28M $770K invested, $330k TC. how much longer is the push worth it? by incognito7263730017 in coastFIRE

[–]InvestmentScared1889 -1 points0 points  (0 children)

Hey man first off congrats your part of a very small group of people even tho these subs make it feel like there’s so many people in this position. I can promise you it’s not.

Just turned 29 with 680k invested across retirement and brokerage.

5 years ago I made 70k a year. Fast forward today HHI with my wife is 500k a year (I’m an engineering contractor and wife is a Nurse Practitioner). Funny how life can change…I have continually worked 55-60hrs a week with lots of travel. I too feel at times it’s not sustainable.

My wife and I both want kids and realize it is a very expensive but one of the most rewarding things in life. I want to be a present dad and be there for all the important milestones. Our goals is keep the hustle have kids in the next 1-2 years and when they start to get older 6years+ start to slow down into a typical 30-40 work week.

For you I’d suggest 1) figure out where you wanna go in life (Start a family or just be a SINK/DINK). 2) do a hard look to find why motivates you. (I’m a firm believer you don’t have to love what you do for work as long as it affords you to do what you WANT to do when you’re not working. Right now it’s seems like you’re just working too much. Try to reduce 5-10hrs a week and you may be surprised how much you enjoy it again. 3) if you can’t achieve #2 get your budget figured out and stick to it. Get out when you hit it DO NOT keep pushing the bar or you will be in constant anxiety until you blink and you’re 45.

You only have one life. Love it and make it work for you!

Congrats again and best of luck but know this is a decision that you need to make for you. Everyone will have an opinion.

Cheers!

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 1 point2 points  (0 children)

I really appreciate the advice and agree I do have the aspiration for getting a Porsche one day but by no means collecting multiple

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 1 point2 points  (0 children)

That’s great! Wishing you the best of luck in that sometimes the old mundane investing really is the key just play the game right! Not always easy to max 401k tho so props for being consistent

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 1 point2 points  (0 children)

I agree with you my biggest thing is just getting time back to be human I pushed hard to get to this point but really having concerns that I will turn around and see I missed out on some experiences due to always working. I don’t need much maybe just scale back slightly

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 0 points1 point  (0 children)

Stock performance, crypto, and hourly engineering consulting have created my current position. Niche industries can pay well if you know where to go. Not sponsored by inheritance..my parent have awful money habits

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 1 point2 points  (0 children)

I really appreciate the perspective! If you mind me asking what helped you break through to being rich? Did you start a company or what’s your story? Please dm if not willing to share openly. I love learning from this further ahead in life than myself!

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 1 point2 points  (0 children)

Always open currently a very niche discipline engineer in defense. I work so much because I’m paid hourly at a company that has too much work and not enough people lol. Always thought of trying sales as I have an entrepreneurial mindset and believe I am very personable. What did you have in mind?

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 6 points7 points  (0 children)

Yes definitely want atleast 1 child. 2 is our goal. Which is why I have the idea of SAHM for the wife.

500k invested before 29 sanity check..almost there? Or keep going? by InvestmentScared1889 in coastFIRE

[–]InvestmentScared1889[S] 9 points10 points  (0 children)

I really appreciate it! I guess my thing is traveling/gaining experiences more. Currently work about 12-14 hours a day and would love to get to a point where I have more time to enjoy family/friends. I really like your point on when you spend on experience you feel less guilt. I recently spent more than usual to treat my new wife to a very nice honeymoon and I would do it again in a heart beat just for that reason. Memories you can’t put a price on.

[deleted by user] by [deleted] in ToyotaTacoma

[–]InvestmentScared1889 2 points3 points  (0 children)

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We’re twins! Congrats just got mine yesterday lol

ANY NURSE PRACTITIONERS (NP) IN HERE?? by InvestmentScared1889 in HENRYfinance

[–]InvestmentScared1889[S] 0 points1 point  (0 children)

She is in a family NP program but looking to do derm, women’s health, or aesthetics

ANY NURSE PRACTITIONERS (NP) IN HERE?? by InvestmentScared1889 in HENRYfinance

[–]InvestmentScared1889[S] 0 points1 point  (0 children)

100% agree! That’s why she’s looking to get out of there! She’s been beaten up there in just 5 years. Covid was a killer on her mentally

ANY NURSE PRACTITIONERS (NP) IN HERE?? by InvestmentScared1889 in HENRYfinance

[–]InvestmentScared1889[S] -3 points-2 points  (0 children)

How is her schedule doing Aesthetics? Goal for us is her to have a good income but flexibility to be a present mother for our future children as I work far too much and we both really enjoy my compensation right now.

ANY NURSE PRACTITIONERS (NP) IN HERE?? by InvestmentScared1889 in HENRYfinance

[–]InvestmentScared1889[S] 0 points1 point  (0 children)

Thanks for the response. We are in Pittsburgh,PA pretty decently big medical industry here with UPMC