2015 Bump. Same song new verse with that homie.
Straight troof, am I wrong for wanting a work life balance and live by work hard play harder? I won’t want to work hard and work harder all my life. This cat is still whistling the same tune. Sure I’ll never make Numi money, but honestly money is not the one and only motivator for me.
I’m just getting sick of his talk about complete dedication and give yourself to your career babble.
havent seen numi around in a while, prob chillin on his yacht
i agree with your sentiments, CvM. I enjoy working hard now and learning CFA material, and very much enjoy reading economics/finance articles more than ever in part because i understand them more. i also enjoy working my ass off now because i know i will never be happy in life without knowing i gave it my all while i can. but quite frankly i am longing the day when I can sit down and read a history book and learn about something other than finance crap. unlike your boss, you are perceptive enough to realize the marginal benefit of working x + y hours instead of x hours no longer add up. n dats da troof homie
lol dude cvm. u and me have a ton in common. your past is my current path. right now i am chasing street cred. potentially a charter if i pass this last test and a couple more years exp. In a couple years I have a big choice in taking the mba or never thinking about it again cuz i’ll be in the sweet 26 to 28 range.
status quo, the traditional route. keep working until 40. then call it quits. i’ll prolly have over a mil. then juss live day to day in the US. i’ll be a cali beach bum since a mil in US isnt really much. LEAST RISK, Money route.
or mba at 28, i’ll have the prestige that comes with it, but this will cost me prolly over 300k with the lost inc. i would prolly have to work for 15 years to make it equivalent to the status quo dcf wise. this is prolly the riskier move. HIGH RISK, Prestige route.
or keep working until i rack up half a mil prolly at 28 to 30. then call it quits and move back to philippines and live like a king. i can prolly generate 50k/year in passive inc and i will only need to spend prolly $15k to $25k and have maids, drivers, etc. its the least traditional move but im taking advantage of the low cost labor in phil while maximizing the services i get from the high earning capital in the us. smartest move imo but pretty unorthodox. MARKET RISK, king route.
in the end, i will still be doing the same job. investing assets. the difference is whether the assets are mine of someone else’s, the length of time i need to work for someone else, and the type of lifestyle i will have. i like all of them. which would you choose?
3 kiddo. King .
RU factoring a spouse and kids into any of those scenarios?
I spoke to a client last week. He’s a retired teacher and also somehow draws social security. He moved to Thailand a few years ago. His wife passed away before he moved, and now he has remarried a Thai citizen.
He says that he spends less than half his retirement pay every month and lives like royalty. There’s virtually nothing that he can’t afford to do on less than $2k per month.
yep. the first 2 is about 100k passive minimum. even a 50% market downturn is 50k passive. Plus I can get a tutoring job pretty easily at 30 bucks an hr if need be. ppl raise kids in the us at about 35k. in the philippines its basically 5x the purchasing power so $25k in phil is really $125k in purchasing power. its really all out market risk though, if market tanks, i gotta control my expense. No form of income really. i think the average salary is 5k. and das living a good life alraedy. and i would def choose the king route. dad is totally against it and calling me lazy, but its juss getting the best bang for the buck and being smart about it amirite.
^ Where will those kids go to college and who will pay for it?
them. i got grants and scholarships when i did it. worst case they take out a loan. and they pay back that loan. right? but honestly that is like what an additional minimum 18 yrs down the line. the young guns can figure it out.
Your manager still writing $250mm checks he’ll never be able to cash?
Still acting as if yo. Living like a $250mm with his lifestyle he’ll never be able to pay off.
Why didn’t I think of this nickname for him back in the beginning of this post???
“Shit Romney”
