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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (12738)	3/24/2000 9:20:00 AM
From: Justa Werkenstiff	Respond to of 15132

MGJ: " At critical mass, you don't have to worry about pay raises, the nonsense you hear from others, and you don't have to worry about placating others because they have leverage over you. Is the boss giving you pressure about an assignment?" You are correct. You don't have to worry about what others think at CM. I have found at CM that one's biggest enemy come from within in altering a lifetime of thinking patterns, habits and values.

To: MrGreenJeans who wrote (12738)	3/24/2000 10:11:00 AM
From: Kirk ©	Read Replies (2) \| Respond to of 15132

My critical mass number was determined by doing the following calculations snip In some sense your critical mass number is a psychological number. BINGO! My belief is the true critical mass is about 10 lbs, grey and located between my ears. 8) With the high valuations today and if we get a real(TM) bear with severe deflation, we might be lucky to get 4% on fixed money, not 6% which throws quite the monkey wrench on CM calculations. Your $2M quickly goes to $3M. One way around that is to work, but do what you want and work part time more for enjoyment rather than the size of a pay check. I have chosen this approach and find the hardest part is resisting all the great offers to return to my first profession or put in more hours in the new one. If you can contract (charge by the hr), then just raise rates to get fewer hours and the same total pay. (or buy a bunch of company stock when it is between $0.875 and $2 and start taking profits, in the IRA, when it is above $9 as I did today... remaining shares just hit $10 - eeeehh haw! and to think this was only $4 on 1/7/00) I think doing more volunteer work would be rewarding. Helping others always makes you feel good too. A good friend has created and lost CM with a company he started and sold for stock (only to have the stock tank), but his goal the next time is to keep it and retire to coach youth soccer and perhaps teach high school science (teaching is pretty much volunteer wages compared to running a company!). Kirk out

To: MrGreenJeans who wrote (12738)	3/25/2000 12:13:00 AM
From: Chris J. Horne	Read Replies (1) \| Respond to of 15132

"The bigger issue in my mind would be what you would do with your time if you retired from the workforce?" I am surprised how many people have mentioned this to me! I think of it like this...if you wake up in the morning...would you like to have the days agenda set by you...or by someone else? You can always do some consulting or start a small business of some kind if you feel the need...right? I have a lot of interests and most of them are intellectually stimulating. However, since so many people have mentioned your point, it does give me pause. "My critical mass number was determined by doing the following calculations. Assuming $2 million dollars is the number $1,000,000 would be place in bonds at 6% yielding $60,0000 annually and the other $1,000,000 would be placed in equities yielding, assuming an 10% average yield, $100,000 or $160,000 on average annually." I understand that...but isn't that like the tail wagging the dog? I am sure I could live on $100K too...but I think it is more than I need to live my lifestyle (and I have no debts of any kind). My approach to figure critical mass has been to determine my living expenses, the work it backwards to determine what critical mass will support those expenses. "What dollar amount gives you piece of mind, financial security, the security to not care if you were laid off or fired from a job, the security that comes with not kissing the boss's ass, the security that comes with not being a brown noser, to say what you feel, to live the life you want to live not the one you have to live in order to receive your next paycheck to place food on the table." I think I am very close now..but the flip side of this...is you do not feel the drive...the need to compete...and do your best. Don't you think? Thanks for your interesting comments.