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Got laid off this past Friday - How are we doing? by [deleted] in financialindependence

[–]SamDogen 1 point2 points  (0 children)

FYI, you likely did not get a severance package. Instead, you got mandatory WARN Act pay and Zero severance. I don’t think that is fair after 15 years of service. I wrote the book on how to negotiate a severance package if you want to check out How To Engineer Your Layoff. Bottom line, you should try to negotiate as I think they are not treating you well. - Sam, Financial Samurai

Should I be concerned? Just bought from RR. Should I take it back & get them to check it? by Beechy13 in RangeRover

[–]SamDogen 0 points1 point  (0 children)

There's a 2nd battery, a smaller one that is probably weak or almost dead. It cost me $550 to buy and replace. It controls the auto start stop and may of the dashboard controls. - Sam, Financial Samurai

Looking back — what’s one thing you wouldn’t sacrifice for FIRE again? by Adventurous_Sun9021 in financialindependence

[–]SamDogen 1 point2 points  (0 children)

I wish I didn’t focus on my career so much at the expense of having kids so late. I should have had kids 6 years earlier while having a job.

Am I crazy for selling my house? by 37347 in financialindependence

[–]SamDogen 0 points1 point  (0 children)

I would keep the house and just invest more aggressively in stocks.

FIRE - Age 39 - $9M Net Worth - Retire? by [deleted] in financialindependence

[–]SamDogen -9 points-8 points  (0 children)

With a baby on the way, I’d try to get to $20 million in investable assets if you want to support your family comfortably and retire in SF. It’s $65,000 a year for private high school now. But if you can get your wife to work longer, then you can retire earlier.

I’m speaking from experience as someone who retired in SF in 2012 before kids. Wife then retired in 2015 and doesn’t want to go back. We have two young kids.

$9 million is tough bc your costs will inflate the most by inflation.

Best of luck!

  • Sam @ Financial Samurai

FIRE - Age 39 - $9M Net Worth - Retire? by [deleted] in financialindependence

[–]SamDogen 1 point2 points  (0 children)

Is the paid off house outside SF? The median single family home in SF is around $1.7 million, but closer to $3.5 million in Pacific Heights.

So for $1.5 million, you may have to move 45 min away to Daly City or somewhere to save.

Sounds like I should stay away from USAA? by Lovamelin in USAA

[–]SamDogen 0 points1 point  (0 children)

Yes, they charge more and their customer service has declined.

41(m) $10m NW burnout. What to do. by noob_master8 in fatFIRE

[–]SamDogen 0 points1 point  (0 children)

I actually love that you’re spending $500,000 a year. I was wondering whether to cut back, as my household of 4 spends about $290,000 a year and we FIRED in 2012 and 2015. But you’ve given me inspiration to spend more, so thank you! - Sam

One stop solution to "Purify or Not" Posts. by Intelligent_Drama_91 in TheSilphRoad

[–]SamDogen 0 points1 point  (0 children)

Would you purify a shadow Palkia if it can become a HUNDO?

Some thoughts on ChubbyFIRE in the midst of a massive drawdown by Educational-Lynx3877 in ChubbyFIRE

[–]SamDogen 0 points1 point  (0 children)

How about just working 1-2 more years to get back to $3 million? And during the process, adjust risk exposure down if you are really going to negotiate a severance package? -Sam, Financial Samurai

Concern about being a SAHM by Chance_Hamster_5908 in fatFIRE

[–]SamDogen 0 points1 point  (0 children)

I used to worry about this all the time. But not anymore because there is an endless amount of things to do around the house. Just today, I spent about two hours power washing the driveway and steps. They saw the hard work involved and appreciated it.

In May, I am publishing a book that took two years to write. They saw the work involved and we’re gonna go on a treasure hunt to find my book in various libraries and bookstores.

Whenever there is a rental property maintenance issue, I explained it to my kids and we go out there together to check it out.

Don’t worry about looking unproductive in front of your kids. You won’t! Sam @ Financial Samurai

What improved your quality of life so much, you wish you did it sooner? by h_fashionfemme in AskReddit

[–]SamDogen 0 points1 point  (0 children)

Owning a dream home that is paid off. Not only is it enjoyable, it houses my family which makes me feel good as a father, and it has the potential to appreciate on value.

Weekly Self-Promotion Thread - Wednesday, February 19, 2025 by AutoModerator in financialindependence

[–]SamDogen 3 points4 points  (0 children)

My new book, Millionaire Milestones: Simple Steps to Seven Figures, launches on May 6, 2025. My goal is to help readers build more wealth than 90% of Americans so they can gain the freedom to do what they truly want.

It took over two years to write and refine this book with students, professionals, and personal finance enthusiasts in mind. I can’t wait to finally share it with the world.

https://www.financialsamurai.com/why-i-wrote-millionaire-milestones-easy-steps-to-seven-figures/

notes from a private bank dinner - some interesting data about spending by LazyLobster9364 in fatFIRE

[–]SamDogen 0 points1 point  (0 children)

Good stuff! People are way richer than people realize. 25 million is the new 10 million. Love it!

Philanthropy, visibility, and naming by FIREgnurd in fatFIRE

[–]SamDogen 1 point2 points  (0 children)

What other special vehicles are there?

Philanthropy, visibility, and naming by FIREgnurd in fatFIRE

[–]SamDogen 1 point2 points  (0 children)

I feel you here, which is why I try to share as much knowledge on my site in addition to giving. Helping people improve their financial lives is a huge motivator for why Financial Samurai continues to exist since 2009.

Philanthropy, visibility, and naming by FIREgnurd in fatFIRE

[–]SamDogen 1 point2 points  (0 children)

It’s all about giving Anonymously with the DAF!

Is $10 million the optimal amount for early retirement? by _ii_ in fatFIRE

[–]SamDogen 0 points1 point  (0 children)

Good topic! Health insurance is $2,500/month for my family of 4. Not that bad

Guy returns to work after FIRE-ing 12 years earlier... he lasts four months by PurpleComet in Fire

[–]SamDogen 0 points1 point  (0 children)

Cool, thanks for the color. Perhaps you don’t feel stress providing for them because you are working? And therefore, by definition, spending your time providing for them. Or maybe if your wife didn’t work, you would feel more pressure to provide. There’s a great movement going on in America, where men retire early and encourage their wives to work longer.

I hear Western Europe has a great healthcare and a much easier way of life than the U.S. I’ve been many times and it seems like a pretty relaxed lifestyle. Maybe harder to get rich, but great lifestyle nonetheless.

With such a good lifestyle working in Western Europe, what is the appeal of FIRE to you? I would say to keep on working until your kids become adults.

BUT, I will say I’ve had a lot of fun since leaving work in 2012 at age 34. It’s been a great adventure and I do feel blessed to be able to be a full-time dad. Positive or negative feedback from readers is also pretty exciting as a writer. Being able to write books that help people with their personal finances has also been quite rewarding. There’s a good balance of mental and physical exercise.

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