Re:Goldman’s Blankfein on Skipping School Work, Wishing to B...
by TimPC on Sunday June 14, 2015 @01:00PM
(#9715547)
I'll disagree strongly here if the $80K and $4K are after tax. $40K in savings with an average life is highly preferable to $3K in savings with an average life. Yes there are smaller impacts to immediate choices, but I'd bet on the $40K to have a higher impact in the future. PPP is very sensitive to things like rapid economic growth, changes in immigration, changes in popularity of location, etc. You could very quickly find $3k/year of savings obliterated if that $1K goes to $4K. It's a lot harder for a $40K cost of living to go to $60K or $80K.
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Re:Goldman’s Blankfein on Skipping School Work, Wishing to B...
by ucaetano on Sunday June 14, 2015 @01:14PM
(#9715603)
Make the 80k and 4k after tax :)
"$40K in savings with an average life is highly preferable to $3K in savings with an average life."
Your comparison is meaningless, unless they are in the same country with the same cost of living.
"You could very quickly find $3k/year of savings obliterated if that $1K goes to $4K. It's a lot harder for a $40K cost of living to go to $60K or $80K."
Again, meaningless, unless they are in the same country with the same cost of living.
That's what PPP is for.