RIP Philo

The best job to have is the job that you don't need.

Is that true?
Permalink DrNo 
February 7th, 2018 10:58am
Permalink SaveTheHubble 
February 7th, 2018 11:05am

If you are unemployed, you smell like desperate loser, and employers will hold it against you.

If you already have a job, you're less likely to put up with abuse during an interview, which can make you a more attractive candidate.


Or do you mean when already employed?

If you are living paycheck-to-paycheck, you have to put up with whatever abuse or risk homelessness.

If you have savings, you can accept being fired, so there's a limit to what you'll put up with.
Permalink FSK 
February 7th, 2018 6:13pm
23 months of runway left for me. Want to start a job because I miss the routine.
Permalink Send private email xampl9 (Moto phone) 
February 7th, 2018 6:41pm
23 months isn't enough for total freedom.

As I get older, it's taking me 6-12+ months to find a job, so 23 months wouldn't be enough.

You really need to get to the point where you can live off your savings with a 3% drawdown rate (or less).  Then you can afford to quit any job.
Permalink FSK 
February 7th, 2018 9:07pm
If you achieved that, why would you show up for any interview at all? You are retired.
Permalink asssdddffgb 
February 7th, 2018 10:22pm
Permalink RPN 
February 8th, 2018 7:42am
At 3%, unless you have a multimillion $ portfolio, you'll be living very cheaply. Cat food might even be on the menu a few times a week.
Permalink RPN 
February 8th, 2018 7:43am
I'm thinking I can do better with less, making 7% or better on my real estate. Since I can receive the income without depleting the asset. Obviously, there is depreciation, but you don't hold long enough to have to plow more money into capex. You sell at an appreciated price, buy and leverage another property, and repeat.
Permalink RPN 
February 8th, 2018 7:44am
If 7% was available via real estate, why would anyone invest in anything else?
Permalink Plm 
February 8th, 2018 8:03am

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