Would you welcome a definite, lifetime salary of $47,000 per year (revised yearly for inflation) if?

Question

accepting it meant that you could never again bring home money from either employment or investments?

Answer 1

That's about $24.50 an hour [based on an average 40 hr work week]. Considering I've worked in some pretty decent jobs, and never made above $18/hr... and had to bust my butt to make that money [140+ hour work weeks, burnout anyone???]. Where I live right now, the odds of finding a job that pays better than $10/hr is considered highly unlikely. For someone in my position, that is more than adequate to support a modest family.

If it's revised for inflation... and not knowing more of the situation, most people would be foolish to deny that. That's around $4000 a month, say after taxes... that's going to be roughly $750 a week? The only stipulating factor that would cause me to hestitate, would be what 'other' strings are attached?

A guaranteed income these days is non-existent. Beggers can't be choosers... and well, I have a family to support, and that would easily support us. The largest complaint I have with struggling with work is not having enough time to spend with my loved ones. Being an aspiring writer, such a venture would prove doubly beneficial, and I wouldn't have to worry about making money from selling books. ;) I would definitely consider this, based on the basic information presented. Time is something I do not have enough of.

Peace...

Answer 2

It would be lots of fun to be on permanent vacation. I made about that much my first year out of law school, and it was decent. I always had enough to meet my bills and had plenty left over.

I think I'd pass, however. I'm making more than double that at my current job, and although $47K is good enough for me, I come from a family where nobody has any money. I don't think that's enough to help everybody out, and I would not be able to give to some of the charitable causes I would like to support.

Also, unless I was doing something to earn the $47K, I would not feel the same self-respect. Still, when I'm in a time crunch, there are moments when your idea sounds attractive.

Answer 3

I have read that you like to do up your hair, put on the makeup, wear leather, and ride motorcycles. SO... I want to know what it is you want me to do for the money before I will sign any contracts. However I am very interested, but given the only details I know so far, I think I would need some kind of health insurance and retirement plan. I'm sure at my age I couldn't keep up with the demands of the job forever.

Answer 4

Easy. It'll have to be used. But the smaller it is and the higher the miles, the less you'll have to pay. And of course you pay more for options, so you can look for a stripped down version. Don't worry about repair costs. There ain't a car out there that doesn't cost big bills for repairs. It may be true that BMW's can be more pricy to repair, but I don't think it's that big a difference.

Answer 5

If I was older than 80 I would, otherwise ABSOULUTELY NOT! You will personally waste away not having any motivation. Your creativity and resolve to flourish will dimise. If you are able to work, keep at it. Rely upon God not the government!

Answer 6

Multiply 47K by 5 = @ $235,000 per year then I will consider your pitch.

I don't care to struggle, I want to enjoy my wages and time here.

Answer 7

I wouldn't take any position (or gov. program) that limits me in any way financial or otherwise.

Answer 8

47K annual on welfare? hummmm. What state are you from? I'm thinking about it.

Answer 9

Probably not.

Answer 10

It's a deal .. please send me the first years cheque at once ...