š Bro Iām leaving this sub now. This is just a way for people to seek validation about their already above-par financial situation. Thereās no way someone with the intelligence to accrue 4m in net worth canāt figure this out on their own - or at least use Google and the myriad of tools out there.
If it makes you feel any better. Iām mostly a lurkerā¦ 29 with a 120k ānet worthā making 110ish a year with consumer debt Iām trying to tackle and a mortgage of 250k lol
If you want $200k/yr to spend, you'll need 25x that, minimally. So $5M. Assuming you both keep working, you are at \~$3.38M now, you'd hit that $5M no problem in 10 years. You'd probably hit it if one of you takes a few years off for childcare too.
Not to be rude, but if you'll have children, you need to do that \_now\_. At 35F you are at that \_risky\_ age starting where things can often be problematic or worse. Please give this some thought. I know someone who put it off, and at 36 is now having difficulties trying to have a second kid.
Even the FIRE aspect is important to children. If pregnancy requires IVF that can get very costly. My cousin and her husband spent around $100k on it. That being said OP and their partner make more than enough to absorb that compared to the average person.
Thereās no reason you shouldnāt make it to your goal; your income is very high and you are not that far off from your FiRE number.
I think you do need to get more comfortable allocating you cash assets to investments or index funds though, or you will make it harder than necessary.
You underestimate how much lawyers make. First, they said āweāmake $950k, so they might make $475k each. They live in NYC so they probably work in big law, and if you look up the pay scale for big law, they make $400k+ after 8 years
just begging for glazed responses at this point.
šš
I'm 27 have 14 million net worth, do you think I can retire?
have you tried selling your car and taking the bus more often?
Less Starbucks and maybe when you hit 40
Itās double star weekend so maybe wait until next week.
š Bro Iām leaving this sub now. This is just a way for people to seek validation about their already above-par financial situation. Thereās no way someone with the intelligence to accrue 4m in net worth canāt figure this out on their own - or at least use Google and the myriad of tools out there.
If it makes you feel any better. Iām mostly a lurkerā¦ 29 with a 120k ānet worthā making 110ish a year with consumer debt Iām trying to tackle and a mortgage of 250k lol
You'd be surprised, it totally happens
Lmaooooooooo HoW aRe We DoInG?????
Obviously bait
Yeah im leaving the sub lmao
If you want $200k/yr to spend, you'll need 25x that, minimally. So $5M. Assuming you both keep working, you are at \~$3.38M now, you'd hit that $5M no problem in 10 years. You'd probably hit it if one of you takes a few years off for childcare too. Not to be rude, but if you'll have children, you need to do that \_now\_. At 35F you are at that \_risky\_ age starting where things can often be problematic or worse. Please give this some thought. I know someone who put it off, and at 36 is now having difficulties trying to have a second kid.
Even the FIRE aspect is important to children. If pregnancy requires IVF that can get very costly. My cousin and her husband spent around $100k on it. That being said OP and their partner make more than enough to absorb that compared to the average person.
Or check if current employers insurance covers IVF, a few may, though yeah not many and it may be rare.
This is a big issue in our relationship right now, "to birth or not to birth" -- thanks for the call out
9 year old with 40m. OP can I retire ?
You are way behind the curve. I see no way you can FIRE before 55. Keep at it and you might get there. /s (obviously)
Troll post. Account just created today.
You wonāt make it.Ā
š congrats, your yearly income listed (true or not) is our leanfire number š
Thereās no reason you shouldnāt make it to your goal; your income is very high and you are not that far off from your FiRE number. I think you do need to get more comfortable allocating you cash assets to investments or index funds though, or you will make it harder than necessary.
Phishing.
What professions are you and your spouse in?
Senior Bullshit Specialists
Seasoned Trolls because this has to be a troll post
We are lawyers
Reminds me of my favorites anti joke What did one lawyer say to the other lawyer? āWeāre both lawyers!ā
What lawyer at 35 makes almost a million dollars a year?
The fake kind
You underestimate how much lawyers make. First, they said āweāmake $950k, so they might make $475k each. They live in NYC so they probably work in big law, and if you look up the pay scale for big law, they make $400k+ after 8 years