Conversation

I like my job, the pay is really good. But in exchange for this high pay is the constant low-level pressure of being the only person responsible for all of the decisions, for having no strategic help, for really high variance in income, for it being generally high risk.

132

Peasant-Elect, Pay Tree Arch

@paytreearch

Jul 21, 2020

Replying to

@Aella_Girl

Invest the money in things that return more reliable dividends. Stock market averages around 8% and other investments like real estate are comparable. With your income you could have enough passive income to cover groceries and health insurance in just a few years. #DIYUBI

Replying to

and

Yep! Steady investment every month + extra if you do really well. So your spending money is relatively consistent. At first your investments may help to buffer any gaps in income. Later they become your income.

Replying to

and

Right. I am trying to have a plan (right now it's 7 years till retirement) but it's just so, so variable. That plan depends on a certain level of income which I'm not sure I can maintain. My income historically has fluctuated WILDLY, by like an order of magnitude.

7:04 AM · Jul 21, 2020

Replying to

and

I’ve had some of that. Earning a lot more than I expected made it go a lot faster since I already had a good plan. Then it gave me a way to handle bigger changes even without reaching full “retirement” level.