1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Quit Your Job Money

Discussion in 'Misc. Vegas Chat' started by zamboni, Nov 3, 2012.

Thread Status:
Not open for further replies.
  1. zamboni

    zamboni VIP Whale

    Joined:
    Mar 31, 2012
    Messages:
    1,993
    Location:
    Minnesota
    Trips to Las Vegas:
    8
    What would it take, total wise after taxes, that you would quit your job after a big casino or lottery win?

    $5 Mill is my number. Up to that- alot of vacations, but keep job.
     
  2. sco5123

    sco5123 VIP Whale

    Joined:
    Jul 29, 2011
    Messages:
    2,698
    Trips to Las Vegas:
    11
    well do not have a full blown career yet while in school so 100k is more than enough to my grad assistantship lol.
     
  3. Buddha

    Buddha VIP Whale

    Joined:
    Apr 3, 2012
    Messages:
    1,469
    Location:
    Chicago 'burbs
    Trips to Las Vegas:
    60
    Well ... I hit my personal type of "lottery", when I took early retirement several years back, with a 40K annual pension. My house was already paid off, no car payments, two kids through college with no debts, and a healthy amount of savings and investments (we have always been savers, not spenders). Now, we just enjoy ourselves on easy street ....
     
  4. The Equalizer

    The Equalizer Low-Roller

    Joined:
    Jan 23, 2010
    Messages:
    357
    Location:
    Denver
    Trips to Las Vegas:
    37
    2 million after taxes 5 to 10 % a year on that is 100-200k with cost of health care would keep me roughly where I am financially on the high end and a little under on the low end but comfortable and able to enjoy life either way
     
  5. searchin

    searchin Low-Roller

    Joined:
    Nov 27, 2011
    Messages:
    115
    Trips to Las Vegas:
    4
    Dont have a job right now but $120,000 would keep me from getting one. Based on yrs to retirement and yearly cost of living.
     
  6. mdee

    mdee VIP Whale

    Joined:
    Feb 22, 2010
    Messages:
    1,369
    Location:
    Orlando
    Trips to Las Vegas:
    28
    Annual Expenses X Life Expectancy
    + Estate Planning / Death Taxes
     
  7. pompous

    pompous Low-Roller

    Joined:
    May 8, 2012
    Messages:
    103
    Location:
    FL
    Trips to Las Vegas:
    5
    This exactly
     
  8. Royal Flusher

    Royal Flusher Savvy Gambler

    Joined:
    Feb 18, 2008
    Messages:
    5,500
    Location:
    Flusherville, Canada
    Trips to Las Vegas:
    57
    Gas money and a case of beer.

    Okay, probably 2M.
     
  9. leo21

    leo21 VIP Whale

    Joined:
    Jan 9, 2010
    Messages:
    4,706
    Location:
    Chicago South Suburbs
    Trips to Las Vegas:
    14
    This is an interesting question. For me, there is quit my job money and that is probably 3M after taxes. Then there is quit THIS job money and that is probably as low as 750k. I like what I do now but I wouldn't mind for something with fewer hours that will still keep me insured. Or I would take advantage to go back to school. I don't know how all the folks who had to get retraining after the crash are pulling of going to back to school but God Bless for it.
     
  10. LV_Bound

    LV_Bound VIP Whale

    Joined:
    Nov 17, 2010
    Messages:
    4,894
    Location:
    Florida
    Trips to Las Vegas:
    18
    These are all net....
    $100 Million and no question.
    $2 Million probably so.
    $1.5 Million probably where the line is drawn.
    $1 Million and me or the wife could retire but not both. Probably me since I would be the one winning it. :peace:
     
  11. vegasqc

    vegasqc VIP Whale

    Joined:
    Nov 9, 2010
    Messages:
    1,852
    Trips to Las Vegas:
    6
    500 K in my pocket would be enough for me
     
  12. Bubbavegas

    Bubbavegas VIP Whale

    Joined:
    Feb 11, 2011
    Messages:
    1,446
    Location:
    Oklahoma
    Trips to Las Vegas:
    21
    Honestly just a half mill, I would probably then only do my dog training business and guiding hunts. No way I could completely quit work of some kind, it's too ingrained in me.
     
    Cosmo Christmas
  13. LolaDoggie

    LolaDoggie VIP Whale

    Joined:
    Jul 6, 2009
    Messages:
    2,377
    Trips to Las Vegas:
    6
    I think a million or a million five would do the trick. If it was well and safely invested and we kept our current standard of living with maybe some more travel and vacations. We'd have to be fairly frugal but it would work.
     
  14. Bo333

    Bo333 VIP Whale

    Joined:
    Aug 20, 2010
    Messages:
    1,576
    Location:
    Austin, TX
    Trips to Las Vegas:
    62
    I guess I have relatively high expenses.
    Given a moderate ROI, I would currently need 6.4Mil.
     
  15. golfnut

    golfnut Low-Roller

    Joined:
    Sep 7, 2011
    Messages:
    482
    Location:
    South Dakota
    Trips to Las Vegas:
    10
    I'm at 8 million to never have to work Agian.
     
  16. BTSyndrome

    BTSyndrome Low-Roller

    Joined:
    Oct 1, 2012
    Messages:
    125
    Trips to Las Vegas:
    3
    I just need my wife to make more money, so I don't have to work.:evillaugh
     
  17. Tbone3336

    Tbone3336 VIP Whale

    Joined:
    Sep 1, 2010
    Messages:
    1,442
    Location:
    New Jersey
    Trips to Las Vegas:
    21
    $3,250,000.00 would let me use fixed income interest each year with a minimum draw down and leave enough after basic living expenses and fully funded retirement to have lots of fun for the years I am able to travel / Explore.

    What a fun question sitting here figuring that out and imagining the possibilities. Would have to have the wife hit a jackpot on the slots, or it would be one hell of a heater on craps to win that :)
     
  18. saeldway

    saeldway Low-Roller

    Joined:
    May 21, 2010
    Messages:
    387
    Trips to Las Vegas:
    100
    I'm 32, so I have hopefully another 50 in me. That's a lot of economic booms and busts, hyperinflation, etc.

    Also, when answering this question, it's a lot easier to get by on $100,000 a year in Texas and Nebraska than it is in Manhattan or Los Angeles.

    So, for me, living in SoCal with 50 years ahead of me?

    $25,000,000.

    Trust me, I could make due with much less, but the premise is quit your job and never work again. 25 today makes me secure enough for 50 years worth of this gamble we call life. Plus, hopefully this outpaces my wife's ability to spend money faster than I earn it.
     
  19. leo21

    leo21 VIP Whale

    Joined:
    Jan 9, 2010
    Messages:
    4,706
    Location:
    Chicago South Suburbs
    Trips to Las Vegas:
    14
    I would rather move than keep working to meet a high standard of living if it meant I could quit working. I would move anyway just to get away from moochers who would expect me to support them even though they've never done crap for me.
     
  20. wroberson

    wroberson Tourist

    Joined:
    Jul 13, 2011
    Messages:
    339
    Location:
    My mom's basement
    Trips to Las Vegas:
    10
    I deliver pizza. Well, Chicken and Waffles right now 3 days a week.

    $20,000.00 in pocket and I'm done. Maybe as low as $15,000.

    I'm pretty confident I could take 50-100 bucks out of a casino 6 out of 7 days a week. It only takes 5 buck in gas to get to the nearest casino, and 50 bucks a day adds up fast. The drawback is I have to play "other" games and not blackjack. All small limit games are machine shuffled.

    In Vegas it's a bit more difficult. 50 to 100 daily doesn't net a profit when you spend 400-500 for a 3-4 day trip. It would be good if you lived in town, but traveling costs add up. Even with a part comp of 140 for a week, you got 230 for air and another 200 for the rental car. That's nearly 600 right there increase the win to 150-250 per day.

    $20,000 and I'm done. I think I would try to cram the three work days back to back before quitting. That would give me 4 days per week to travel. Right now, Wed, Sat and Sun, gives me two sets of 2 days where I could take off.
     
Thread Status:
Not open for further replies.