I Have The World’s Best Job

My job never ends.  Literally.

I’m only making $3.92/hour, less than minimum wage.  There are no perks, no benefits, no pension.  I work 24 hours a day, 7 days a week.  I get no holidays or vacations off.  I’m literally doing my job in my sleep.

Hi, my name is BNL, and I’m an investor.

It’s not all bad, though.  For one, I can do just about anything I want while simultaneously doing my job.  I can eat, sleep, bike, run, or watch a movie while I work.  I also usually get small monthly raises , and my raises are generally well above the rate of inflation.

 

I have hundreds of thousands of people working for me internationally, and around the clock.   Fortunately, I don’t have to manage them directly.

 

The job security is pretty good too.  I wouldn’t say that I’m immune to demotions, but I am immune to layoffs.  Also, most of my income is taxed at a lower rate than normal working income – and a lot of my expenses can be written off as business expenses.

 

Although I only make $3.92/hour, that adds up to $94/day since I work 24 hours a day.  And since I work 365 days a year, my salary comes out to about $34,293.  It may not sound like much to some, but it pays the bills.

 

This job doesn’t require any formal education or certifications, although a commitment to continued education is a must. Fortunately, most information is available online or in library books.  In fact, I have no relevant degrees for my job.  My only real qualities for this job are my attraction to learning, and my desire to experiment.  I expect those to qualities to help me double my income over the next few years.

 

There is one catch though.  You have to buy this job.  The buy in isn’t cheap, but the more you’re willing to spend on the job, the higher the glass ceiling.  If you can save up for awhile, learn to live efficiently, and learn to value the important things in life, the job comes much easier.  You can also start with a shoestring budget, and keep buying more and more income as time goes on.

 

As I said, today I made $94.

Next month, I’m looking at a pretty big raise (which is why my passive income page is slightly out of date). As an investor, I’m always looking for new opportunities.  I’m currently closing on a rental house, and in the next month or two I should create a new rental income that results in about $30/day (after all expenses and vacancies considered).  At that point, my income should increase substantially to about $124/day.




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18 Responses to I Have The World’s Best Job

  1. Headed Home says:

    Nice post. Imaginative take on being an investor.
    Headed Home recently posted..Before & After – First HouseMy Profile

  2. Tikune says:

    I enjoyed this witty article of yours a lot. Now I’ve spent the last 45 minutes perusing other articles on your site. I’ve read them all, but they’re still encouraging to return to from time to time.

    Thanks for writing.

  3. Mikek says:

    Very cool way to put being an investor into perspective! I recently started added my ‘income’ from my tax advantaged accounts to my ‘normal’ income accounting from a job. It’s awesome seeing 10% of my income require no work at all on my part!

  4. truenorth99 says:

    This is an excellent post and a great perspective on the hard work that goes into achieving and maintaining financial independence. I am there now. Yes it is like a job but it’s a great job. Thank you!

  5. austinfly says:

    Great post. I get all of it, including the part about taxes, except for “a lot of my expenses can be written off as business expenses”. What types of expenses can really be written off and how do you do that? Are you incorporated somehow?

    I really enjoy your blog.

    • I do have a few LLC’s for various side businesses, but that’s actually not required to write off expenses.

      What I meant was that certain investments (hard money, rental property, ecommerce website I didn’t include here) are all businesses that allow for writing off certain expenses. The rental property is especially nice because I can deduct property depreciation. On top of that, there are things I wouldn’t have/need otherwise like my monthly cell phone bill, which can be deducted.

      Once I quit working full time, I also plan to turn my basement to an office, which means I can deduct a portion of my property taxes.

      • Matt says:

        If you turn the basement into an office on your Primary residence you get hit with Cap gains for the amount you claim as a home office EG if you expense 25% as home office when you sell and make 200K instead of that money being covered by your 250/500K single/joint limits you would have to pay up 50K as a Cap gain.
        Matt recently posted..The Haul for JanuaryMy Profile

  6. truenorth99 says:

    Hey don’t forget to consider unrealized gains from your portfolio as part of your “wages”. Yes, they will go up and down a lot and some years will be negative but over time your stocks and rental property should return healthy amounts in NAV. Using your analogy, this will more than double your “salary” as an investor. I like to think of this growth in asset base as a special kind of 401(k) retirement contribution above and beyond dividends and interest income I live off of since they grow tax free as long as I don’t make withdrawals.

    • Yep. I don’t account for the capital gains when it comes to “income,” but it’s definitely relevant in the bigger picture. Like you, I consider the capital gains as more of my retirement contribution.

      Additionally, since I occasionally rebalance my portfolio to improve dividend yields, I do occasionally cash out on those capital gains for higher yielding stocks, ultimately resulting in a higher annual income.

      For example, by somewhat following the Dogs of the Dow scheme, I entered the year owning some stocks like JPM. But since they were up quite a but in capital gains that exceeded their dividend yield, I switched out to other stocks. So I ended up with a decent capital gain, then reinvested in a higher yield for more immediate income.
      Brave New Life recently posted..I Have The World’s Best JobMy Profile

  7. Mike says:

    A really cool way to express the awesomeness of passive income. Now that I’m non-mortgage debt free, I’m plowing as much as I can into Lending Club so that I can feel some of that passive income love! Great post!
    Mike recently posted..The Pitfalls of Affiliate MarketingMy Profile

  8. It’s a great job to have. Mine doesn’t quite pay as well as yours yet, but in due time it will. I also like to think of the companies I invest in as my employees, except they give me raises.

  9. Matthias21b says:

    Hi Brave New Life,

    I was wondering if you would be willing to share the name of the private equity company you are investing with. It sounds like a great opportunity and I’d love the change to learn more about it!

    Thanks,
    Matt

  10. user199 says:

    have been reading your posts for last few days.
    i am working professional in thirties but have no experience in investments. have saved up around 50k but its all in saving and checking account.just the thought of investments– stocks and bonds makes me uneasy.but i got to start it sometime.
    can you give some investing basics of how i should go about investing this money.
    D

  11. nsarwark says:

    I did my own post along the same lines. Sadly, my job only pays $0.34 per hour at present, but I’m working to increase it.

  12. The power of passive income! Just imagine what you could do if your hourly rate went up to $10? I also love the concept of investing for recurring income and am currently working online and I’m generating $60 per day. All the money that I make is saved and then invested in a diversified portfolio. It’s really nice to know that you’re in control of your finances.
    Shobir @ Find Some Money recently posted..Charities That give Free Christmas Presents for Children of Low Income Families in 2013My Profile

  13. I believe that may be among the most vital facts for me personally. That i’m satisfied looking at your own content. Nonetheless desire to comments on some fundamental factors, It design will be great, your posts is basically great : Deb. Great work, regards

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