didn't say you CAN'T spend the money. Just that you won't have that much time to do so (like I said, it literally eats up all your time). You'll NEED to keep working to sustain it, tho as you're in a company that's heavily leveraged that you will be personally liable for (as it is, functionally, a single proprietorship). So, you can't do the whole "Work for 5 years, save all my money then quit" route.
I added the figures just to make the choice a bit more realistic.
So then there's no point to having the money. If your goal is personal gain, then you're gaining, essentially, nothing. The only way that option would be attractive is if you're a very altruistic person and that money you're earning is a remittance for your family or something. The psychological/physiological stress of consuming your entire life with wretched tasks is not worth the bloated bank account. Most people don't work because they like having a lot of money--they work because they enjoy spending that money, and having the time and freedom to relish in it.
Originally posted by Nibedicus
Didn't say you CAN'T spend the money. Just that you won't have that much time to do so (like I said, it literally eats up all your time). You'll NEED to keep working to sustain it, tho as you're in a company that's heavily leveraged that you will be personally liable for (as it is, functionally, a single proprietorship). So, you can't do the whole "Work for 5 years, save all my money then quit" route.I added the figures just to make the choice a bit more realistic.
Cool. You'd still need to really nerf Option 2 or buff Option 1 for this to be even.
Symmetric Chaos summed it up nicely.
Originally posted by Symmetric Chaos
Money isn't fun, getting to do stuff with money is fun.
Originally posted by StyleTime
Maybe I should re-phrase. Yes, you could spend the money; however, you can't actually enjoy(selfishly) much of what you buy. The job eats all of your time.Cool. You'd still need to really nerf Option 2 or buff Option 1 for this to be even.
Symmetric Chaos summed it up nicely.
Not trying to make it even, tho. I'll be honest, I felt bad suggesting option 2 to my friend due to the sheer magnitude of exactly what he's giving up when the numbers are tallied.
Went online (not the best way to do it, I know) just to validate that I gave the right advice, I guess. 😛
Originally posted by Nibedicus
Not trying to make it even, tho. I'll be honest, I felt bad suggesting option 2 to my friend due to the sheer magnitude of exactly what he's giving up when the numbers are tallied.Went online (not the best way to do it, I know) just to validate that I gave the right advice, I guess. 😛
Originally posted by StyleTime
Oh, I misunderstood the thread then. 😮
Nah, u didn't misunderstand, I was actually presenting the thread that way at the start just to keep out "personal" references in it at the start. I realized after that it makes more sense to keep this out of the "hypothetical" scenario as the choices themselves seem a little unbalanced/impractical/unrelatable at first.
Originally posted by Nibedicus
Not trying to make it even, tho. I'll be honest, I felt bad suggesting option 2 to my friend due to the sheer magnitude of exactly what he's giving up when the numbers are tallied.Went online (not the best way to do it, I know) just to validate that I gave the right advice, I guess. 😛
In reality, though, there would generally be a third option
For myself, or anyone with a post-secondary degree (I know this does limit a lot of people, but bare with me), there is almost certainly a position out there where you could be making more money (for myself, I could, today [if there were jobs open] get employment in industry instead of academia and make considerably more money), or where they could have far more personal freedom (any minimum wage job would be less demanding than what I have now, and I'm sure I could find one that was enjoyable).
The goal shouldn't be to choose between these two options, but to find something that is both financially worthwhile and enjoyable, and frankly, these positions do exist if your friend is willing to put in the leg work.
Well, of course there will eventually be a third, fourth, fifth, etc. option. But the choice (as it happened) really only provided him with two definite and existent options.
He may also approach his current position in the company and work on reducing the debt to asset ratio of the company given sufficient time simply by slowing down its expansion and focus on converting profits to debt servicing rather than fueling growth (something that he'll have the opportunity to do once he's taken the job). But as like I said, we're not talking about possible opportunities that exist long enough to give us sufficient time to look for better ones or give us sufficient time to make new opportunities ourselves. Many doors tend to only stay open for a very short time.