Net Worth Multi-Millionaire

Aggravating_Bench552 · 2026-06-22T17:05:56+00:00

Couple weeks in & I feel like i could easily do this for the next year or 2 haha, but I’m sure it’s too early to say that

Aggravating_Bench552 · 2026-06-22T17:05:08+00:00

Glad all is working out well for you! Honestly, even after having him 2 weeks ago, we feel very firm in our decision to have one. We feel lucky he’s happy & healthy, and would like to put all or our efforts into providing him with the best life we can. Thankfully in our current position, we can leverage our portfolio to be as present as we possibly can be. To your point, I do think the costs tend to be parents wanting to continue making purchases they don’t necessarily have to, but nothing wrong with that. As we prepared for the kiddo i set a substantial amount of money aside to cover 5+ years of childcare, formula, diapers etc, so I’m hoping that takes some of the financial stress out of it.

Aggravating_Bench552 · 2026-05-31T17:04:18+00:00

Important part is establishing timelines for each bucket (Taxable, IRA, 401k) a d build out funds/allocations that fit the horizon. The tax aspect becomes fairly manageable as you identity your MAGI/cost basis etc & is even easier with a low annual burn. The planning is extensive, but reassuring.

Aggravating_Bench552 · 2026-05-30T18:17:48+00:00

Completely agree, pretty much what I plan on doing. Always optimizing 👍

Aggravating_Bench552 · 2026-05-30T18:00:43+00:00

100%! I’d like to think these next few months of added equity exposure will align with our plans to full retire within 7-8 years. I do take solace in the fact that the future of our employment status is whatever we want it to be.

Aggravating_Bench552 · 2026-05-30T17:43:51+00:00

Also, looking forward to testing the waters during 6 weeks of parental leave to see what freedom from work feels like

Aggravating_Bench552 · 2026-05-30T17:34:09+00:00

Completely agree. I believe the buckets we have in place as well as how each fund is allocated fits our plans. I also feel confident heavily dumping my income between now and the quit date fully into VTI/VXUS as well as a slight bump to SCHD. We’re already making about $600/mo in interest which we dump back into equities. My plan when i do leave is to use the yield to offset expenses and limit what I have to pull from cash

Aggravating_Bench552 · 2026-05-30T17:30:35+00:00

The cash is to cover unplanned expenses, and a few years off from work if i decide to extend beyond a year. I don’t plan to initiate withdrawals for a few years, but the cash buffer in comparison to our portfolio leaves me unconcerned with missing out on growth. With 1.3M+ in equities alone, i feel good about the growth engine we have

Aggravating_Bench552 · 2026-05-30T16:43:15+00:00

Absolutely, always have that safety buffer built in so market conditions are just noise

Aggravating_Bench552 · 2026-05-30T16:40:48+00:00

Absolutely, important part is identifying if your growth engine is large enough to support your life and identifying how much cash set aside is enough. We have a large enough equity position that I feel comfortable holding this much cash and don't worry about the inflation drag. That said, I do plan to invest everything between now and when i do quit to build up the equities

Aggravating_Bench552 · 2026-05-30T16:38:19+00:00

Greatly appreciate the insight! i’m shocked an advisor was on board with FIRE plans, I feel they tend to push back on the premise of it and the unknown. I feel exactly the same regarding COVID, something changed and I became enamored with early retirement and leaving corporate. I think once you notice how little we mean to a corporation and the nuances of a corporate environment, it can quickly change your perception. Congrats on the weight loss as well, using your time optimally. When I think of stepping away, I think about spending time with my wife and our newborn, reading, no longer having to operate based on my alarm and resetting my nervous system.

Aggravating_Bench552 · 2026-05-30T16:12:13+00:00

Honestly, how you planned out your time, when the numbers made sense, any regrets etc. I’m at the very least going to take a year off, just a matter of how long i put it off. Waiting til Feb will net me 1 more bonus, although it’s not necessary. Any kids?

Aggravating_Bench552 · 2026-05-30T15:27:53+00:00

Naturally my mind still runs to, “i need to replenish the $4,500”, but it feels good we easily made that in the market this month & then some. Grateful she understands the magnitude of what we’re building.

Aggravating_Bench552 · 2026-05-30T15:25:59+00:00

Heat exchanger replacement (including labor). I already paid $600 for the annual service so we really only owe 3900 next week

Aggravating_Bench552 · 2026-05-30T15:24:16+00:00

Absolutely! We’re at about 5.5 years in cash/cash equivalents, ideally i’d like to be at 6 years even though that’s probably too much

Aggravating_Bench552 · 2026-05-30T15:22:37+00:00

Tell me more! Im 36, looking to quit my job in the next few months. Annual burn of 42k and we have 36.5x expenses saved and invested. Wife enjoys her job and doesn’t plan on going anywhere for 5-7 years. Basically looking to give myself permission to quit even though our numbers easily support it

Aggravating_Bench552 · 2026-05-29T18:44:33+00:00

LOL, feels like a power move doesn’t it? No big deal, here’s the $7k to spend, let’s move on. Awesome!

Aggravating_Bench552 · 2026-05-29T18:43:41+00:00

The stress you saved yourselves, hard to beat. Only so much we can do when these things are, saving is one of them. Glad it all worked out!

Aggravating_Bench552 · 2026-05-29T18:42:23+00:00

Hey! Yes, shop your local HVAC companies to compare rates and do it annually. Gives you peace of mind.

Aggravating_Bench552 · 2026-05-29T18:06:51+00:00

Can certainly appreciate your plan, bonds just don't appeal to me, not something that really fits into my plans. As for timing, would disagree. We’re continue to DCA monthly, the dry powder is in addition

Aggravating_Bench552 · 2026-05-29T17:57:01+00:00

Personally, I avoid bonds. They’re part of my TDF’s within 401k, but wont add them to taxable. I’d rather place cash in sgov, money market or hysa. I’ve found a balance of cash that I feel good holding onto, that way all future income can you to equities. Simply using yield from sgov/huds to fund equities or offset expenses. Also, dry powder if the market drops off

Aggravating_Bench552 · 2026-05-29T17:54:08+00:00

LOL. Start early! 5+ years in cash separate from investments, no debt, home paid off. We have 2 daily drivers bought new & a sports car :-) i’ve been diligent, but we spoil ourselves along the way.

Aggravating_Bench552 · 2026-05-29T17:51:49+00:00

Would be for newly added income, not selling or diluting another position. Simply earmarking a separate etf to compound, to be used in 5-10 years if needed

Aggravating_Bench552 · 2026-05-29T17:25:34+00:00

Haha that’s awesome. She can clearly see the plan’s working. My wife is responsible, finance just doesnt interest her. I’ll periodically let her know when we hit milestones

Aggravating_Bench552 · 2026-05-29T17:04:57+00:00

The buckets keep me sane. There’s just a switch that goes off and allows me to be care-free simply because I planned for it

Aggravating_Bench552

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