How does ~50%+ to tithing and taxes right off the bat effect that though?

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Jun 16, 2021
2:11:04pm

BYUFootballisBack All-American

How does ~50%+ to tithing and taxes right off the bat effect that though?

This message has been modified

Originally posted on Jun 16, 2021 at 2:11:04pm

Message modified by BYUFootballisBack on Jun 16, 2021 at 2:11:31pm

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BYUFootballisBack

Previous username: oddsewer
Bio page: BYUFootballisBack
Joined: Apr 29, 2007
Last login: May 3, 2024
Total posts: 14,011 (722 FO)

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Messages

Author

Time

Stop and take in the amazing financial advice from “Side Hustle King”

cheezedawg medium

6/16/21 10:08am

Has to be a joke right?

RalphWiggam

6/16/21 10:12am

Nope.

No touching

6/16/21 10:14am

He claims further down it was a typo. But then he never clarifies how much he

BYUHawk

6/16/21 10:14am

It would have to be $5000 a month I guess, cause $500 wouldn't be enough

BYUFootballisBack

6/16/21 10:26am

And I wonder if he even considered NPV

Nat Gas Man

6/16/21 11:00am

Based on the tweet I'm not sure he knows what that is.

TailgateU

6/17/21 8:13am

I’m, I wouldn’t take that bet and I have several sources of passive income

Nat Gas Man

6/16/21 10:15am

RE: Stop and take in the amazing financial advice from “Side Hustle

ReyOso

6/16/21 10:16am

Starts making sense at about $5,000 a month

Heath Squashwell

6/16/21 10:22am

But, that is only 6% return. I'll take the $1MM

hitechcpa

6/16/21 10:32am

But but its passive income, stop thinking small, big picture!

BYUFootballisBack

6/16/21 10:36am

Risk-free 6% worth your consideration

Heath Squashwell

6/16/21 11:14am

But you’re also down the $1 million in principle. Lump sum is principle PLUS interest going forward.

mvtoro

6/16/21 2:07pm

How does ~50%+ to tithing and taxes right off the bat effect that though?

BYUFootballisBack

6/16/21 2:11pm

Well I can assume top bracket 37% for the $1million. But taxes and tithing will apply to your $5000 too. What is your

mvtoro

6/16/21 2:42pm

If I have $5000/month for the rest of my life guaranteed, I'm retiring no other

BYUFootballisBack

6/16/21 2:50pm

You have no other investments? Yeah, you probably shouldn’t start trying to invest now. If you think you could do

mvtoro

6/16/21 2:56pm

I just meant I wouldn't have a job with income, my other investments wouldn't

BYUFootballisBack

6/16/21 3:27pm

And I dont know how old you are, but with potential inflation, $50,000/year is not going to cut it in the future even if

mvtoro

6/16/21 3:02pm

Tithing yes, but I'll hide from tax

hitechcpa

6/16/21 6:14pm

I mean, a “side hustle”, by definition, isn’t passive income. So I guess we shouldn’t expect side hustle king to know

mvtoro

6/16/21 12:40pm

I love the math geniuses who double down on his typo.

Sandstone Cougar

6/17/21 12:10pm

Second guy was 100% trolling, he's pretty successful startup founder/investor

BYUFootballisBack

6/17/21 12:26pm

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