Working for big corporations really sucks! You do some menial job and get paid crap money and you have to work 10 hrs a day. The only escape route for me is retirement which I am planning to take in 5 yrs time. The whole system is fucked up!
The managers themselves are pissed off at work because the culture of the place is shitty, where you have shitty staff who doesn’t give a shit, and then the managers started to become shitty themselves and when new staff come in, they get the shits and they get shitty too. When this shitty culture exist at a company, it’ll be impossible to change.
Big companies are shitty to work at. Does anyone else hate their job?
I’m actually Pinnacle of Reason, for those who have forgotten me. I’ve just landed in a shitty job in an investment bank which is not as glorious as I previously thought. and now i’m stuck.
I’m 23 at the momemt and I plan to retire at 28 AT THE LATEST!!! how??
I will have 75k by the end of the year, from savings and salary. now if I invest that which I already do in the stock market, I can make 15% return a year. so in 5 years time, that’ll worth 150k. also I would have worked 4 more years, saving 130k and if you take into account investment return then i’ll have at least 200k from the 130k.
so that’s roughly 350k in 5 years time i’ll have. if i assume the dividend yield is 7% ignoring capital appreciation, I’ll get 25k a year roughly in income alone… so i can retire
25k a year is about 2k a month. I’d say if rent at an apartment is 800, then electricity and water and internet are another 300, then your car payment (or upkeep), and insurance, and groceries, and gas to drive the car is probably about a hundred a week. Then I’m sure there are all sorts of incidental expenses that you could expect to incur on a regular basis…so…yeah.
I just don’t see how you could have a life worth living for 25k a year.
you are a kindred spirit! I didn’t want to retire until i found my job, you have get away from it, everything about the job is fake, fake feelings, fake… there is nothing genine about the job and it is boring and long hours and stressful. my manager is so cranky and angry all the time because of the nature of the work. with the money I have, I can retire confomfortably, and i’m not even talking about capital gains in the years to come. i figured if i worked for 10 years, then it won’t make any sense for me to work any longer because my salary would be only 2% of my investment income. at tthat time, making the right investment decision would be my goal.
thank you for your support!!!
times is indeed more valuable because you are always running out but with money, you can always make more.
Phaedrus
Ah, my good man, you are still here. Nice to see you again! I’m definately an escapist now days, after going into the real world and seeing what sort of shitty state things have deteriorated into. I have to leave or else i’ll go insane.
but i’ll always drop by at ILP. very nice to see you again, you bring back the old PoR back to life, ah, all those memories.
ScottMears
I could have a fantastic life with 25k a year, you’d be amazed how much you can save if you do not have any expensive habits like I do. Read on the ancient Greeks, they say much about frugality.
All I know is that when I retire I want to have more than a McDonald’s part time assistant manager makes to live off of. If 25k works for you, then more power to you. I just don’t see how you could life off that without some kind of other support.
but in the long run, you are ingnoring capital appreciation.
see money in stock market work this way, you get
1.dividend - which i live on
2. capital appreciation - which i don’t touch
so in 5 years, my original 350k which I didn’t touch would by capital appreciation become 700k. and doubled my dividend income to 50k, and in another 5 years, that 700k would double to 1.4 million.
so you see, by not working for 10 years simply by capital appreciation i would become a millionare at 33 yrs.
Everyone mellow out and take a sabbatical and be one with the nature and the peaceful things in life. Life is too short to be something you don’t
want too be.
your lucky that you dont live in southern california. You would never make it on 2000 a month. no way…its not possible unless you live at home with your parents. My brothers rent for a 2 bedroom apartment in a decent neiborhood is 1600 a month…and after 3 months its 1800. gas alone is 3.40 a gallon. You do the math. THe cheapest rent your going to find if you dont want to live in the ghetto and have your car busted into every night your going to spend 1000 bucks a month. gas is 80 bucks a week. so thats 240. You havent eaten, drank, or had any fun. You would burn through your money before you could save it. So dont come here!
