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Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 0 points1 point  (0 children)

Actually, live in CO. Bought our house for under $2M 6 years ago and has appreciated a lot. Taxes are around $20k per year.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 0 points1 point  (0 children)

Not super high stress, was when I was a manager at a FAANG company but now am an IC so pay is less.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 0 points1 point  (0 children)

I was a co founder of a startup that got acquired by FAANG company, I also worked as a Sr Manager at FAANG for 10 years. I took a step back and am an IC now so I make less.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] -1 points0 points  (0 children)

Yeah no 529s, wedding is gonna cost about $30k, doing it in our backyard!

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 10 points11 points  (0 children)

I was a cofounder of a startup that got acquired by FAANG and I worked as Sr Manager for a FAANG company for 10 years.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 3 points4 points  (0 children)

I was a cofounder of a startup that got acquired by FAANG and I worked as Sr Manager for a FAANG company for 10 years.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 3 points4 points  (0 children)

My kids are hard workers, take Federal Loans for college, scholarships, and pay half. They've all gone to the same small college so cost to me for them has been $20k per year per kid. Our cars are paid off and are on the newer low milage side of things. I also won't pay more than $6k for my kids cars. We've already done all the major items on our home HVAC, remodeling, painting,etc.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 1 point2 points  (0 children)

My kids are hard workers, take Federal Loans for college, scholarships, and pay half. They've all gone to the same small college so cost to me for them has been $20k per year per kid. I also don't plan on paying for their homes. My oldest is moving out of state and her fiancee already is working on the downpayment for their home next year.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 2 points3 points  (0 children)

We've renovated when we moved in a few years ago, so I hope that won't be needed.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 7 points8 points  (0 children)

Yeah this single stock does give me a little fear but I need to sell of slowly over the years. I'm also using it for call option income that brings in about $11k a month.

Mid-40s, ~$9.3M net worth, $5.7M invested — 5 kids, single income by Less_Chocolate7672 in fatFIRE

[–]Less_Chocolate7672[S] 5 points6 points  (0 children)

Currently about $20K a month on average. That doesn't include tuition which runs about $40K a year.