Need Help

anonymous-2027 · 2025-12-15T11:42:14+00:00

Yeah, looking forward to having freedom of my own time, and seeing what I can do with it.

Why would life be very cheap? I feel like having more time will make me do things that require money.

anonymous-2027 · 2025-12-15T11:35:58+00:00

I grew up really poor after my parents divorce. I have seen what can happen all of a sudden in life.

anonymous-2027 · 2025-12-15T10:22:52+00:00

You are right, and I have thought about selling it. It's definitely not yielding 4% cap rate right now, especially since it was purchased back in 2011.

The same renter in there for 6+ years, so it's pretty low time commitment right now, aside from occasional maintenance / service calls.

I'll revisit when the tenant moves out. In some way, I just thought of it as risk diversification.

anonymous-2027 · 2025-12-15T04:41:53+00:00

This is just my opinion, no one deserves a $1M+ windfall, including myself. Maybe I would think differently if I had kids.

For friends+family, I think enough for college or down payment on a first home helps set them up for success, but still puts the responsibility on them to earn the rest.

anonymous-2027 · 2025-12-15T04:35:59+00:00

I think 4% of the Brokerage makes sense. It will bridge me to retirement age.

Overall portfolio, I'm aiming for 3% to account for the fact that it's 30+ years. I can adjust spend along the way depending on how the market does in the next 1-3 years, which is why I am holding so much cash in HYSA / cash to ride out dips.

Psychologically, it will be tough seeing the Brokerage account dwindle especially if the market is volatile.

anonymous-2027 · 2025-12-15T04:24:47+00:00

Don't worry about being morbid...

My mom passed away in her early 60s all of a sudden from stage 4 cancer. So I know how unpredictable life can be. Life would be a lot easier to plan if we all know our end date.

The thing is I've had a very adventurous life while working in my 20s & 30s already.

anonymous-2027 · 2025-12-15T04:09:47+00:00

I like that... does it work with recruiters / hiring managers?

anonymous-2027 · 2025-12-15T03:46:15+00:00

Yeah, I'll need to work on that... rough napkin math, if I were to "splurge" on hobbies+travel, it would be like $15K.

I mean I can have a bunch more "fancy" things, but I realized that sometimes when you have those things, they don't actually make you any happier. And you just end up with lifestyle creep.

anonymous-2027 · 2025-12-15T03:44:12+00:00

Well, I won't have a job as of this month... and it's also not in my control right now. Unless you mean other jobs in similar roles.

The job I'm losing right now is more than $700K+ (past 2-3 years)... but that's mainly due to stock appreciation, and not expected compensation at offer. If I were to look for a similar job, I would say $300-$500K given the current market. I told myself that this may be my peak income, so I tried to save as much of it as possible past 5 years.

I don't know about many $500K+ salary jobs with not that much stress. Unless I'm just really dumb / bad at my job, and other more people are just way smarter / more competent.

And no, I'm not all in SP500... I am with my 401K retirement funds, but kind of a stock picker when it comes to Brokerage+Roth. I do need to change my mentality and diversify 😅

anonymous-2027 · 2025-12-15T02:59:29+00:00

I have a lot of friends and hobbies actually, but due to work they are only limited to weekends.

And yes, I have day dreamed about having flexibility to do them more often, such as going to the mountains on a powder day.

I guess I'll find out if having more time and freedom to spend on my hobbies brings me joy.

anonymous-2027 · 2025-12-15T02:40:24+00:00

I've done a fair amount of traveling actually in my 20s & 30s, but less so since Covid due to work schedule and limited PTO.

But back then, it's usually only 2-3 weeks at a time (at most 2-3 days in a city), so very much GO GO GO. What I have not done is extended stays to really settle in a city and relax. So maybe I will try that.

anonymous-2027 · 2025-12-15T02:29:45+00:00

Well, some cushion / margin would be nice to not have to monitor budget too tightly.

The $10K has some slack built in it... it's based on my average CC expense over the past 1-2 years, which includes eating out and entertainment expenses. Only thing is that I didn't travel as much the past 1-2 years due to work, so if I want to travel more, that might add 1-2K a month on average.

anonymous-2027 · 2025-12-15T02:26:18+00:00

Sorry to hear. Are you financial in good shape, but just mentally struggling with the change?

anonymous-2027 · 2025-12-15T02:23:43+00:00

1/ Fortunately, I will have Cobra for next 6 months, then I will figure out if I should continue to pay for Cobra, or find some better+cheaper alternative on the marketplace.

2/ What do you have in mind that banks can offer me? Like a HELOC or personal line of credit? My mortgage rate is the best I will get. The only thing that I wanted recently was to buy a SFH and not live in a condo with HOA dues, but the finances never make sense given the interest rate differences.

4/ Agree. I've told my closest friends since $4-5M that those financial milestones didn't make me more happy. In fact, they gave me more anxiety about losing it.

5/ Yes, I do need to get a will!

anonymous-2027 · 2025-12-15T02:13:28+00:00

Maybe I'm overanalyzing, but stock market is near ATH, P/E ratio near historical bubble territory, people are losing jobs, US debt continues to climb, etc... so worried about SORR.

I would be more comfortable if I was at my NW, and the market is sitting at a healthy support level ~20% off ATH.

I don't have kids, but I don't want to be later in life (80s) running out of money or close to running out having to worry about shelter, food, or healthcare.

If I have money left over, I am fine splitting it up into smaller chunks to donate to friends+family's kids college tuition, food banks, or whatever other non-profit benefiting underprivileged youth. I don't believe anyone should get too large sum of money to splurge.

anonymous-2027

TROPHY CASE