Tired of my crazy busy tech job. We have 2 kids in high school. Wife is stay home mom. I have worked so hard to build this net worth, but I am exhausted. Our house is not part of this NW. yearly expense is around 180,000. Any advise will be so helpful! 🙏🏽
no. Cannot. I have $6m too. Too far. $10m is minimum
How are you calculating your number?
And 10 Million minimum at what age?
How do you keep yearly expense so low? I'm at 3 kids SoCal 250k annual expense
6 isn't much to retire on. Trust me.
Can you break down and provide more details into your thinking? That will help.
Without getting too detailed, when you retire this early (about 45 years earlier than avg lifespan), you're bound to find hobbies and other ways to spend your time.. which will cost money. And then with all the expected and a few unexpected expenses + inflation in mind, you'll feel like you're barely getting by.
You definitely can, don’t listen to all the dummies that think you need $1B. You might need to think about money a little more and if you can pick up some consulting or any job that pays something it’ll go a long way. If you can make $40k a year doing something that’s $1M less you need to save.
Nah you need $2B
I will say $3b
How do you spend 180k if you have a paid off house? How about getting a chill tech job. Also can you retire in a LCOL area?
He didnt said house paid off
Is he including house payments in expenses?
Maybe after you put the kids through college. And by then you might want to keep working so they dont annoy you when they move back home. After they move out ~ 26, then you can retire
No you need 20M
I feel the same, 47 yrs old with non-working spouse and 2 kids younger than yours, but only $3.5M NW and $225k in annual expenses. Exhausted and depressed. 😭
Make your spouse generate income! Gender Equality is equity. You can stay home and do house chores.
Only $3.5M NW? Half of the world sleep hungry every night and quarter of the world can barely afford two meals a day. Learn to count your blessings.
You have another 45+ yrs to live. 6M won't cut it. Especially considering how high inflation is.
😂
Do what Nancy Pelosi does and trade on insider information while a politician and expected to be held to higher standards (yet screwing over your country). That's how you make money and retire. Screw or be screwed.... the Pelosi way.
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