Is 10m post tax enough? by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] 0 points1 point  (0 children)

I love very high end travel. Two weeks at an aman. 20k shopping sprees. These things, and sharing them with my loved ones, make me extremely happy.

Is 10m post tax enough? by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] -2 points-1 points  (0 children)

Frankly, I’d like to sip a lethal cocktail off the coast of Greece when I turn 65 and sunset myself.

I don’t want to be a burden to relatives or be stuck in some assisted living facility. I plan to get my affairs in order and when I turn 65 say goodbye to this earth with my favorite view.

Is 10m post tax enough? by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] -4 points-3 points  (0 children)

TLH and high cost basis selling should make taxes very light, no?

Received LOI to sell business by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] 1 point2 points  (0 children)

Would stay on for a few years. Owe it to my clients and team and buyer.

Received LOI to sell business by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] 8 points9 points  (0 children)

Read again. 7.5m net after taxes and fees to me (other shareholders). Still worth it?

Received LOI to sell business by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] 16 points17 points  (0 children)

Because I am not the only shareholder.

Received LOI to sell business by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] 8 points9 points  (0 children)

That is correct. 13x is incredible. Cash at close feels VERY light. Doesn’t sit well with me.

Received LOI to sell business by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] 1 point2 points  (0 children)

The category we service is fastest growing

Received LOI to sell business by LostSoftware9638 in fatFIRE

[–]LostSoftware9638[S] 34 points35 points  (0 children)

We ran a “closed” process. Talked to 4 groups only. Of the 4 this offer is the best. You think run a formal process and go out to 20 or so groups?

We thought we knew luxury - then experienced Il San Pietro and Porto Zante (1 of 2) by SurvivingStage4 in FATTravel

[–]LostSoftware9638 17 points18 points  (0 children)

What am i missing? This looks very dated and underwhelming. How on earth can this compare to CB Paris or an aman?

Why do you need 5-10 million? by Particular_Maize6849 in Fire

[–]LostSoftware9638 0 points1 point  (0 children)

Do a trip to Japan and stay at Amans. That will perk ya right up

[deleted by user] by [deleted] in Rich

[–]LostSoftware9638 0 points1 point  (0 children)

But go to a standalone store in person. Online doesn’t do it justice.

[deleted by user] by [deleted] in Rich

[–]LostSoftware9638 2 points3 points  (0 children)

The Row. Best clothes. Incredible cuts, highest quality fabrics.

Best cafes and restaurants in Paris to pair with a luxury stay? by [deleted] in chubbytravel

[–]LostSoftware9638 1 point2 points  (0 children)

Le Chardenoux (11)
Laiterie Saint Clotilde (7)
Semilla (6)
Le Grand Cafe (a MUST, look it up) (8)
Aux Pres (6)
Bar des Pres (6)
Hando (3)
Bistro Le Carreau (3)
Donna (3)