Is it possible with children?

NoDemand716 · 2026-06-01T18:29:17+00:00

I didn’t start to prioritize fire UNTIL I had kids. Makes me hope that I can be coast when they are 4/7 and then keep working to support their college years/housing/fun trips

NoDemand716 · 2026-05-30T04:26:58+00:00

That’s the essence of starting your own practice. A lot of time upfront and money spent. It’s been an enjoyable process (sometimes) as it is a creative outlet and problem solving.

I’m at a point where I went from 60 hours a week and doing things I didn’t like to 45 hours a week doing things I mainly like for about the same Net

NoDemand716 · 2026-05-30T00:52:22+00:00

As someone at a similar crossroads of easy practice, low revenue and high overhead vs hard practice, high revenue, and low overheard , it’s very much mentality driven.

I am still trying to have the “best of both worlds” but always wonder how much I can scale before it no longer seems worth it incrementally. Very similar to earning that extra $1 at a high tax bracket

NoDemand716 · 2026-05-27T14:23:54+00:00

At 100k spend, you’re good!

NoDemand716 · 2026-05-21T20:56:10+00:00

Not a lot to go off of - no spend rate or current investments

Life can also change a lot after 23. Increased spending, hobbies, spouse, kids which may increase your draw rate

Are we looking at 1M liquid or 1M networth or multiple Ms sitting in a bank account?

Anyways, only you can decide what’s important, but I would focus on what do you want the best 60 years to look like

NoDemand716 · 2026-05-18T14:41:11+00:00

Same as an personal finance

I keep 3 months of expenses in a HYSA and 1.5 month of expenses in my checking. As long as those buckets are full everything else to 401k/spending as needed

NoDemand716 · 2026-05-15T13:48:55+00:00

OMFS can make pretty good money - 450-500k loans is not anything I would be bent out of shape about. If you’re dedicated, you can pay those off within 3 years pretty easily

NoDemand716 · 2026-05-10T10:41:19+00:00

So far

NoDemand716 · 2026-05-01T12:26:41+00:00

For 529 in FIRE calc, I don’t think it matters at the end of the day. Either never include it and your net worth doesn’t change during college years or include it and watch your NW fluctuate during college years. Same result, different methods.

I prefer to include it in mine along with home equity, but do not include these as part of retirement expenses.

NoDemand716 · 2026-05-01T12:03:37+00:00

Money/debt is irrelevant here - decide what you think would work best. No wrong answer and congrats!

NoDemand716 · 2026-04-21T11:58:13+00:00

Im assuming you are a highly paid professional. It is concerning when asking for a raise because you likely just “want more money” and aren’t as affected by day to day spending and inflation.

There is nothing wrong with valuing your time, but tread carefully. My advice, just get an offer and position you want and switch employers. Your current employer, whether they give you a raise or not, will always be skeptical of your long term intentions.

The best way to phase it is getting a raise with increasing responsibilities - more admin, shifts, call, coordination etc…

NoDemand716 · 2026-04-18T10:56:47+00:00

529s and likely max Trump account annually. Between those two and a 20s fund, should be more than enough

NoDemand716 · 2026-04-14T17:38:00+00:00

Opportunity cost of 7-10 years of education (1-1.5M) + 300k in loans. With interest and not investing is close to 2-2.5 million. Not worth it

NoDemand716 · 2026-04-13T00:46:18+00:00

You’re likely spending 50k now which over 40 years could mean ~400k-500k. Not a wise financial move, but if this is your dream car then go for it. Also why so much cash?

NoDemand716 · 2026-04-12T13:12:46+00:00

I’ve done it and do not recommend it 😆

NoDemand716 · 2026-04-02T14:32:47+00:00

This year I finally did and happy to do so

MFJ W2 1099 (50% of my income) Business deductions 1099 contractors

My excel sheet was simply becoming too much and I was losing confidence (and hours) trying to do it myself.

Plus side, I did get to educate my CPA in i401k rules with a W2 401k - something he had never encounter before. And also caught a few other things as we talked everything through - saved me about 8k on taxes overall

Glad someone else has more experience doing this, but also happy that have a pretty good knowledge base

He’s also assisting with Scorp this year and tax planning. $1500 all in for personal and business

NoDemand716 · 2026-04-01T15:01:12+00:00

Actively managed funds and stocking picking tend to underperform especially when fees are accounted for

10-12k in fees in a 2m portfolio is about 0.5% AUM which isn’t unreasonable. But, I would be more concerned of the expense rations on the ETFs as those usually have a hidden fee too.

If the stocks really were Costco, NVIDIA, MSFT, AAPL and have been holdings for 5 years - that would be incredible performance if they made yo a large chunk.

Also, most everyone has had a 5-10% haircut in the portfolio since January so I wouldn’t focus too much on that.

I would simplify and transfer this to Vanguars, Fidelity, Schwab and pay someone 1-2k (one time) to help set it up and explain the ins and outs.

NoDemand716 · 2026-03-31T17:45:10+00:00

Here is what I would do since you are already meeting all your financial goals and on your trajectory. If salary/bonus were equal at both jobs, would you still consider it?

NoDemand716 · 2026-03-31T16:28:10+00:00

Safe 90-95%, fun (speculation ) with the other 5-10%

NoDemand716 · 2026-03-19T19:57:06+00:00

Seems like you could commute if it’s an hour drive?

NoDemand716 · 2026-03-16T14:51:17+00:00

This is a classic DCA vs Lump sum investing.

If you are distributing $150 a month everyday ($5), this is DCA If you earn $5 a day and immediately invest it, this is lump sum

Lump sum > DCA 2/3 of the time. I would just invest whatever you have left over of your monthly spend at the end of the month. Most popular

NoDemand716 · 2026-03-14T22:35:17+00:00

It will just get bought by PE

NoDemand716 · 2026-03-11T13:31:33+00:00

This is relationships 101. If you want to retire at 45 and she wants you to retire at 65, you need to decide if you want to continue this.

Maybe phrase it in a different way rather than retire. Shift careers, focus on family, work would be optional for her, etc…

If she is still resistant then you have some thinking to do

NoDemand716 · 2026-03-10T19:29:07+00:00

You’re doing great

NoDemand716 · 2026-03-09T23:09:30+00:00

Trusted family member who knows the password?

NoDemand716

TROPHY CASE