Min wage in Australia is $17.70 an hour. Most waitstaff start around $21/hr. At a swanky place like this probably closer to $25/hr. Both you and 2pec must live by “act first, fix mess up later.”
She isn’t living off the principle. The general “rule” is you can live off 4% of your nest egg indefinitely: 4% to you, 3% loss to inflation, and average returns of 7%. So she can live off today’s equivalent of $90k/year from now until death. Sign me up.
Advertise
Min wage in Australia is $17.70 an hour. Most waitstaff start around $21/hr. At a swanky place like this probably closer to $25/hr. Both you and 2pec must live by “act first, fix mess up later.”
She isn’t living off the principle. The general “rule” is you can live off 4% of your nest egg indefinitely: 4% to you, 3% loss to inflation, and average returns of 7%. So she can live off today’s equivalent of $90k/year from now until death. Sign me up.
Before using the $.77 wage gap crutch, listen to leaders in the topic.
http://freakonomics.com/?s=Wage%20gap%20