Why I quit a $500K job at Amazon to work for myself

Re:Why I quit a $500K job at Amazon to work for myself by smileysteve on Monday February 11, 2019 @02:57PM (#19137696)

~$100k/year if returns are based on 10%. Aka, what some people use for expected S&P returns to beat

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Re:Why I quit a $500K job at Amazon to work for myself by DVassallo on Monday February 11, 2019 @03:08PM (#19137772)

I have 80%+ in short term US treasuries and CDs (the rest in some stocks that I've held for a long time). I have no interest in the upside of the stock market right now. I'm already doing something speculative myself.

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Re:Why I quit a $500K job at Amazon to work for myself by hinkley on Monday February 11, 2019 @03:08PM (#19137773)

If you're working out a budget to allow you to quit your day job you'd better have all of the numbers in post-tax dollars or you're gonna have a bad time.

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Re:Why I quit a $500K job at Amazon to work for myself by smileysteve on Monday February 11, 2019 @05:48PM (#19139234)

We're taking about a pre-tax salary at 500k. Capital gains means no payroll taxes and discounted long term taxes too.

And 80k is still well over the average household income

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Re:Why I quit a $500K job at Amazon to work for myself by spyspy on Monday February 11, 2019 @03:08PM (#19137777)

That's mostly capital gains. He won't earn that in steady dividends to live off of.

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Re:Why I quit a $500K job at Amazon to work for myself by smileysteve on Monday February 11, 2019 @06:03PM (#19139374)

These are fungible. (We're already averaging out volatility)

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