Join Early Retirement Today
Thread Tools Search this Thread Display Modes
extra job?
Old 03-06-2012, 09:48 AM   #1
Recycles dryer sheets
Join Date: Dec 2010
Posts: 409
extra job?

I've been weighing accepting a pt job that would take me about 9 hours weekly. It would pay 12-15K after taxes, about 1% of the nestegg. I plan to retire in 2013 or 2014. So is it worth it? I feel it is, spouse not so much.
palomalou is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-06-2012, 09:59 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
These things usually have a cost. What would the impact be on your life?
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply With Quote
Old 03-06-2012, 10:59 AM   #3
Recycles dryer sheets
Join Date: Jun 2007
Location: Oklahoma City
Posts: 292
Depending on your tax bracket that would equate to $30-$40 dollars an hour (9*52weeks = 468 hours a year)

$20k (b4 tax) divided by 468hrs = +$42/hr

That's a great parttime rate income in my book ---
USAF Veteran -- Retired Air National Guard -- OSW -- ONW -- OIF
militaryman is offline   Reply With Quote
Old 03-06-2012, 11:40 AM   #4
Full time employment: Posting here.
ronocnikral's Avatar
Join Date: Apr 2010
Posts: 853
I toy with the idea of finding more work. I always find cutting expenses is easier.
ronocnikral is offline   Reply With Quote
Old 03-06-2012, 12:41 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,580
Not quite enough information here.

Per se, I have no problem with part-time work. On my terms.
I have outlived most of the people I don't like and I am working on the rest.
Ed_The_Gypsy is offline   Reply With Quote
Old 03-06-2012, 01:23 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
Join Date: Jan 2008
Location: NC
Posts: 16,294
If it's work you'd enjoy doing, why not? If it's more for the money, you'll have to decide if the "sh*# to pay ratio" is acceptable, as a former boss used to phrase it...
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 40% equity funds / 35% bond funds / 25% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 03-06-2012, 03:53 PM   #7
Thinks s/he gets paid by the post
Finance Dave's Avatar
Join Date: Mar 2007
Posts: 1,318
You'll see in my avatar that I follow that principle. I essentially work two full time jobs at MegaCorp and one as a Landlord (I do most of the fix-up work at 5 pm I go to the rental and work until about 10 pm 3-4 nights a week). Yes, it means little time for fun, but it's very short term...I committed to get 3 rentals off the ground this one year. I'm 2/3 of the way there. After the third one is rented, it's time to FIRE.
"Live every day as if it were your last, and one day you'll be right" - unknown
Finance Dave is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Article - Retire but don't quit your job shotgunner FIRE and Money 48 03-06-2012 04:23 PM
An Industry's Value Per Ton Is A Major Determinant Of US Manufacturing Job Losses haha FIRE and Money 2 02-23-2012 06:18 PM
I'm not looking for a job, and now I'm pretty sure I never will Nords Life after FIRE 37 02-09-2012 08:27 AM
Job Opportunity... Go or Stay? HatePayingTaxes Other topics 22 01-17-2012 12:18 AM

» Quick Links

All times are GMT -6. The time now is 06:23 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.