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    All Forums | General Discussion

    How much money would you need to quit your job?

    12 Next Last»
    I_Need_A_Detox
    StumpTownStu
    Doja45
    TheGoldenGoose
    nature1970
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    I_Need_A_Detox
    I_Need_A_Detox
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    Posted: Apr. 23, 2021 - 10:46 PM ET #1

    40 years old. 

    How much money would you need to quit your job? 

    No pension. No 401k. 

    And what would you do with the money? Invest in housing or stocks immediately while they’re at their highs or stay in cash and bet on a market dump in the next 2 years? 

    peace_5

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    40 years old. 

    How much money would you need to quit your job? 

    No pension. No 401k. 

    And what would you do with the money? Invest in housing or stocks immediately while they’re at their highs or stay in cash and bet on a market dump in the next 2 years? 

    peace_5

     
    StumpTownStu
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    Posted: Apr. 24, 2021 - 1:29 AM ET #2

    At least 30 million. I'm worth 8 figures and still haven't technically quit my job though I rarely actually work. And I work and live in two different states so i'm borderline retired now. Not technically though. I still work some here and there. Just enough to hang with the fellas and keep my benefits going.

    R.I.P. #94 MARSHAWN KNEELAND - DC4L
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    At least 30 million. I'm worth 8 figures and still haven't technically quit my job though I rarely actually work. And I work and live in two different states so i'm borderline retired now. Not technically though. I still work some here and there. Just enough to hang with the fellas and keep my benefits going.

     
    Doja45
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    Posted: Apr. 24, 2021 - 6:48 AM ET #3

    30 mil seems high but it all depends on your lifestyle and where you plan to live. Do you have dependents? 

    Let’s say you spend 150k a year on food, housing, travel, and entertainment. Even if you think you’ll live to 90 that’s 7.5 mil not factoring in any investments but it also doesn’t factor in inflation either.

    Real estate with the intention on making them rental properties is never a bad way to go if you buy in the right area. If you don’t want to deal with the headaches pay a good management company 6%

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    30 mil seems high but it all depends on your lifestyle and where you plan to live. Do you have dependents? 

    Let’s say you spend 150k a year on food, housing, travel, and entertainment. Even if you think you’ll live to 90 that’s 7.5 mil not factoring in any investments but it also doesn’t factor in inflation either.

    Real estate with the intention on making them rental properties is never a bad way to go if you buy in the right area. If you don’t want to deal with the headaches pay a good management company 6%

     
    TheGoldenGoose
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    Posted: Apr. 24, 2021 - 7:41 AM ET #4

    $30m???  Are you nuts???  I haven't worked in 10 years and stopped with $900K.  Any idiot can turn 10% a year on their cash.  You can't live on $100K a year in retirement?  Where and what mansion are you retiring?  LOL.

    You guys be very careful with that work s#it.  Trust me work is very highly overrated.  It's corny but true... If you've got your health then that's what's important.  Can name at least a dozen guys I knew who wouldn't retire and ended up having strokes and dying or are sitting in wheel chairs.

    Spend your money because in the end your kids/bratty grandchildren/State/Feds/retirement home are going to rob you blind anyway!!!

    ~~~~~ZOSO~~~~~
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    $30m???  Are you nuts???  I haven't worked in 10 years and stopped with $900K.  Any idiot can turn 10% a year on their cash.  You can't live on $100K a year in retirement?  Where and what mansion are you retiring?  LOL.

    You guys be very careful with that work s#it.  Trust me work is very highly overrated.  It's corny but true... If you've got your health then that's what's important.  Can name at least a dozen guys I knew who wouldn't retire and ended up having strokes and dying or are sitting in wheel chairs.

    Spend your money because in the end your kids/bratty grandchildren/State/Feds/retirement home are going to rob you blind anyway!!!

     
    nature1970
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    Posted: Apr. 24, 2021 - 9:32 AM ET #5

    If you love you job you never work a day in your life.

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    If you love you job you never work a day in your life.

     
    666LES
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    Posted: Apr. 24, 2021 - 11:28 AM ET #6

    Haven't had a paycheck in 20years+ and very safe to say I sleep very well. When our bankroll gets to a certain size,the money does the work and its not even handicapping any more,the money makes the money in the DARK. By in the dark,I haven't had an Income in 20+ years and sports/horses are 1 of the only entrprises that allowws the exchange of 1000s of $ without an SEC,IRS,or LGBTQ etc. to tag you. I've got a landline and I never say anything I won't say to the DA. My biggest pain is that I have to wait until the Casinos/racetracks stop checking ID at the door via Red Death cause I'm barred at most of them.

    My biggest problem is finding Outs and my girlfriend is going to learn how to be a Beard.

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    Haven't had a paycheck in 20years+ and very safe to say I sleep very well. When our bankroll gets to a certain size,the money does the work and its not even handicapping any more,the money makes the money in the DARK. By in the dark,I haven't had an Income in 20+ years and sports/horses are 1 of the only entrprises that allowws the exchange of 1000s of $ without an SEC,IRS,or LGBTQ etc. to tag you. I've got a landline and I never say anything I won't say to the DA. My biggest pain is that I have to wait until the Casinos/racetracks stop checking ID at the door via Red Death cause I'm barred at most of them.

    My biggest problem is finding Outs and my girlfriend is going to learn how to be a Beard.

     
    StumpTownStu
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    Posted: Apr. 24, 2021 - 1:57 PM ET #7

    @Doja45

     

    @TheGoldenGoose

     

    Maybe I misunderstood the question. I didn't take it as "How much would it take for one to retire?" I took it more of a "How much is enough for you, personally, at the age of 40 to decide to stop working." I'm a couple years from 40 and pretty well off but I like going to work. I don't work much. Like I said, my job is in another state but I pick up a project here and there. Few days here, couple weeks there. I would have to be looking at 25-30 to just completely stop working at 40. Work is so much fun when you don't need the money. When you know you can just walk if it comes to it.

    It's not about how much it would take to live. I could probably live happily on next to nothing. For me it's how much to walk away from 20 years of earning potential, and in turn, the earning potential of that income.

    R.I.P. #94 MARSHAWN KNEELAND - DC4L
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    @Doja45

     

    @TheGoldenGoose

     

    Maybe I misunderstood the question. I didn't take it as "How much would it take for one to retire?" I took it more of a "How much is enough for you, personally, at the age of 40 to decide to stop working." I'm a couple years from 40 and pretty well off but I like going to work. I don't work much. Like I said, my job is in another state but I pick up a project here and there. Few days here, couple weeks there. I would have to be looking at 25-30 to just completely stop working at 40. Work is so much fun when you don't need the money. When you know you can just walk if it comes to it.

    It's not about how much it would take to live. I could probably live happily on next to nothing. For me it's how much to walk away from 20 years of earning potential, and in turn, the earning potential of that income.

     
    TheGoldenGoose
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    Posted: Apr. 24, 2021 - 2:59 PM ET #8

    @StumpTownStu

    You know Stu, for some reason I just assumed you were older than 38 or so.

    To me you always sounded much wiser than your years.  peace_5

    ~~~~~ZOSO~~~~~
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    @StumpTownStu

    You know Stu, for some reason I just assumed you were older than 38 or so.

    To me you always sounded much wiser than your years.  peace_5

     
    I-Got-5-On-It
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    Posted: Apr. 24, 2021 - 3:07 PM ET #9

    @nature1970

     That only applies to the 5% club 

    Bet 5 Play Over Parlays and get rich
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    @nature1970

     That only applies to the 5% club 

     
    I-Got-5-On-It
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    Posted: Apr. 24, 2021 - 3:14 PM ET #10

    I know a lot of people would like to get the capital to start their business so depending on how much you wanted to work, you could call it retirement/semi retirement 

    I for one would like 100k for sports investments and possibly 300/400K for business 

    house/apartment bought and paid off , owning additional property a bonus, but rental income can be hit or miss depending on the city and economic circumstances and of course covid an_burn_money

    Bet 5 Play Over Parlays and get rich
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    I know a lot of people would like to get the capital to start their business so depending on how much you wanted to work, you could call it retirement/semi retirement 

    I for one would like 100k for sports investments and possibly 300/400K for business 

    house/apartment bought and paid off , owning additional property a bonus, but rental income can be hit or miss depending on the city and economic circumstances and of course covid an_burn_money

     
    StumpTownStu
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    Posted: Apr. 24, 2021 - 7:46 PM ET #11

    @TheGoldenGoose

     Nope. Me. Doja. Tox. Slobbasaurus are all around the same age.

    R.I.P. #94 MARSHAWN KNEELAND - DC4L
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    @TheGoldenGoose

     Nope. Me. Doja. Tox. Slobbasaurus are all around the same age.

     
    Mark_The_Narc
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    Posted: Apr. 24, 2021 - 8:08 PM ET #12

    @TheGoldenGoose

     Piggybacking on that. Id say hes what you call an "Old Soul".

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    @TheGoldenGoose

     Piggybacking on that. Id say hes what you call an "Old Soul".

     
    TheGoldenGoose
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    Posted: Apr. 25, 2021 - 7:21 AM ET #13

    @666LES

    "Casinos/racetracks stop checking ID"... Got the same problem here with Mohegan Sun Casino.  They booted me 20 years ago.  But I still like to sneak in there sometimes for a steak, concert, or just to play baccarat for a quick "hit-em-and-run".  Couple weeks ago bought in at a $100 table with only $500.  Of course when they ask me for a players card I decline.  20 minutes later I'm up $450 and out the door I went.  What's wrong with a quick $450?  I fly under the radar.  No different than any other gambling.  Keep it small and don't get greedy.  It's actually easier with the covid because I wear a full bandana mask.  The only time they want me to lower the mask is at the cage.  That's when a beard companion comes into play.

    ~~~~~ZOSO~~~~~
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    @666LES

    "Casinos/racetracks stop checking ID"... Got the same problem here with Mohegan Sun Casino.  They booted me 20 years ago.  But I still like to sneak in there sometimes for a steak, concert, or just to play baccarat for a quick "hit-em-and-run".  Couple weeks ago bought in at a $100 table with only $500.  Of course when they ask me for a players card I decline.  20 minutes later I'm up $450 and out the door I went.  What's wrong with a quick $450?  I fly under the radar.  No different than any other gambling.  Keep it small and don't get greedy.  It's actually easier with the covid because I wear a full bandana mask.  The only time they want me to lower the mask is at the cage.  That's when a beard companion comes into play.

     
    TheGoldenGoose
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    Posted: Apr. 25, 2021 - 7:37 AM ET #14

    @Doja45

    @I-Got-5-On-It

    Real estate/Rental property is such a serious pain in the azz.  Even with a good management company you've still got their fee, taxes, getting and keeping good tenants and a host of other headaches.  At age 40 I could handle it but over age 60 now I want a much easier lifestyle. 

    ~~~~~ZOSO~~~~~
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    @Doja45

    @I-Got-5-On-It

    Real estate/Rental property is such a serious pain in the azz.  Even with a good management company you've still got their fee, taxes, getting and keeping good tenants and a host of other headaches.  At age 40 I could handle it but over age 60 now I want a much easier lifestyle. 

     
    TheGoldenGoose
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    Posted: Apr. 25, 2021 - 7:46 AM ET #15

    "Stu. Doja. Tox. Slobbasaurus are all around the same age"

    The only one of you four I've ever had a few extended conversations with is Slob and that's been a few years now.  I've got his number so I'm going to ring him up one of these days to see how he's doing with this covid BS.  Slob is a huge hockey fan.

    ~~~~~ZOSO~~~~~
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    "Stu. Doja. Tox. Slobbasaurus are all around the same age"

    The only one of you four I've ever had a few extended conversations with is Slob and that's been a few years now.  I've got his number so I'm going to ring him up one of these days to see how he's doing with this covid BS.  Slob is a huge hockey fan.

     
    TheGoldenGoose
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    Posted: Apr. 25, 2021 - 8:00 AM ET #16

    Quote Originally Posted by Mark_The_Narc:

    @TheGoldenGoose  Piggybacking on that. Id say hes what you call an "Old Soul".

    My mother-in-law, God Bless her Old Soul, used to scare the living s#it out of me with that stuff.  She did psychic readings, had all kinds of witchcraft paraphernalia, it was freaky.  Of course not saying Stu does these things but many psychics claim to be "Old Souls" and your remark reminded me of those experiences with her.

    One of my favorite Sopranos cuts was when Paulie Walnuts went to see the psychic.  LMAO!!!

    ~~~~~ZOSO~~~~~
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    Quote Originally Posted by Mark_The_Narc:

    @TheGoldenGoose  Piggybacking on that. Id say hes what you call an "Old Soul".

    My mother-in-law, God Bless her Old Soul, used to scare the living s#it out of me with that stuff.  She did psychic readings, had all kinds of witchcraft paraphernalia, it was freaky.  Of course not saying Stu does these things but many psychics claim to be "Old Souls" and your remark reminded me of those experiences with her.

    One of my favorite Sopranos cuts was when Paulie Walnuts went to see the psychic.  LMAO!!!

     
    gamer1234
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    Posted: Apr. 28, 2021 - 12:44 AM ET #17

    @TheGoldenGoose

     I am not sure if work is highly overrated! We need to work to earn money.

     

    Most of what you said are very true! 

     

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    @TheGoldenGoose

     I am not sure if work is highly overrated! We need to work to earn money.

     

    Most of what you said are very true! 

     

     
    StumpTownStu
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    Posted: Apr. 28, 2021 - 2:05 AM ET #18

    Quote Originally Posted by TheGoldenGoose:

    "Stu. Doja. Tox. Slobbasaurus are all around the same age" The only one of you four I've ever had a few extended conversations with is Slob and that's been a few years now.  I've got his number so I'm going to ring him up one of these days to see how he's doing with this covid BS.  Slob is a huge hockey fan.

    Post to let me know how he's doing. Slobs a good dude.

    R.I.P. #94 MARSHAWN KNEELAND - DC4L
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    Quote Originally Posted by TheGoldenGoose:

    "Stu. Doja. Tox. Slobbasaurus are all around the same age" The only one of you four I've ever had a few extended conversations with is Slob and that's been a few years now.  I've got his number so I'm going to ring him up one of these days to see how he's doing with this covid BS.  Slob is a huge hockey fan.

    Post to let me know how he's doing. Slobs a good dude.

     
    aaironworks
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    Posted: Apr. 28, 2021 - 8:29 AM ET #19

    I’ll be there 34 if that counts Stu LOL. Worth half the figures your worth though. an_arsed

    “It’s not a lie, if you believe it”
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    I’ll be there 34 if that counts Stu LOL. Worth half the figures your worth though. an_arsed

     
    Fuse
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    Posted: May. 1, 2021 - 10:15 AM ET #20

    bigsmileclover

    Learn, be content and stay disciplined.
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    bigsmileclover

     
    StumpTownStu
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    Posted: May. 14, 2021 - 12:19 PM ET #21

    Quote Originally Posted by aaironworks:

    I’ll be there 34 if that counts Stu LOL. Worth half the figures your worth though.

    Hey, i'm a Californian. A state built on a gold rush. More than that, i'm a student of history and a gambler. I recognized a modern day gold rush when I saw it unfolding. I took a gamble and won. Truth be told, most in the gold rush ended up penniless and the real winners, as far as transcendent wealth, were the merchants but hey, that's where the gambler comes in. I was early on the crypto train and it paid off. I also got in on Tesla early on. A local Toyota factory closed that employed a bunch people I know and Tesla moved in and put those people back to work. It's the only reason it was on my radar.

    I got in on Amazon somewhat early but not nearly as early as I should've. My wife, then girlfriend, introduced me to Amazon when they were still mostly just a used book seller. We buy a lot of books. Then all of a sudden they were selling other products, but more as a 3rd party platform like Ebay. Individuals selling to other individuals. Then one day this skin stuff she used to buy through Amazon from a 3rd party instead comes from an Amazon fulfillment center. I should've pulled the trigger in that very moment but I lagged. Little did I know but Lex Luthor Bezos was already on his march towards world domination way back then. He was an early adapter of data mining, cloud computing, ect. way back then and I believe already had his first government contracts.

    R.I.P. #94 MARSHAWN KNEELAND - DC4L
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    Quote Originally Posted by aaironworks:

    I’ll be there 34 if that counts Stu LOL. Worth half the figures your worth though.

    Hey, i'm a Californian. A state built on a gold rush. More than that, i'm a student of history and a gambler. I recognized a modern day gold rush when I saw it unfolding. I took a gamble and won. Truth be told, most in the gold rush ended up penniless and the real winners, as far as transcendent wealth, were the merchants but hey, that's where the gambler comes in. I was early on the crypto train and it paid off. I also got in on Tesla early on. A local Toyota factory closed that employed a bunch people I know and Tesla moved in and put those people back to work. It's the only reason it was on my radar.

    I got in on Amazon somewhat early but not nearly as early as I should've. My wife, then girlfriend, introduced me to Amazon when they were still mostly just a used book seller. We buy a lot of books. Then all of a sudden they were selling other products, but more as a 3rd party platform like Ebay. Individuals selling to other individuals. Then one day this skin stuff she used to buy through Amazon from a 3rd party instead comes from an Amazon fulfillment center. I should've pulled the trigger in that very moment but I lagged. Little did I know but Lex Luthor Bezos was already on his march towards world domination way back then. He was an early adapter of data mining, cloud computing, ect. way back then and I believe already had his first government contracts.

     
    StumpTownStu
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    Posted: May. 14, 2021 - 12:26 PM ET #22

    Corection: Amazon didn't get their first government contract until 2014. Pretty sure that's bullshit but I have no evidence to refute it.

    R.I.P. #94 MARSHAWN KNEELAND - DC4L
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    Corection: Amazon didn't get their first government contract until 2014. Pretty sure that's bullshit but I have no evidence to refute it.

     
    joe pockets
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    Posted: May. 19, 2021 - 4:44 PM ET #23

    3 million !an_cheers

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    3 million !an_cheers

     
    TheSquare
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    Posted: May. 23, 2021 - 2:38 PM ET #24

    @zebrakiller

     Hah... new_laugh_cry

    You still believe in that fake dream? The degenerate craps player's wet dream of a monster roll and no 7's ever show up? new_laugh_cry Ask yourself these really simple questions and answer them honestly:

    How long have you been playing craps? (For you from your vids that you posted on here, probably 30+ years)

    How much money have you lost by playing craps? (Obviously, you're not a winner due to the footage of your videos of you living in some sort of dungeon and your "systems" OBVIOUSLY don't work fingershake)

    Besides the money lost, how much time have you lost? (Leaning against the table, with the last $80 bucks, betting the table MINIMUM saying "You need this number bad" only to 7 out. You would have made MORE money had you traded those hours at a MINIMUM WAGE JOB) an_lightsurprised

    Zebra, you'll never learn. You're the player at the table that is telling other people how to bet and the rare time when it hits, it's the "I told you so" fingershake comment and when it doesn't work as you suggested, you look away and don't say nothin..

    If it were only that easy. "Just winning $200 a day.." new_laugh_cry Come on in Zebra, the casino is open 24 hours a day, 7 days a week for people who like you.. welcome The seat is cleaned, pulled out and drinks are ready for you. an_cheers

    $200 a day..................................... confused

    an_roll_laugh

    Just be thankful that we all live in developed counties (I assume that most of us are) and that we have the bare minimum. A job, roof, access to health care, war free living conditions, a car, etc.....

    Even with the bare minimum stated above, we're still better off than 2/3rds of the world's population... an_light Heck, even the homeless in developed countries are in better off conditions than in some 3rd world countries.. surprised

    To answer the original question, I myself, would probably need around $750,000 USD or a mill. The majority of it would go into dividend stocks and I would live frugally and off the land (most likely in a trailer). A property some what close to the ocean/large body of water so I can farm and fish. As long as I had access to civilization, internet, electricity and water, I'd would be content..an_boggienight

    cloverpeace

    "Schrödinger's bet." A bet that loses when you bet it but wins when you DON'T bet it...
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    @zebrakiller

     Hah... new_laugh_cry

    You still believe in that fake dream? The degenerate craps player's wet dream of a monster roll and no 7's ever show up? new_laugh_cry Ask yourself these really simple questions and answer them honestly:

    How long have you been playing craps? (For you from your vids that you posted on here, probably 30+ years)

    How much money have you lost by playing craps? (Obviously, you're not a winner due to the footage of your videos of you living in some sort of dungeon and your "systems" OBVIOUSLY don't work fingershake)

    Besides the money lost, how much time have you lost? (Leaning against the table, with the last $80 bucks, betting the table MINIMUM saying "You need this number bad" only to 7 out. You would have made MORE money had you traded those hours at a MINIMUM WAGE JOB) an_lightsurprised

    Zebra, you'll never learn. You're the player at the table that is telling other people how to bet and the rare time when it hits, it's the "I told you so" fingershake comment and when it doesn't work as you suggested, you look away and don't say nothin..

    If it were only that easy. "Just winning $200 a day.." new_laugh_cry Come on in Zebra, the casino is open 24 hours a day, 7 days a week for people who like you.. welcome The seat is cleaned, pulled out and drinks are ready for you. an_cheers

    $200 a day..................................... confused

    an_roll_laugh

    Just be thankful that we all live in developed counties (I assume that most of us are) and that we have the bare minimum. A job, roof, access to health care, war free living conditions, a car, etc.....

    Even with the bare minimum stated above, we're still better off than 2/3rds of the world's population... an_light Heck, even the homeless in developed countries are in better off conditions than in some 3rd world countries.. surprised

    To answer the original question, I myself, would probably need around $750,000 USD or a mill. The majority of it would go into dividend stocks and I would live frugally and off the land (most likely in a trailer). A property some what close to the ocean/large body of water so I can farm and fish. As long as I had access to civilization, internet, electricity and water, I'd would be content..an_boggienight

    cloverpeace

     
     
    TheSquare
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    Posted: May. 23, 2021 - 3:03 PM ET #25

    StumpTownStu is truly one of the few individuals that have made it. It could be due to his work ethic, environment, personal attitude, family connections, overall luck in life, etc  

    BUT

    the majority of us will have to work until the age of 60+ to retire. Hey, just be thankful that we can actually retire. There are people out there who will have to work until they die. I would know cuz I've met them and have worked along side them. 

    As for being a little harsh on zebra, my story about that is that I used to play craps but I don't play no more. I had my awesome run (roughly 6 months) where I just couldn't lose and thought I was invincible but the statistics caught up and my results regressed back to the mean. I'm just glad that I stopped playing and realized that it's a waste of time trying to achieve the "wet dream" of only winning a set amount then repeating it day in an day out. Trust me, somewhere in the many casino trips, you'll lose discipline, bet larger, lose, then chase and most likely will be drunk when playing. I pissed back ALL of my winnings and of course, A LOT of my own hard earned cash that I had saved up over the years. an_burningbag

     

    As with anything in life, ANYTHING in excess gets boring after a while. A little bit of this and a little bit of that. Not too much in excess.. an_light

    I haven't been to ANY physical casino in 4+ years but I still bet sports on their apps.. bigsmile 

    Also, I went through that "poker phase" in my life. The "all I have to do is just win $200-400 a day by playing at the 1/2 no limit tables and just wait for premium hands" wet dream. new_laugh_cry Folks, it's A LOT harder than it is and if you think you can do it, by all means, go ahead and try. new_devil The casino is open 24 hours a day, 7 days a week.. welcome

    "Schrödinger's bet." A bet that loses when you bet it but wins when you DON'T bet it...
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    StumpTownStu is truly one of the few individuals that have made it. It could be due to his work ethic, environment, personal attitude, family connections, overall luck in life, etc  

    BUT

    the majority of us will have to work until the age of 60+ to retire. Hey, just be thankful that we can actually retire. There are people out there who will have to work until they die. I would know cuz I've met them and have worked along side them. 

    As for being a little harsh on zebra, my story about that is that I used to play craps but I don't play no more. I had my awesome run (roughly 6 months) where I just couldn't lose and thought I was invincible but the statistics caught up and my results regressed back to the mean. I'm just glad that I stopped playing and realized that it's a waste of time trying to achieve the "wet dream" of only winning a set amount then repeating it day in an day out. Trust me, somewhere in the many casino trips, you'll lose discipline, bet larger, lose, then chase and most likely will be drunk when playing. I pissed back ALL of my winnings and of course, A LOT of my own hard earned cash that I had saved up over the years. an_burningbag

     

    As with anything in life, ANYTHING in excess gets boring after a while. A little bit of this and a little bit of that. Not too much in excess.. an_light

    I haven't been to ANY physical casino in 4+ years but I still bet sports on their apps.. bigsmile 

    Also, I went through that "poker phase" in my life. The "all I have to do is just win $200-400 a day by playing at the 1/2 no limit tables and just wait for premium hands" wet dream. new_laugh_cry Folks, it's A LOT harder than it is and if you think you can do it, by all means, go ahead and try. new_devil The casino is open 24 hours a day, 7 days a week.. welcome

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