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1.5 million net worth, $144k per yr passive income. CAN I QUIT?

1 child and a wife. We r thinking abt quitting and traveling...
Canary community account public bath
  05/04/13
where does the 144k in passive income come from?
learning disabled candlestick maker
  05/04/13
...
Canary community account public bath
  05/04/13
doesn't sound too reliable, should probably not quit
learning disabled candlestick maker
  05/04/13
...
Canary community account public bath
  05/04/13
that's getting close, but with kids that won't cut it
learning disabled candlestick maker
  05/04/13
wtf is this faggotry. he can easily live on $60-70k per yea...
Anal razzmatazz elastic band trust fund
  05/04/13
college is expensive man
learning disabled candlestick maker
  05/04/13
For the kids.
aggressive self-absorbed dopamine tanning salon
  05/04/13
1 kid And we'll b back in 2 yrs. I'll be generating incom...
Canary community account public bath
  05/04/13
in that case I guess you could, but why not just grind it ou...
learning disabled candlestick maker
  05/04/13
Eh, I'm in generally good health but worry abt having a sudd...
Canary community account public bath
  05/04/13
how passive? like you don't do anything? that is amazing.
duck-like fantasy-prone feces
  05/04/13
Do it. You have more than enough. Don't be a pussy
Anal razzmatazz elastic band trust fund
  05/04/13
considering that some people do this on $15,000 net worth an...
fragrant keepsake machete
  05/04/13
Lol no
slate school
  05/04/13
...
azure institution
  05/04/13
The issue isn't money. You can't drag a kid around the world...
Soul-stirring Set Boistinker
  05/04/13
yeah, imagine how scarred he'd be by not sitting in a classr...
domesticated deranged hall windowlicker
  05/04/13
Sounds like the kid's too young to be in a classroom. Eithe...
Soul-stirring Set Boistinker
  05/04/13
depends on the type of travel. If they're doing typical Euro...
domesticated deranged hall windowlicker
  05/04/13
yeah it's more about the social element in my mind. but what...
Supple market international law enforcement agency
  05/04/13
This
cream abode
  05/07/13
wait a second here - you are willing to sell the passive inc...
charismatic idiot
  05/04/13
3x cash flow is normal for bars I believe
Vigorous forum newt
  05/07/13
explain how you get 144k yearly from 1.5m
Cordovan Nibblets Property
  05/04/13
Read the thread ape
Anal razzmatazz elastic band trust fund
  05/04/13
it got edited out faggot
Shaky house-broken clown juggernaut
  05/04/13
lube your asshole faggot
Anal razzmatazz elastic band trust fund
  05/05/13
shut the fuck up. nigger.
Appetizing Aqua Persian Friendly Grandma
  05/05/13
What are you going to do about health insurance?
brindle crawly marketing idea
  05/05/13
I dunno. Get an independent blue cross plan?
Canary community account public bath
  05/05/13
I just took a long trip with my toddler. It was awful. Can...
brindle crawly marketing idea
  05/05/13
6mo in each destination. 4 total. We're not talking abt freq...
Canary community account public bath
  05/05/13
Hey man are you and your hedge fund wife retired yet?
Anal razzmatazz elastic band trust fund
  05/05/13
my wife is stay at home. i still work but need to transition...
brindle crawly marketing idea
  05/05/13
how old are you? still biglaw?
Anal razzmatazz elastic band trust fund
  05/05/13
30, inhouse
brindle crawly marketing idea
  05/05/13
how did you find your inhouse job?
Anal razzmatazz elastic band trust fund
  05/05/13
friend of a friend/luck.
brindle crawly marketing idea
  05/05/13
You can probably safely take out about $60k a year from the ...
slate school
  05/07/13
...
sick gaping
  11/11/16


Poast new message in this thread



Reply Favorite

Date: May 4th, 2013 11:13 AM
Author: Canary community account public bath

1 child and a wife. We r thinking abt quitting and traveling the world for 1-2 yrs. any reason not to? Our financials are pretty good. Only downside is potentially throwing away a legal career

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132255)



Reply Favorite

Date: May 4th, 2013 11:15 AM
Author: learning disabled candlestick maker

where does the 144k in passive income come from?

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132257)



Reply Favorite

Date: May 4th, 2013 11:15 AM
Author: Canary community account public bath



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132261)



Reply Favorite

Date: May 4th, 2013 11:16 AM
Author: learning disabled candlestick maker

doesn't sound too reliable, should probably not quit

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132262)



Reply Favorite

Date: May 4th, 2013 11:19 AM
Author: Canary community account public bath



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132272)



Reply Favorite

Date: May 4th, 2013 11:21 AM
Author: learning disabled candlestick maker

that's getting close, but with kids that won't cut it

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132275)



Reply Favorite

Date: May 4th, 2013 11:22 AM
Author: Anal razzmatazz elastic band trust fund

wtf is this faggotry. he can easily live on $60-70k per year in passive income

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132282)



Reply Favorite

Date: May 4th, 2013 11:24 AM
Author: learning disabled candlestick maker

college is expensive man

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132290)



Reply Favorite

Date: May 4th, 2013 6:26 PM
Author: aggressive self-absorbed dopamine tanning salon

For the kids.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134391)



Reply Favorite

Date: May 4th, 2013 11:23 AM
Author: Canary community account public bath

1 kid

And we'll b back in 2 yrs. I'll be generating income again then

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132284)



Reply Favorite

Date: May 4th, 2013 11:24 AM
Author: learning disabled candlestick maker

in that case I guess you could, but why not just grind it out for 4 or 5 more years and try to hit 3-4 mil then be done for good?

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132288)



Reply Favorite

Date: May 4th, 2013 11:30 AM
Author: Canary community account public bath

Eh, I'm in generally good health but worry abt having a sudden heart attack and not being able to enjoy life. And won't this b harder when kid is in elementary school age?

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132308)



Reply Favorite

Date: May 4th, 2013 6:40 PM
Author: duck-like fantasy-prone feces

how passive? like you don't do anything? that is amazing.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134468)



Reply Favorite

Date: May 4th, 2013 11:21 AM
Author: Anal razzmatazz elastic band trust fund

Do it. You have more than enough. Don't be a pussy

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132274)



Reply Favorite

Date: May 4th, 2013 11:26 AM
Author: fragrant keepsake machete

considering that some people do this on $15,000 net worth and $144/year passive income, i would say you're just trying to use this thread to brag.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132296)



Reply Favorite

Date: May 4th, 2013 11:33 AM
Author: slate school

Lol no

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132321)



Reply Favorite

Date: May 4th, 2013 1:16 PM
Author: azure institution



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132890)



Reply Favorite

Date: May 4th, 2013 1:12 PM
Author: Soul-stirring Set Boistinker

The issue isn't money. You can't drag a kid around the world.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132876)



Reply Favorite

Date: May 4th, 2013 1:16 PM
Author: domesticated deranged hall windowlicker

yeah, imagine how scarred he'd be by not sitting in a classroom for 40 hours a week to learn shit that any reasonably competent tutor could teach him in two hours.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132891)



Reply Favorite

Date: May 4th, 2013 1:19 PM
Author: Soul-stirring Set Boistinker

Sounds like the kid's too young to be in a classroom.

Either way, it'll suck more for the parents than for the kid.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132911)



Reply Favorite

Date: May 4th, 2013 1:23 PM
Author: domesticated deranged hall windowlicker

depends on the type of travel. If they're doing typical Euro tourism going from hotel to hotel 3-4x a week, yeah, it'd suck with a toddler. But they'd probably stay a few weeks or months at a time if they're gonna do it for 2 years. That wouldn't be a problem.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23132932)



Reply Favorite

Date: May 4th, 2013 7:37 PM
Author: Supple market international law enforcement agency

yeah it's more about the social element in my mind. but whatever, if it screws your kid up for life he/she can use it for sob-story admissions essay in 15 years.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134820)



Reply Favorite

Date: May 7th, 2013 11:48 AM
Author: cream abode

This

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23150479)



Reply Favorite

Date: May 4th, 2013 6:23 PM
Author: charismatic idiot

wait a second here - you are willing to sell the passive income producing assets for 3x cash flow? (300~k or so?) dude hire someone to manage them - that's an incredibly low valuation - of course its probably some complex internet shit that I don't understand though/

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134366)



Reply Favorite

Date: May 7th, 2013 12:01 PM
Author: Vigorous forum newt

3x cash flow is normal for bars I believe

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23150553)



Reply Favorite

Date: May 4th, 2013 6:29 PM
Author: Cordovan Nibblets Property

explain how you get 144k yearly from 1.5m

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134406)



Reply Favorite

Date: May 4th, 2013 6:47 PM
Author: Anal razzmatazz elastic band trust fund

Read the thread ape

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134502)



Reply Favorite

Date: May 4th, 2013 6:48 PM
Author: Shaky house-broken clown juggernaut

it got edited out faggot

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23134505)



Reply Favorite

Date: May 5th, 2013 7:47 PM
Author: Anal razzmatazz elastic band trust fund

lube your asshole faggot

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140317)



Reply Favorite

Date: May 5th, 2013 7:51 PM
Author: Appetizing Aqua Persian Friendly Grandma

shut the fuck up. nigger.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140331)



Reply Favorite

Date: May 5th, 2013 8:00 PM
Author: brindle crawly marketing idea

What are you going to do about health insurance?



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140367)



Reply Favorite

Date: May 5th, 2013 8:02 PM
Author: Canary community account public bath

I dunno. Get an independent blue cross plan?

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140379)



Reply Favorite

Date: May 5th, 2013 8:07 PM
Author: brindle crawly marketing idea

I just took a long trip with my toddler. It was awful. Can you drop off your kid with your parents or your inlaws instead.

I'd rather have a job than have to travel with a kid.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140400)



Reply Favorite

Date: May 5th, 2013 8:11 PM
Author: Canary community account public bath

6mo in each destination. 4 total. We're not talking abt frequent travel here.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140419)



Reply Favorite

Date: May 5th, 2013 8:19 PM
Author: Anal razzmatazz elastic band trust fund

Hey man are you and your hedge fund wife retired yet?

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140479)



Reply Favorite

Date: May 5th, 2013 8:49 PM
Author: brindle crawly marketing idea

my wife is stay at home. i still work but need to transition to some sinecure or part time/seasonal gig.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140686)



Reply Favorite

Date: May 5th, 2013 8:54 PM
Author: Anal razzmatazz elastic band trust fund

how old are you? still biglaw?

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140718)



Reply Favorite

Date: May 5th, 2013 8:57 PM
Author: brindle crawly marketing idea

30, inhouse

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140740)



Reply Favorite

Date: May 5th, 2013 9:00 PM
Author: Anal razzmatazz elastic band trust fund

how did you find your inhouse job?

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140759)



Reply Favorite

Date: May 5th, 2013 9:01 PM
Author: brindle crawly marketing idea

friend of a friend/luck.



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23140774)



Reply Favorite

Date: May 7th, 2013 12:03 PM
Author: slate school

You can probably safely take out about $60k a year from the 1.5M indefinitely, even without any other sources of income.

(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#23150560)



Reply Favorite

Date: November 11th, 2016 5:12 PM
Author: sick gaping



(http://www.autoadmit.com/thread.php?thread_id=2247023&forum_id=2#31883684)