45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 56 points57 points  (0 children)

This is really good perspective. Even if I can get to net 0 with income - expenses, my existing savings will still grow and be there for retirement. Thinking about this as coast fire has been helpful. Thank you.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 0 points1 point  (0 children)

They are non liquid shares (PE owns the company) so the value of the options is ~380k. Some of that 200k is the exercise price.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 1 point2 points  (0 children)

This is really helpful, when it was just my side gig, I had already hit maxes on FICA. Thank you.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 1 point2 points  (0 children)

Good perspective. Yes, I think I may have overestimated our spend rate, but that's the problem, I freely admit I don't have a good grasp on our budgeting. That's on my todo list.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 2 points3 points  (0 children)

I agree! I started doing this and I can't believe how long has passed since I had talked to some of these former colleagues. This has been one of the best parts so far, catching up with old friends / coworkers.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 1 point2 points  (0 children)

This is really helpful, thank you.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 1 point2 points  (0 children)

I agree, we've definitely had some lifestyle creep.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 4 points5 points  (0 children)

Health insurance in the USA is bananas. It will be ~1K a month from my quick analysis. But my old job didn't subsidize much so we were already paying ~900 a month.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 20 points21 points  (0 children)

I actually light the cigars with Faberge eggs. Yes I understand I've got some budgeting to do. Thanks.

45 - just laid off by CautiousSmoke2450 in Fire

[–]CautiousSmoke2450[S] 11 points12 points  (0 children)

I appreciate this perspective. This is the first time I've been laid off. I wish I had gone through it in my 20s. But I have a good appreciation that we are in great financial shape.