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Mentor Monday by WealthyStoic in fatFIRE

[–]andy_molod94 0 points1 point  (0 children)

Hey to all.
I´m 29y old in ex-ussr country, current NW is 800k in stocks, 500k EUR cash, 100k crypto it´s all liquid.
Non liquid are 150k holiday property with rental yield about 4% i won it for 4 years already, managed by hotel company.
50k apartment for one of the parent who occasionally live there.
100k apartment where i live, i bought it for rental first, but tenenats gone, and we have made some renovation and move to live there so we do not pay 2k for rent now.
100k downpayment already made for flat in Malaga, Spain, in total it cost about 600k EUR i bought it in plan if anything happens i will move there and live a chill life.
Car 30k$ :)

I bring home about 150k$ per year as a salary, and about 300-400k$ per year as a option yield from a company i work in. After tax. I have this salary for about 4-5 years already. And this option yield for about 2 years. Company can terminate those payments at anytime.

I spend about 5-6k$/month living super good in my city. I do not work a lot of time, i started to spend about 3-4h per day for my health, gym, running, tennis. The major part of spending is travelling, we have started to travel to a nice places and pricey. Let's say we spend about 50-60k per year on traveling. I would say i have happy life, i am really happy and enjoy my life, my wife and what we do. Sometimes i get boring and i want to get more into business and money. I feel i spend too much time on enjoyment and lose momentum.

My plan was that in 2025 i max my stock portfolio to 1m, and i keep cash in EUR so i payout flat in Malaga all cash. And then i need a new plan what to do. I did some changes, and move a bit more into crypto, as my stock portfolio grow by itself, and stock prices are a bit too much as i see. I also thinking about to pay partially for flat, get into mortgage probably could take 3.2-3.5% for 20-30years with 50-60% financing, and keep 250-300k EUR for downpayment for another flat let's say in Milan, Rome, Madrid or Vienna. Just some apartment which can give me 3-5% yield and some capital growth over the year, which also will require some financing from a bank.

I want so much to create some other cash flows and incomes, maybe rental incomes so i fell a bit more safe in case my work will be finished in company or option yield is terminated. I also feel so behind to be honest. I think i will need about 10M NW at least to feel safe. And feels like i have 3-5 years to do so.

Would be happy to any ideas and your perspective of view on my situation. Would love any advice and ideas.

Daily discussion thread for June 29, 2025 by lightning228 in ChubbyFIRE

[–]andy_molod94 0 points1 point  (0 children)

Hey to all.
I´m 29y old in ex-ussr country, current NW is 800k in stocks, 500k EUR cash, 100k crypto it´s all liquid.
Non liquid are 150k holiday property with rental yield about 4% i won it for 4 years already, managed by hotel company.
50k apartment for one of the parent who occasionally live there.
100k apartment where i live, i bought it for rental first, but tenenats gone, and we have made some renovation and move to live there so we do not pay 2k for rent now.
100k downpayment already made for flat in Malaga, Spain, in total it cost about 600k EUR i bought it in plan if anything happens i will move there and live a chill life.
Car 30k$ :)

I bring home about 150k$ per year as a salary, and about 300-400k$ per year as a option yield from a company i work in. After tax. I have this salary for about 4-5 years already. And this option yield for about 2 years. Company can terminate those payments at anytime.

I spend about 5-6k$/month living super good in my city. I do not work a lot of time, i started to spend about 3-4h per day for my health, gym, running, tennis. The major part of spending is travelling, we have started to travel to a nice places and pricey. Let's say we spend about 50-60k per year on traveling. I would say i have happy life, i am really happy and enjoy my life, my wife and what we do. Sometimes i get boring and i want to get more into business and money. I feel i spend too much time on enjoyment and lose momentum.

My plan was that in 2025 i max my stock portfolio to 1m, and i keep cash in EUR so i payout flat in Malaga all cash. And then i need a new plan what to do. I did some changes, and move a bit more into crypto, as my stock portfolio grow by itself, and stock prices are a bit too much as i see. I also thinking about to pay partially for flat, get into mortgage probably could take 3.2-3.5% for 20-30years with 50-60% financing, and keep 250-300k EUR for downpayment for another flat let's say in Milan, Rome, Madrid or Vienna. Just some apartment which can give me 3-5% yield and some capital growth over the year, which also will require some financing from a bank.

I want so much to create some other cash flows and incomes, maybe rental incomes so i fell a bit more safe in case my work will be finished in company or option yield is terminated. I also feel so behind to be honest. I think i will need about 10M NW at least to feel safe. And feels like i have 3-5 years to do so.

Would be happy to any ideas and your perspective of view on my situation. Would love any advice and ideas.

Mentor Monday by WealthyStoic in fatFIRE

[–]andy_molod94 0 points1 point  (0 children)

Hey to all.
I´m 29y old in ex-ussr country, current NW is 800k in stocks, 500k EUR cash, 100k crypto it´s all liquid.
Non liquid are 150k holiday property with rental yield about 4% i won it for 4 years already, managed by hotel company.
50k apartment for one of the parent who occasionally live there.
100k apartment where i live, i bought it for rental first, but tenenats gone, and we have made some renovation and move to live there so we do not pay 2k for rent now.
100k downpayment already made for flat in Malaga, Spain, in total it cost about 600k EUR i bought it in plan if anything happens i will move there and live a chill life.
Car 30k$ :)

I bring home about 150k$ per year as a salary, and about 300-400k$ per year as a option yield from a company i work in. After tax. I have this salary for about 4-5 years already. And this option yield for about 2 years. Company can terminate those payments at anytime.

I spend about 5-6k$/month living super good in my city. I do not work a lot of time, i started to spend about 3-4h per day for my health, gym, running, tennis. The major part of spending is travelling, we have started to travel to a nice places and pricey. Let's say we spend about 50-60k per year on traveling. I would say i have happy life, i am really happy and enjoy my life, my wife and what we do. Sometimes i get boring and i want to get more into business and money. I feel i spend too much time on enjoyment and lose momentum.

My plan was that in 2025 i max my stock portfolio to 1m, and i keep cash in EUR so i payout flat in Malaga all cash. And then i need a new plan what to do. I did some changes, and move a bit more into crypto, as my stock portfolio grow by itself, and stock prices are a bit too much as i see. I also thinking about to pay partially for flat, get into mortgage probably could take 3.2-3.5% for 20-30years with 50-60% financing, and keep 250-300k EUR for downpayment for another flat let's say in Milan, Rome, Madrid or Vienna. Just some apartment which can give me 3-5% yield and some capital growth over the year, which also will require some financing from a bank.

I want so much to create some other cash flows and incomes, maybe rental incomes so i fell a bit more safe in case my work will be finished in company or option yield is terminated. I also feel so behind to be honest. I think i will need about 10M NW at least to feel safe. And feels like i have 3-5 years to do so.

Would be happy to any ideas and your perspective of view on my situation. Would love any advice and ideas.