if you were given 4 M US tax free today...
 

would you retire (at least temporarily)?

I would retire for good.. I'd be out..

Four million? I don't think I would retire right away. I don't think I am quite ready to do nothing yet... Give it a few years, and I might change my mind. It would sure make life easier, but I would still try to keep up my studies and even run my sites. I like to learn, and the creativity means a lot to me.

if you retire you go from being a SOMEBODY in your business to SUDDENLY being a nobody.

reduce the amount of work you do - NEVER retire.

so obviously being SOMEONE in this business, is an important motivator for you.

there is more to life (in my opinion) than 'work'.

no.

id build a recording studio and hang out there all the time.

have a control room set up for webmaster shit, and live out my life doing what i like.

hanging out in recording studios, making noise and cashing checks.

Maybe I should test my theory, though, come to think of it.

I would buy this and cruise around for a while :glugglug

Hell no.

Four million would be some great investment money. Real-estate, restaurants, etc...

No. I think I'd keep posting about it all the time on message boards.

i should have said, retire from this industry.

hell if you have that sort of money there is never retirement, simply due to the mandatory investments you must continually be making and keeping track of.

in that case.

yes.

id be gone.

im only doing this to fuel my projects elsewhere anyway.

:winkwink:

I wouldn't.
I would become bored really fast. I know it. Already I don't have to 'worry' about money really.. and I enjoy what I do. So if I'd get that amount of money the biz could become less serious for me.
Just like playing 'SimInternetPorn' by Sid Meiers.

I don't think I retire before I turn 40, no matter what happens. I'm a workaholic.

absolutly - no dispute there at all, on both statements. one isn't in conflict with the other. If you love what you do you never work a day in your life though..... I felt much like you do about the financial business - just wanted enough money to get out. In this business I don't fell like I've worked a day since I started, and I'm in front of the computer all day and night.... I LOVE what I do now.


I'm thinking that maybe you're in a mental/moral conflict with your career somehow?

Hell yeah I would be done.

being a rich nobody is all i have ever wanted to be...

give me fortune over fame anyday

I would go snowboard.

I'd do a job I really want to do and not worry about money ever :)

Hi Quiet,

I did the semi retire bit before I moved to Florida. Started playing golf everyday. Shopping like crazy. Bought a huge mansion. The cars, trips, etc.

I got so bored not doing business every day I couldn't stand it and hanging around with all these other guys that had nothing to do but count their money every day. And I quickly realized having to figure out what to do with all the free time was not making me happy at all.

Luckily the big quake came in Jan '94 and totally fucked up my world. The house got wrecked, we were just miles from the epicenter in the hills overlooking the valley. Some other business stuff I had went south. And I actually said thank you lord for having a lot of investments fucked up so I had the challenge again to start some new businesses to get back the money I had lost.

So no after my first retirement I said fuck this, I'm going to work everyday until my last breath. And its been great ever since, cause now I know the leisure life is not for me. I'm a workaholic and that's how I like it.

Once you win at the game of business, you realize its not the win that is the joy, its the anticpation from playing the game every day, and seeing if you will win lose or draw. That's the HIGH!

I would just be getting started....:winkwink:

I'd keep working but only do the projects I want to do but dont have the cash for now.

Well then, yeh, probably from this industry.

But I could never full out retire and do nothing all day. I like waking up knowing there's something I need to accomplish for the day.

4M wouldn't guarantee 'not worrying about money ever again'.
4M can be spent quite fucking fast I'd imagine.

Nice boat.. I'd be all over that.. I'd like to learn how to sail and cross an ocean someday. I think it would be a blast.

I'd donate it to charity.

bullshit.

4M is a lot of money.. One could easily live out their life never working again. It's all about the lifestyle they'd be able to support with 4M.

Quiet doesn't seem like the type to blow through 4 million.

I could be wrong though...he just doesn't strike me like that. A few toys, yea. A few trips, yea. 12 houses, 18 cars, and all sorts of shit to blow through that kind of money in a hurry...no.

My life is pretty choice now..........
I would keep doing what I am doing for the fun and exitement of it all............

The only thing I would do is buy into the company a little more....sort of paying back to my partner all that he has given to me and my family.

Of course there would be more toys and vacations.......and


PEACE OF MIND

:thumbsup

1. I would invest 1 million on a apartment complex in a good area.

2. I would buy 3 Mcdonald franchises.

3. Use the rest of the money to travel and experience life.

You can hire Managers to handle both jobs and youre 4 million would make you a multi millionare in about 5 years and you would have a NASTY ASS SOLID income coming in for the rest of your dam life.

I would continue working but invest the money,use the dividends to manage my own Animal Rescue ... ok, Jimmy3way, come bash me for THAT!

heh

Lawrence from OfficeSpace would do two chicks at once.

:glugglug I got it

i love how you can start a thread sometimes, and it take on a life of it's own :)

this is always something i think about, especially when i see many of the posts on gfy. people with massive homes, pools, cars.

it would make most people laugh how much i spend a month, it's pretty minimal.

anyway, i was just curious how much is enough for someone to leave a industry they may (or may not) enjoy, to pursue other interests. before this, i was planning on university, then teaching/research for the rest of my life. how things change lol

in the financial business 5-7 years ago I found that the high end clients I dealt with didn't really start to FEEL rich till they had about 10 million US - in today's dollars that would be closer to about 15 million US in reasonabily liquid assets.

at about the 4 million mark most felt they were just getting going..........

that's not an insult quiet, but some insite from someone who dealt with many people in that income range from a variety of occupations/careers/businesses. There's a million ways to make a million bucks in a million different industries. The one thing I found across the board was that most were more intertested in the power (defined in many ways of course) than the cash in what they did though.....being someone meant more than being rich.


I'm thinking you're idea of being 'someone' is being retired and being able to tell people that. You're 'STASTIS SYMBOL" so to say. The problem is most people socialize up - so you might end up hanging with more successful retired people and feel the need to go back to work to get some more money to measure up.

The thing about being someone not that there's people beneth you, that's part of it, but that's there's also people ABOVE you that you can use as a motivator to become more than what you are today.

ok, enough philisophy for today.

I'd be so happy not being f*cked and bouncing 7 checks that I'd probably cry.

your finger is on the pulse, no doubt.

That's what I'm working for, island hopping :glugglug

4 million of course is already multi-millions. He hehe.


Anyway, no question about it, I would retire immediately. But by retire I mean do "soul-work" not "money work"... in other words, travel, perform music, take up more art, spend a lot more family time, work out incessantly, or just meditate on a beach somewhere, and let my money manage itself just ahead of inflation to keep me at that level of carefree wealth but no more.

Or, hand over the daily operations of your entire business to a trusted partner, give them 75%, and have your 25% wired into accounts all over the world so you don't have to schweat it.


:2 cents:

But before you go, PLEASE tell me exactly what to do so that I have your problem. then hold my hand and help me do it. Come on quiet... PLEASE. :winkwink:

Didn't you hear? Mcdonalds closed 300+ outlets recently.