Which job would you take?

[Red Stranger]

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.

 

[Godwynn]

1. I am a compulsive saver. Eventually the money I shove into investments and my savings accounts will beat out the extra $10,000/year I would get from the other job.

 

[Riffraff]

good question - at the moment I would probably go with option 1 as I'm not in need of much purchasing money at the moment. That might change though in a couple years though, so I would try saving up some money until then.

 

[Rossiya]

60 grand for me. no strings attached.

 

[JonnyB]

Option 1. I want to be able to have my money and not spend it.

 

[AL_DA_GREAT]

Investing would make me richer.

 

[Jawz II]

ill take the 70,000.

ill find a way to scam the company and stash some cash away.

 

[CaptainF]

Why would anyone take the 2nd job?

Once I earn my money, its MY money. No one can force me to spend it.

 

[classical_hero]

Investing would make me richer.

Exactly. With the extra 10 grand a year you could easily start a property trust or buy shares with that money and thus you are using that money wisely.

 

[amadeus]

Is the expense account taxed?

 

[Perfection]

What about real estate purchases?

 

[soul_warrior]

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.

 

[Sidhe]

60,000$ up front. Seems like a more common sense deal, with 70,000 dollars expenses you have no rainy day money set aside. Buying a house would be difficult too, as if I'm not mistaken your mortgage is judged on your net earnings.Other credit would be harder to come by too but then I'm not a big believer in spending beyond your means anyway.

 

[Bugfatty300]

10,000 dollars a year isn't a big difference with those high salaries so option 1 would be the obvious answer.

Although I have no doubt I could find stuff to spend 70,000 dollars in a year, sometimes cold hard cash is better and that is something you cannot get with a credit card.

 

[blackheart]

Option 1.

Option 2 is a lot like social welfare from a company.

 

[Eran of Arcadia]

I'll take both at once. That gives me $60,000 to save, and $70,000 to spend.

. . . wait, what?

 

[sysyphus]

Option 1 for one reason and one reason only: option two doesn't allow me to put money into my RRSP.

 

[GenMarshall]

60k with no strings. I personally want to keep hold of my money.

 

[Rossiya]

The real money is always best.

 

[Red Stranger]

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

Is the expense account taxed?

You can consider both amounts to be after tax.

What about real estate purchases?

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

The real money is always best.

Real money is still just paper right?