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1.5 million net worth, $144k per yr passive income. CAN I QUIT?
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Date: May 4th, 2013 11:13 AM Author: ..,.,.,.,,,....,.,... 1 child and a wife. We r thinking abt quitting and traveling the world for 1-2 yrs. any reason not to? Our financials are pretty good. Only downside is potentially throwing away a legal career (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132255) |
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Date: May 4th, 2013 11:15 AM Author: hank_scorpio where does the 144k in passive income come from? (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132257) |
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Date: May 4th, 2013 11:15 AM Author: ..,.,.,.,,,....,.,... (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132261) |
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Date: May 4th, 2013 11:16 AM Author: hank_scorpio doesn't sound too reliable, should probably not quit (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132262) |
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Date: May 4th, 2013 11:19 AM Author: ..,.,.,.,,,....,.,... (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132272) |
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Date: May 4th, 2013 11:21 AM Author: hank_scorpio that's getting close, but with kids that won't cut it (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132275) |
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Date: May 4th, 2013 11:22 AM Author: .,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,. wtf is this faggotry. he can easily live on $60-70k per year in passive income (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132282) |
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Date: May 4th, 2013 11:24 AM Author: hank_scorpio college is expensive man (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132290) |
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Date: May 4th, 2013 6:26 PM Author: ~~(>' ' )> For the kids. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134391) |
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Date: May 4th, 2013 11:23 AM Author: ..,.,.,.,,,....,.,... 1 kid
And we'll b back in 2 yrs. I'll be generating income again then |
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Date: May 4th, 2013 11:24 AM Author: hank_scorpio in that case I guess you could, but why not just grind it out for 4 or 5 more years and try to hit 3-4 mil then be done for good? (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132288) |
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Date: May 4th, 2013 11:30 AM Author: ..,.,.,.,,,....,.,... Eh, I'm in generally good health but worry abt having a sudden heart attack and not being able to enjoy life. And won't this b harder when kid is in elementary school age? (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132308) |
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Date: May 4th, 2013 6:40 PM Author: Alpha Dog how passive? like you don't do anything? that is amazing. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134468) |
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Date: May 4th, 2013 11:21 AM Author: .,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,. Do it. You have more than enough. Don't be a pussy (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132274) |
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Date: May 4th, 2013 11:26 AM Author: ,.,..,.,..,.,.,.,..,.,..,..,..,.,,..,.,,. considering that some people do this on $15,000 net worth and $144/year passive income, i would say you're just trying to use this thread to brag. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132296) |
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Date: May 4th, 2013 11:33 AM Author: ;;;;;;...;;;;;..;; Lol no (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132321) |
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Date: May 4th, 2013 1:16 PM Author: ,.,.,.,.,.,.,.,.,.,...,.,,.., (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132890) |
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Date: May 4th, 2013 1:12 PM Author: .,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,. The issue isn't money. You can't drag a kid around the world. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132876) |
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Date: May 4th, 2013 1:16 PM Author: ...........,...,....,.,. yeah, imagine how scarred he'd be by not sitting in a classroom for 40 hours a week to learn shit that any reasonably competent tutor could teach him in two hours. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132891) |
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Date: May 4th, 2013 1:19 PM Author: .,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,. Sounds like the kid's too young to be in a classroom. Either way, it'll suck more for the parents than for the kid. |
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Date: May 4th, 2013 1:23 PM Author: ...........,...,....,.,. depends on the type of travel. If they're doing typical Euro tourism going from hotel to hotel 3-4x a week, yeah, it'd suck with a toddler. But they'd probably stay a few weeks or months at a time if they're gonna do it for 2 years. That wouldn't be a problem. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132932) |
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Date: May 4th, 2013 7:37 PM Author: abcxyzabc yeah it's more about the social element in my mind. but whatever, if it screws your kid up for life he/she can use it for sob-story admissions essay in 15 years. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134820) |
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Date: May 7th, 2013 11:48 AM Author: longwangpoontang This (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23150479) |
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Date: May 4th, 2013 6:23 PM Author: Refunkulus ( ) wait a second here - you are willing to sell the passive income producing assets for 3x cash flow? (300~k or so?) dude hire someone to manage them - that's an incredibly low valuation - of course its probably some complex internet shit that I don't understand though/ (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134366) |
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Date: May 7th, 2013 12:01 PM Author: Memph Bleek 3x cash flow is normal for bars I believe (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23150553) |
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Date: May 4th, 2013 6:29 PM Author: ,,.,.,...,,,.,.,.,...,,,.,., explain how you get 144k yearly from 1.5m (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134406) |
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Date: May 4th, 2013 6:47 PM Author: .,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,. Read the thread ape (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134502) |
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Date: May 4th, 2013 6:48 PM Author: ,.,..,.,..,.,.,.,..,.,..,..,..,.,..,..,.,., it got edited out faggot (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134505) |
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Date: May 5th, 2013 7:47 PM Author: .,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,. lube your asshole faggot (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140317) |
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Date: May 5th, 2013 7:51 PM Author: brian shut the fuck up. nigger. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140331) |
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Date: May 5th, 2013 8:00 PM Author: ptbarnum What are you going to do about health insurance?
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Date: May 5th, 2013 8:02 PM Author: ..,.,.,.,,,....,.,... I dunno. Get an independent blue cross plan? (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140379) |
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Date: May 5th, 2013 8:07 PM Author: ptbarnum I just took a long trip with my toddler. It was awful. Can you drop off your kid with your parents or your inlaws instead.
I'd rather have a job than have to travel with a kid. |
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Date: May 5th, 2013 8:11 PM Author: ..,.,.,.,,,....,.,... 6mo in each destination. 4 total. We're not talking abt frequent travel here. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140419) |
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Date: May 5th, 2013 8:19 PM Author: .,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,. Hey man are you and your hedge fund wife retired yet? (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140479) |
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Date: May 5th, 2013 8:49 PM Author: ptbarnum my wife is stay at home. i still work but need to transition to some sinecure or part time/seasonal gig. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140686) |
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Date: May 5th, 2013 8:54 PM Author: .,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,. how old are you? still biglaw? (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140718) |
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Date: May 5th, 2013 8:57 PM Author: ptbarnum 30, inhouse (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140740) |
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Date: May 5th, 2013 9:00 PM Author: .,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,. how did you find your inhouse job? (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140759) |
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Date: May 5th, 2013 9:01 PM Author: ptbarnum friend of a friend/luck.
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Date: May 7th, 2013 12:03 PM Author: ;;;;;;...;;;;;..;; You can probably safely take out about $60k a year from the 1.5M indefinitely, even without any other sources of income. (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23150560) |
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Date: November 11th, 2016 5:12 PM Author: pepito (http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#31883684) |