Which job would you take?

[Rhymes]

Question to those who voted $60,000. What would you do with money if not spend it?

Invest it and make more money...... obviously! Small maths: A good investor can generate an average of 10% interests per year. lets say I need 40 000$ a year to cover my expenses, it means I can invest 20000$ a year.
Lets try it over 15 years:

Situation 1:
- 40000 * 15 for expense = 600000$
- 20000 per year for 15 years with 10 % compound interest = 635450$

Grand total : 1235450$

Situation 2:
70000$ * 15 years = 1050000$

So after 15 years, I'm about 200000$ richer if I take the 60K job.

 

[Perfection]

As long as it's not an investment property. Meaning you can't collect rent.

Can I still use it to build equity?

 

[Elrohir]

I'd rather have cash up front than just having some company pay my bills. I'd like to invest money to make more, and save my money. You'd never get ahead just having enough to pay your bills, but never saving or investing.

 

[Shylock]

This sounds very disgusting. It is a way of creating a permanent underclass while the already rich can stay rich.

I recall Red Stranger is from a wealthy family.

Everything is starting to come together on where this came out of.

 

[RedWolf]

i would take the 60K/year job.

you only need 30K or so to live, do that for a few years, save up and invest.

You'd think so... but your lifestyle always expands to suck up the amount of money you earn... Like a computer hard drive.

 

[Jawz II]

i cant belive how many people are going for the 60 when they can get 70!

do you realize all you have to do to scam the company out of the extra money is to either make friends with someone who has a store, or if you already have one, to convince him/her to charge your card for all kinds of fictional stuff and then reimburse you for them (minus a small fee for him).

 

[RedWolf]

i cant belive how many people are going for the 60 when they can get 70!

do you realize all you have to do to scam the company out of the extra money is to either make friends with someone who has a store, or if you already have one, to convince him/her to charge your card for all kinds of fictional stuff and then reimburse you for them (minus a small fee for him).

Ok.. but not erverybody wants to pull some kind of scam... for $10,000 extra.
If you lose you're job you're then making $0 per year.

 

[IglooDame]

I'd take the 70, but only because I could easily use all 70 against budgeted spending and use my wife's income as the investment source.

 

[Red Stranger]

This sounds very disgusting. It is a way of creating a permanent underclass while the already rich can stay rich.

I recall Red Stranger is from a wealthy family.

Everything is starting to come together on where this came out of.

Creating a permanent underclass? Do you even think about what you're saying? You said, I'm rich, and yet someone who is making twice the amount I make is part of a permanent underclass. Ha.

 

[Shaihulud]

Option 2, does anyone who selects that not have a good way of channeling that into cash ?

 

[nihilistic]

The $70,000. First of all this has some obvious tax advantages. Second, I can probably find some way to arbitrage it off into real money on an near one to one basis anyway. I can just "handle" the monthly bills for my family and my friends and have them reimburse me with checks or cash. Simple enough?

 

[Dann]

Option 2. You have no idea how many ways there exists to ultimately divert all that money into my personal savings. And it's all legit too (sort of). Not really scamming the company.

 

[Narz]

I would take the $70K and spend it on a plot of land and the expense of fixing it up. An extra $10K is no joke, I could do alot with that money! Forgot saving, the dollar is gonna take a big hit and the world economy in general will be in major trouble as oil and coal peak. Fortune favors the bold! Show me the money!

 

[Whomp]

I want to be the company giving the $70k.

 

[silver 2039]

I would definatley take 1. Saving is good (for me not the economy hahha paradox of thrift). I am not complusive spender, I'm very thigh fisted with my money. So option 1.

 

[CIVPhilzilla]

$60,000 a year.

 

[GinandTonic]

1

Like they say, cash is king.

Can I still use it to build equity?

Although if I can use it to pay my mortgage then 2 in an instant. Just take a very short term mortgage, 10 or 15 years and effectively get the extra 10k gratis, if not liquid.

 

[Ball Lightning]

$60,000/year

 

[Cuivienen]

Creating a permanent underclass? Do you even think about what you're saying? You said, I'm rich, and yet someone who is making twice the amount I make is part of a permanent underclass. Ha.

You live with your parents. What you make is irrelevant.

Ditto to IglooDude. If I had a husband whose income could be invested, I'd take the $70k for immediate expenses. Otherwise, the $60k is worth more in the long run through proper investment strategies.

 

[Dann]

Don't you people realize that option number two is essentially $70,000 in cash as well? And that you now have an extra $10,000 to invest?

All because of this blatant loophole in Red Stranger's OP:

1. You get paid $60,000/ year.

2. The company give you a credit card, with a limit of $70,000/year. The company will essentially cover all of your expense up to $70,000/year. But if you don't use all the money, the company will keep the rest. You can use the money on ANYTHING except for savings account or similar ventures, where you can use the money at a later time. If you make a purchase and return the product, the money will go back to the credit card.

So that means the company will not question any of your purchases. Fine. The day I receive my card I pay the entire $70,000 to a company which serves as my "lifestyle provider" and then I give the receipts to my employer. On the surface said company will be responsible for paying my rent, all my bills and take care of all my meals and other needs. Sure it's overpriced but that is no one's business but my own. My employers cannot question this. What my employers don't know is that the paid company is actually my own (registered using a dummy of course), and that the remainder of the $70,000 gets shifted around some other bank accounts and ultimately back into my own. I can now invest this money as I see fit, and the company has no right to question this as since I received it from someplace else, it is no longer their money.