Yeah it wouldnt be that at first, and youre essentially saying it...
In your post but youre definitely winding up giving up some of your highest earning by staying
For instance, if he leaves this year lets play a hypothetical where his earnings go:
Year 1 2022: 300k
Year 2 2023: 300k
Year 3 2024: 500k
Year 4 2025: 500k
Year 5 2026: 500k
Year 6 2027: 750k
Year 7 2028: 750k
Year 8 2029: 750k
Year 9 2030: 1.0 million
Year 10 2031: 1.0 million
If he stays it looks like this
Year 1 2023: 300k
Year 2 2024: 300k
Year 3 2025: 500k
Year 4 2026: 500k
Year 5 2027: 500k
Year 6 2028: 750k
Year 7 2029: 750k
Year 8 2030: 750k
Year 9 2031: 1.0 million
In scenario 1, he has $7.1 million in his career when he retires
In scenario 2, he has $6.1 million when he retires
(You can add more years but the concept is the same)
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In response to this post by Chris Coleman)
Posted: 04/08/2021 at 3:16PM