Which would you rather be? A hobby jogger making 200k or Galen Rupp making 200k?

the latter

if i'm going to take that big a pay cut, i better be a whole lot faster

Hobby Jogger. If you're making $200k in an office, you can do that for 40 years. A runners competitive window is maybe 15 years if they are lucky.

Galen Rupp

200k is a ton. If I were Galen, I'd be financially set for life by this point in my career. Jobs suck.

If Galen needs part 2 of his career he can turn to being another bad announcer for NBC, coaching, working for Nike, and writing his memoir. Set for life.

Devil Dog wrote:

Galen Rupp

200k is a ton. If I were Galen, I'd be financially set for life by this point in my career. Jobs suck.

If Galen needs part 2 of his career he can turn to being another bad announcer for NBC, coaching, working for Nike, and writing his memoir. Set for life.

financially set with 200k? found the 15yr old

A net worth of $1 million is hardly enough to be set for life. Granted, it will compound if you invest smart. But you could lose this easily, there’s hardly any play money there.

The former...because otherwise idiots on message boards are questioning everything about me from my sexual orientation to dropping out of a marathon.

Luv2Run wrote:

The former...because otherwise idiots on message boards are questioning everything about me from my sexual orientation to dropping out of a marathon.

So you don’t want to be a human Rorschach Test?

It's not 1 million anymore. He put it all in bitcoin and he's a billionaire now.

Hilarious that people actually use and believe a networth site run by a teen in his basement.

I'dpay200grandNOTtobeGalenRupp

These days being comfortably set for life starts at 8 million.

@baylyfe.jhu wrote:

Devil Dog wrote:

Galen Rupp

200k is a ton. If I were Galen, I'd be financially set for life by this point in my career. Jobs suck.

If Galen needs part 2 of his career he can turn to being another bad announcer for NBC, coaching, working for Nike, and writing his memoir. Set for life.

financially set with 200k? found the 15yr old

I'm the immature one because I know how to manage money, not waste it on shiny new things, and can comprehend that by this point in Galen's career he's likely made close to $3M in salary and bonuses?

Have fun spending the rest of your life saving money to pay for your too-large house, your multiple too-large new vehicles, and your too-expensive toys.

If that were true, then you, everyone here, and everyone you've ever met is financially fvcked.

Devil Dog wrote:

@baylyfe.jhu wrote:

financially set with 200k? found the 15yr old

I'm the immature one because I know how to manage money, not waste it on shiny new things, and can comprehend that by this point in Galen's career he's likely made close to $3M in salary and bonuses?

$1M or $3M in net worth is like the equivalent of a BQ in running. It's good, but it's no 2:10 marathon.

It's not FU money until it starts to exceed $10M!

Galen is certainly making more than $200k a year in base salary right now. He is probably pushing seven figures between appearance fees, salary, prizes and sponsor bonus money. $200k is probably about what he made when he was first on the track out of college.

What is interesting about Galen is how much more money he could be making if he marketed himself better. The NOP doping scandal has probably forced Galen to keep a low profile, but even before that broke, Galen did almost no marketing. Maybe he thinks that he needs to be like the E. Africans and have a laser like focus on training.

Most former runners would have done anything to be a pro for 10 years even making $50k per year. So most of the responders are not really thinking this through. How many elite runners go to a job and give up running after college? Only the ones who aren’t elite.

I don’t think Galen only makes $200k. He made $100k last year just in Chicago prize money alone.

WiT wrote:

These days being comfortably set for life starts at 8 million.

Where do you get that?

At a 4% draw, that is $320,000 per year. That is not necessary.

If you are married and you retire with a paid for home and zero debt, you can make it on so much less than that.

If you had this at age 62:

$190,000 paid for condo in Naples, FL on the beach

$1,000,000 in retirement account

$40,000 a year coming from Social Security

Take 4% from the million dollars. That = $40,000.

So, completely debt free and with income at age 62 of $80,000

Easily doable and set for life.

Flagpole wrote:

WiT wrote:

These days being comfortably set for life starts at 8 million.

Where do you get that?

At a 4% draw, that is $320,000 per year. That is not necessary.

If you are married and you retire with a paid for home and zero debt, you can make it on so much less than that.

If you had this at age 62:

$190,000 paid for condo in Naples, FL on the beach

$1,000,000 in retirement account

$40,000 a year coming from Social Security

Take 4% from the million dollars. That = $40,000.

So, completely debt free and with income at age 62 of $80,000

Easily doable and set for life.

Your $40k SS would be reduced in part because of the $40k from the retirement accounts. The reduction comes in terms of taxes owed on the SS benefit because you are deemed to be "rich."