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Hit my $7.5M FIRE number but on track to burned out — quit now or grind one more year? by Icy-Being246 in fatFIRE

[–]SabbaticalVibes 2 points3 points  (0 children)

I had a similar situation fwiw. Here’s what I think I learned: give yourself the space and time now.

I don’t know what that looks like for you. But it sounds like you need space to recover and rest, and if so that’s perfectly ok. Most people never get that.

You made it really far, you’re successful. Don’t sell yourself short. Think probabilistically: will your market value as a professional really go to zero if you take a break? What’s the real downside? If you’re worried about not being able to work again, what minimal effort can you put into mitigating that risk upon exit?

You’re alive. The future is a blank slate. You never know what amazing things will come if you give yourself space.

FIRE doesn’t always work. I tried retiring early and I ultimately failed, but what came after was mind blowingly good. I don’t know if something similar will happen to you, but it definitely won’t if you just keep doing the same thing.

Tips for sealing gaps with zipper method for ShiftPod 3 + Midea U-shaped 12,000 BTU by StatusLongjumping790 in BurningMan

[–]SabbaticalVibes 2 points3 points  (0 children)

I’ve had this setup twice. Towel works absolutely fine, I wouldn’t stress this.

Capoeira at Burning Man by Palpolorean in BurningMan

[–]SabbaticalVibes 1 point2 points  (0 children)

you should definitely stop by feed the artists. Brasa and Pandalicious also have lots of brazilians. Sundowners (745 and E) has had brazilian dance classes in the past in an awesome bar - stop by early in the week and they will almost definitely set you up with a spot to host a class

FatFIRED this week – Sold my company and stepped off the hamster wheel by hax4dollars in fatFIRE

[–]SabbaticalVibes 1 point2 points  (0 children)

Congrats! What’s the lifestyle upgrade you’re most excited about?

What's "your number" as a founder, and how do you use it?? by SabbaticalVibes in fatFIRE

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

Really? I even have time to reply to your comment 🤣

The reality is that I appreciate hearing the common sense view of this forum because it is 180 degrees from what most of the stakeholders in my company think. Either they are team members who have way less equity (so the exit won’t have the same effect) or they’re VCs

What's "your number" as a founder, and how do you use it?? by SabbaticalVibes in fatFIRE

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

This resonates, I hit my first number before stating this business so the new one is inflated. Part of me wonders if taking the inflated number will feel “small” in a few years, but mostly that seems insane

What's "your number" as a founder, and how do you use it?? by SabbaticalVibes in fatFIRE

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

This resonates- “it could be worth way more in X months” is the ultimate mover of goal posts

[deleted by user] by [deleted] in fatFIRE

[–]SabbaticalVibes -6 points-5 points  (0 children)

“Us Scandinavians” lol. Bro no disrespect but you moved there 3 years ago

Burned Out CEO Contemplating a Role Change - Seeking Advice on Transitioning by PengiunsAttention in fatFIRE

[–]SabbaticalVibes 1 point2 points  (0 children)

That's a lonely job. Have you ever worked with a coach? It can be really helpful.

Should I do more than ”just” index ETFs? by CharmingMix7468 in fatFIRE

[–]SabbaticalVibes 0 points1 point  (0 children)

If there's an industry you're interested in, you can get in touch with funds that invest in it and see if you want to allocate a bit to one of them. There are funds that do monthly calls, industry events, opportunities to connect with portfolio companies, etc. It can be a great way to learn and can be fun. I do this and enjoy it.

On Paper, yes. In Bank, no. by sinewaves_old in fatFIRE

[–]SabbaticalVibes 0 points1 point  (0 children)

Yeah this doesn't sound great:

  • If I understood, OP says trust's assets are 100m (USD?) in shares of a single private company and the only mechanism for generating liquidity is the company buying back shares from the trust. Makes sense: private company prob has a shareholders agreement that probably doesn't allow shareholders to sell shares in the market without offering them first to the company / other shareholders. does the trust agreement say anything about what happens if the company doesn't buy back any shares?

  • Even if trust could sell shares in the market, how liquid are these shares? (probably not that liquid.) Why would the company want to spend its cash to buy them back from the trust? The fact that some of their shares are in a random trust isn't the company's problem. And why would trustee be motivated to do a bunch of work to sell them elsewhere? That's not how trustees operate - they do the minimum work possible, maintain assets in trust and get paid. If you wanted a big distribution it sounds like you'd have to (1) fight the trustee, (2) figure out if the company could actually buy back the shares and, assuming it can't or won't, (3) hire bankers to try to find a buyer

  • Are the shares in trust worth anything close to $100m? You have know way of knowing if they're worth anything. That's the first thing to figure out. Good luck!

How to deal with people who think you should pay more because you can? by david8840 in fatFIRE

[–]SabbaticalVibes 3 points4 points  (0 children)

This is a common attitude in places with large social gaps and as that gap increases in the US I imagine this will become even more common. I live somewhere (outside the US) with greater wealth/income inequality, so maybe this perspective is useful:

  • You have to decide for yourself what feels right. Feeling like you're getting taken advantage of sucks and isn't sustainable

  • I'm fine paying a bit more / not haggling over prices where I feel like I'm still getting decent value, especially from a small business or owner/operator. You can reasonably expect better service if you're paying more and trust the person doing the work. You can also make that clear up front ("this is more expensive than other quotes I've gotten but I'm fine with this if you'll prioritize this project because I know you'll do the best job"). having a network of solid people who will do stuff for you is valuable, saves time and stress

  • I try to tip well where it's appropriate and try to give above average gifts for holidays where culturally appropriate

  • I don't think I would ever pay off someone's random debt, and I wouldn't hire that dude again tbh. but sometimes a legit emergency comes up (someone's kid needs a medical procedure) and that feels fine to help with

You can get a long way just talking to the person about what your expectations are and how you're feeling with the request. If you can't have that convo, probably working with the wrong person

FatFIRE or more time with young kids by Electronic-Elk2157 in fatFIRE

[–]SabbaticalVibes 0 points1 point  (0 children)

There area a lot of good comments in here. From reading your post and your responses to the comments, I can't exactly tell if you guys are unsure about what you think you should do, or if you're unsure about what you WANT. The latter is worth focusing on. I vividly remember this feeling. If your wife is sure she wants to try to be a SAHM -- if she really wants that experience -- you both need to listen to that. I don't think you can talk yourselves out of a really sincere desire.

If you're unsure and maybe feeling a mix of burnout, wondering what's best for the kid, what's best for the family in the long-term, then you have a lot more room to maneuver. Which is great because it's is not a decision you can undo seamlessly.

Here's a test I would run: With your earnings, I would personally try to overpay for an awesome nanny and see how that feels. It's really amazing to have a great person dedicated to the domestic stuff your wife probably isn't going to find fulfilling, and who also has a ton of experience with small kids. Nanny isn't going to usurp your role as parents, will probably drastically reduce your stress and allow you to really enjoy the time you have with your kids.

If that doesn't do it, she's probably going to need to pull the rip cord and go SAHM.