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1.5 million net worth, $144k per yr passive income. CAN I QUIT?

1 child and a wife. We r thinking abt quitting and traveling...
..,.,.,.,,,....,.,......,,,.,,,,......  05/04/13
where does the 144k in passive income come from?
hank_scorpio  05/04/13
...
..,.,.,.,,,....,.,......,,,.,,,,......  05/04/13
doesn't sound too reliable, should probably not quit
hank_scorpio  05/04/13
...
..,.,.,.,,,....,.,......,,,.,,,,......  05/04/13
that's getting close, but with kids that won't cut it
hank_scorpio  05/04/13
wtf is this faggotry. he can easily live on $60-70k per yea...
.,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,.  05/04/13
college is expensive man
hank_scorpio  05/04/13
For the kids.
<( ' ' <)~~  05/04/13
1 kid And we'll b back in 2 yrs. I'll be generating incom...
..,.,.,.,,,....,.,......,,,.,,,,......  05/04/13
in that case I guess you could, but why not just grind it ou...
hank_scorpio  05/04/13
Eh, I'm in generally good health but worry abt having a sudd...
..,.,.,.,,,....,.,......,,,.,,,,......  05/04/13
how passive? like you don't do anything? that is amazing.
Dog Flu  05/04/13
Do it. You have more than enough. Don't be a pussy
.,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,.  05/04/13
considering that some people do this on $15,000 net worth an...
,.,..,.,..,.,.,.,..,.,..,..,..,.,,..,.,,.  05/04/13
Lol no
;;;;;;...;;;;;..;;  05/04/13
...
,.,...,..,.,.,:,.:,.,.,:;,.....,:,.;,:.:.,:.::,.  05/04/13
The issue isn't money. You can't drag a kid around the world...
.,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.  05/04/13
yeah, imagine how scarred he'd be by not sitting in a classr...
guy whose views come from a position of privilege  05/04/13
Sounds like the kid's too young to be in a classroom. Eithe...
.,.,,..,.,,.,.,:,,:,...,:::,...,:,.,.:...:.,:.::,.  05/04/13
depends on the type of travel. If they're doing typical Euro...
guy whose views come from a position of privilege  05/04/13
yeah it's more about the social element in my mind. but what...
abcxyzabc  05/04/13
This
longwangpoontang  05/07/13
wait a second here - you are willing to sell the passive inc...
Al-Refunk Bin-Liqma'ass U-Libs  05/04/13
3x cash flow is normal for bars I believe
Memph Bleek  05/07/13
explain how you get 144k yearly from 1.5m
.,.,.,,,.,,.,.,.,.,..,.,..,.,.,..,.,..,.,.,.,.,.,  05/04/13
Read the thread ape
.,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,.  05/04/13
it got edited out faggot
,.,..,.,..,.,.,.,..,.,..,..,..,.,..,..,.,.,  05/04/13
lube your asshole faggot
.,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,.  05/05/13
shut the fuck up. nigger.
$$$$  05/05/13
What are you going to do about health insurance?
ptbarnum  05/05/13
I dunno. Get an independent blue cross plan?
..,.,.,.,,,....,.,......,,,.,,,,......  05/05/13
I just took a long trip with my toddler. It was awful. Can...
ptbarnum  05/05/13
6mo in each destination. 4 total. We're not talking abt freq...
..,.,.,.,,,....,.,......,,,.,,,,......  05/05/13
Hey man are you and your hedge fund wife retired yet?
.,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,.  05/05/13
my wife is stay at home. i still work but need to transition...
ptbarnum  05/05/13
how old are you? still biglaw?
.,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,.  05/05/13
30, inhouse
ptbarnum  05/05/13
how did you find your inhouse job?
.,.,.,,.,.,.,,..,..,,,...,.,.,.,,.,.,.,.  05/05/13
friend of a friend/luck.
ptbarnum  05/05/13
You can probably safely take out about $60k a year from the ...
;;;;;;...;;;;;..;;  05/07/13


Poast new message in this thread



Reply

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)



Reply

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)



Reply

Date: May 4th, 2013 11:15 AM
Author: ..,.,.,.,,,....,.,......,,,.,,,,......



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132261)



Reply

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)



Reply

Date: May 4th, 2013 11:19 AM
Author: ..,.,.,.,,,....,.,......,,,.,,,,......



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132272)



Reply

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)



Reply

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)



Reply

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)



Reply

Date: May 4th, 2013 6:26 PM
Author: <( ' ' <)~~

For the kids.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134391)



Reply

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

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132284)



Reply

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)



Reply

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)



Reply

Date: May 4th, 2013 6:40 PM
Author: Dog Flu

how passive? like you don't do anything? that is amazing.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134468)



Reply

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)



Reply

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)



Reply

Date: May 4th, 2013 11:33 AM
Author: ;;;;;;...;;;;;..;;

Lol no

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132321)



Reply

Date: May 4th, 2013 1:16 PM
Author: ,.,...,..,.,.,:,.:,.,.,:;,.....,:,.;,:.:.,:.::,.



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132890)



Reply

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)



Reply

Date: May 4th, 2013 1:16 PM
Author: guy whose views come from a position of privilege

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)



Reply

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.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132911)



Reply

Date: May 4th, 2013 1:23 PM
Author: guy whose views come from a position of privilege

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)



Reply

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)



Reply

Date: May 7th, 2013 11:48 AM
Author: longwangpoontang

This

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23150479)



Reply

Date: May 4th, 2013 6:23 PM
Author: Al-Refunk Bin-Liqma'ass U-Libs ( )

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)



Reply

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)



Reply

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)



Reply

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)



Reply

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)



Reply

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)



Reply

Date: May 5th, 2013 7:51 PM
Author: $$$$

shut the fuck up. nigger.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140331)



Reply

Date: May 5th, 2013 8:00 PM
Author: ptbarnum

What are you going to do about health insurance?



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140367)



Reply

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)



Reply

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.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140400)



Reply

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)



Reply

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)



Reply

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)



Reply

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)



Reply

Date: May 5th, 2013 8:57 PM
Author: ptbarnum

30, inhouse

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140740)



Reply

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)



Reply

Date: May 5th, 2013 9:01 PM
Author: ptbarnum

friend of a friend/luck.



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140774)



Reply

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)