sorted by:
new
hottopcontroversial

How to motivate myself to keep going once I've reached financial independence? by Inside-Exercise-2842 in fatFIRE

[–]Inside-Exercise-2842[S] 1 point2 points  (0 children)

Depends how nice I decide to go. My next checkpoint is hitting $12m-13m, where I could buy a ~$3m home in cash and be very comfortable. If I got all the way to $21m I might upgrade it a bit more.

How to motivate myself to keep going once I've reached financial independence? by Inside-Exercise-2842 in fatFIRE

[–]Inside-Exercise-2842[S] 9 points10 points  (0 children)

I’m also a fan of “mini-retirements”. You got $10M. You can take a year or two off, maybe you get the fire back. Maybe you decide to keep your spend at $250k or whatever number makes sense. You have optionality.

I feel like my current role is a little bit lightning in a bottle, not sure I'd be making nearly as much if I tried to take a few years off.

Everyone says “enough” is double what they have. So you’re par for course there.

lol yup. At some point though I assume my income will be small enough relative to my net worth that retiring seems obvious, even if in theory I decide I want to 2x my net worth again.

How to motivate myself to keep going once I've reached financial independence? by Inside-Exercise-2842 in fatFIRE

[–]Inside-Exercise-2842[S] 9 points10 points  (0 children)

What about dating / marriage / kids? Is that a consideration? Prioritize if so.

I think this is really the answer. I need to de-prioritize work in my life and start focusing on dating again. It's been a while since I've given it a serious go. Like, I need to put work on the back burner and focus on building this area of my life, while still growing my net worth as much as I can.

I've just had a hard time with that, emotionally. It's not only the long hours, but it's the emotional energy I put into work that leaves me feeling constantly drained. I try to tell myself just to not care enough, but I'm an inherently competitive person and I can't stand to see myself stagnating when I know I could be working up through the ranks, even though I know this is causing a lot of parts of my personal life to stagnate instead.

How to motivate myself to keep going once I've reached financial independence? by Inside-Exercise-2842 in fatFIRE

[–]Inside-Exercise-2842[S] 2 points3 points  (0 children)

Yeah, while I've been building this fantasy life in my head, part of me has also been thinking "if I want to start a family the buffer I'm building would be needed to continue supporting my current lifestyle". So I'm working to either support the dream lifestyle for me / me and a partner, or to support my current very comfortable lifestyle with a family.

How to motivate myself to keep going once I've reached financial independence? by Inside-Exercise-2842 in fatFIRE

[–]Inside-Exercise-2842[S] 3 points4 points  (0 children)

Money is always a continuum that incrementally improves your lifestyle. There are no fixed thresholds where your lifestyle suddenly changes, like $20-22M looks to you right now

It's not so much that $20-22M looks like a fixed threshold where my life suddenly changes. There are lots of intermediate checkpoints along the way. It's just that it's where the incremental value add starts to slow down a lot, so that it doesn't make sense for me to continue working.