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For escorts when do you call it quits?

Jose305

By Jose305
in Questions About Hiring

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nycman Grand Master

+ nycman

Posted
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When you've finished Law School, all your school loans are paid off, all your bills are paid, and your "regular" job is paying you enough to cover your monthly expenses and your savings for the future.....then it's time to stop.....but only if you want to....

 

Truth.

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Mydavid Proficient

Mydavid

Posted
Posted
When you've finished Law School, all your school loans are paid off, all your bills are paid, and your "regular" job is paying you enough to cover your monthly expenses and your savings for the future.....then it's time to stop.....but only if you want to....

 

Truth.

 

That's a good ending that I hope happens to all escorts.

 

I wouldn't like to see someone has to stop because they cannot work any more but still haven't well prepared for the future.

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g56whiz Grand Master

+ g56whiz

Posted
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There's an elegant formula for determining how much you'll need to retire: a million more than you have today.

 

Kevin Slater

 

I set a goal of being a millionaire by age 35. And on my 35th birthday I was only $1,015,339 shy of my goal. Alas.

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Bargara Leatherboy Mentor

Bargara Leatherboy

Posted
Posted
There's an elegant formula for determining how much you'll need to retire: a million more than you have today.

 

Kevin Slater

 

Thats about right - there is a more precise forumla which says you need 13 x your annual income in retirment - so if you goal annual income is $100 000 your will need $1.3 million invested to keep you at that level.

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Mydavid Proficient

Mydavid

Posted
Posted
Thats about right - there is a more precise forumla which says you need 13 x your annual income in retirment - so if you goal annual income is $100 000 your will need $1.3 million invested to keep you at that level.

Really?

Have nothing to do with age?

If you have 13 x your annual income at 40 years old, could you retire then?

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MikeyGMin Experienced

MikeyGMin

Posted
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I'd increase the ratio. 4% of $1.3MM is only $52K.

What is the 4%? Is that the assumed rate of income the principal will generate or is that amount commonly used to factor income and draw down of the principal?

 

I have no beneficiaries. I don't want to leave any money on the table when I kick the bucket. :)

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