Friday, November 19, 2010

Question of the Week: Lifetime Allowance

Would you accept a guaranteed, lifetime allowance of $50,000 per year (adjusted annually for inflation) if accepting it meant that you could never again earn money from either work or investments?

Uh, shoot yeah I'd take it. To me, $50,000 a year is a lot of money. But this is the perspective of someone who isn't even able to pull in 20k before taxes. And the work thing? I don't think I'd miss it. But if I did, I think I'd get more satisfaction out of volunteering out of the kindness of my heart than being paid to be somewhere I really don't want to be.

*Question of the Week comes from The Book of Questions by Gregory Stock, Ph.D.

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