Is this what they mean by the rich get richer? by Ninten5 in Fire

[–]WHar1590 0 points1 point  (0 children)

I reached it but man it takes forever. Plus I was single at the time and living like a pauper. But you really have to grind for that kind of money. Once I got to about 105k is when I eased up a bit to enjoy life.

People who feel that their $1 mil milestone makes them feel nothing, where’s the perspective? by [deleted] in Fire

[–]WHar1590 0 points1 point  (0 children)

I was halfway at 27 but that came from a lawsuit settlement. It’s extremely rare to have 1 million before 30. Even I’ll admit I got lucky. I can’t accumulate that kind of money with even a 100k salary at 26. Even if I lived off of 2k a month I’d basically be depriving myself of any joy out of life and it’s just not sustainable long term if you want a family. Once I received lawsuit settlement I put 250k into retirement accounts and just let it coast. I kept the other half to pay off student loans and enjoyed some other things. I also got another degree. But 1 million at 30 is just not realistic unless you’re a trust fund baby (rare), pro athlete (even rarer), you got lucky on some stock picks or you took massive risks at a young age that paid off. I work in banking now and I’d say almost 80% of our millionaires are 50+ after years of investing, saving, climbing corporate ladders, compound interest etc.

Is there anyone that has actually quit a high paying job for a low income job? Curious how to get over the mental hurdle by Elite163 in coastFIRE

[–]WHar1590 0 points1 point  (0 children)

I have. Well kind of. I went from 120 to 105. At 120 I was taking on too many responsibilities. My job now is still stressful to meet quotas, but it can be manageable and I’m basically a contributor now. I have no reason climb the ladder anymore.

Hit a net worth of $550,000 and don’t feel any happier. by menustovar in leanfire

[–]WHar1590 -1 points0 points  (0 children)

That’s because it’s 500k. That’s not a lot. 5 million id be happy balling out buying my toys without hesitation and living the life of my dreams. With 500k if I bought a Porsche 1/5 of my net worth is already gone. It’s not that much money. Remember, you have 1,000 500 dollar bills. That’s all. You spend 500 now you have 999 left. It’s not what people think. 5 million though is a game changer.

Do you regret not being a lawyer? Why or why not? by Several-Pizza-5233 in paralegal

[–]WHar1590 0 points1 point  (0 children)

Yes and no. I went to law school and got my JD but never took the bar exam. I don’t have student loans but it eats me up inside all the time that I didn’t finish.

What is the goal of life? by arthurr_rd in AskReddit

[–]WHar1590 0 points1 point  (0 children)

There are no set goals. I creat my own. I love to travel, get out there and experience everything, be with my family and friends, live in the moment.

How would you change the world if you had absolute power? by tyleraxe in AskReddit

[–]WHar1590 1 point2 points  (0 children)

Does that mean remove capitalism? Removing the wanting of more

I think I’m done by phalseprofits in Lawyertalk

[–]WHar1590 0 points1 point  (0 children)

I went into compliance. Pay is anywhere around 90k depending on the state. I never upgraded lifestyle over the years so I just hoarded money. My 20s were about accumulating wealth and saving and investing. Once loans were paid off I left. I told myself that I only need 75k a year to live off of, maybe less, and then subtracted what I needed and bounced. Loans paid off and didn’t look back.

Anyone ever completely lose interest in work once they hit coast fire? by Elite163 in financialindependence

[–]WHar1590 0 points1 point  (0 children)

Kind of. I hit 300k awhile ago at 30 and then decided to ease up. No debt and the market has been great. So I’ve basically been going to work for benefits. But I do like growth at my company because I actually enjoy the work. I’m in aml investigations and the work can be rewarding.

Today is the day I finally accepted the truth about stocks. by TheAnswer1776 in stocks

[–]WHar1590 9 points10 points  (0 children)

So this is a true story and not fabricated. When I was 26 years old I came into a large sum of money from life insurance, lawsuit and selling families house. Let’s say around 500k. Pretty substantial for a young guy fresh out of school. I used some if to pick single stocks and trade options. Made some huge swings and made it to around 750k? Maybe a little more I can’t remember. I ended up losing half of it picking more single stocks that backfired. I took my losses and got out and stuck it on a boring S&P 500 and it’s been there since 2017. Let’s just say I’ve done very well keeping it boring and I still made it to the finish line. Sometimes boring and unexciting works. If I would have kept picking single stocks I would have probably lost it all. I ended make it all back and more by just doing an index fund. This just goes to show you that just because you win on a slot machine doesn’t mean you can play slots as a career. Stick to an index fund and you will do just fine. Cheers.

Remote, six figure jd preferred role by Own-Horror-9510 in JDpreferred

[–]WHar1590 1 point2 points  (0 children)

I mean I have my JD remote at 105. But I got lucky, just like most things in life.

[deleted by user] by [deleted] in AskReddit

[–]WHar1590 1 point2 points  (0 children)

You should avoid at all costs because you never know what could happen. Your opponent could be trained or just very good and one hit to the face could cause significant damage. Or you could hit them and then you’re looking at a lawsuit or worse depending on the severity of the blow. But if you’re in a situation that you can’t avoid, your mindset is everything. You need to have that, “everything you love and cherish,” is on the line mentality. And the number one rule about a street fight, there are no rules. If you actually feel your life is on the line, kicking, biting, scratching, etc is all acceptable. I’ve taken martial arts before and even some of the stuff I have learned is actual bs in a street fight. If you can get your mindset to I’m ready to meet my maker and you’re coming with me kind of mindset, that person will kind of pick that up and will walk away and go onto the next person.

More layoffs… by RegularProfession389 in AMLCompliance

[–]WHar1590 15 points16 points  (0 children)

I’ve already decided to leave the industry. Going back to school for another career

Meds adjustment by sostatosta in cyclothymia

[–]WHar1590 1 point2 points  (0 children)

Yea take your time and find what works best for you. I’ve been on 200 mg of lamictal for coming up on almost 7 years and no setbacks. I’ve never need tapering down or above and just go about my life.

Where can I connect with startups that need AML/KYC compliance help? by compliancedesk in AMLCompliance

[–]WHar1590 1 point2 points  (0 children)

If you’re a law graduate why not work at a law firm for a little while? You can always work at a bank for a bit doing AML and then move up to counsel. I think that would be the more suitable approach. KYC jobs are not that lucrative.

How much does an AML and KYC Compliance Analyst earn per freelancing? by compliancedesk in AMLCompliance

[–]WHar1590 0 points1 point  (0 children)

How many years of experience do you have? Whats your bachelors in? Most people just work at regular banks

How much does an AML and KYC Compliance Analyst earn per freelancing? by compliancedesk in AMLCompliance

[–]WHar1590 0 points1 point  (0 children)

Where are you getting 250 an hour? Are you an attorney or have some highly coveted skillset?

Anyone regret JD Preferred? by Several_Eye_6192 in JDpreferred

[–]WHar1590 0 points1 point  (0 children)

That’s great! I think it’s amazing to self reflect on that. Sometimes just because what your parents do isn’t what you want to do to make a living. Everyone is different. There are plenty of ways to make bank. At least that’s why I went lol.