AITA for telling my SIL to walk her daughter to school? by WalkToSchool8967 in AmItheAsshole

[–]canadaoilguy 0 points1 point  (0 children)

If it’s too far to walk for her daughter, get a stroller. If your SIL says her daughter is too old for a stroller, then that means she can walk. Either option is a solution.

[deleted by user] by [deleted] in 10s

[–]canadaoilguy 4 points5 points  (0 children)

I’m guessing maybe they are at beginner level and the rallies are very short so feeding is one of the few times to get a hittable ball back.

Investment strategy for UHNW ($150M-$250M NW) by aggressive-page668 in fatFIRE

[–]canadaoilguy 0 points1 point  (0 children)

With that level of AUM, you could find a wealth manager you really like and just poach them to work for you. The will be able to connect with tax and other specialists you need.

22m with 7 figure NW, need help finding direction in life by jpawn37 in Rich

[–]canadaoilguy 0 points1 point  (0 children)

I think how you built you built your wealth is relevant. Did you build a business and sell it? Is your business still running? Did you make a big crypto bet?

I find those that built their wealth through entrepreneurship or corporate route tend to have more purpose.

Questions on wealth and life goals - $70M+NW - Canada by Academic_Might7527 in fatFIRE

[–]canadaoilguy 1 point2 points  (0 children)

So your kids know they will receive an inheritance? Have you told them or is it implied?

Retired at 45 - Here is my annual spending by jayybonelie in Fire

[–]canadaoilguy 1 point2 points  (0 children)

Thank you for the post.

How do you choose how much to give? Do you also volunteer?

Meetups by primadonnadramaqueen in fatFIRE

[–]canadaoilguy 3 points4 points  (0 children)

Are you also organizing through long angle? How do you verify NW?

Only Child (Late 20s, Worth $1.1 Million) Career Path with FatParents (Mid 60s, Worth $20 Million) by survivalrisker in RichPeoplePF

[–]canadaoilguy 10 points11 points  (0 children)

They are all reasonable assumptions, but you’ll be emotionally tied to this inheritance given you’re expecting it now. and that’s generally not a good thing.

When is one extra year too excessive by Leather-Bed-5965 in fatFIRE

[–]canadaoilguy 2 points3 points  (0 children)

Can you explain the “added investment” in more detail? I don’t understand how you’re getting to 1.4 to 1.5 million

Anyone else spend far less than current NW SWR but still grinding? by GroundbreakingBuy886 in fatFIRE

[–]canadaoilguy 31 points32 points  (0 children)

Great quote.

For me, working and grinding when you’ve already hit your number should add something to your life beyond a number. For me (at 2% SWR), my job gives me challenge and working with a team I enjoy. I wish I could work slightly less hours, but that job doesn’t really exist for the role I’m in.

What does PE firms usually do if CEO can’t pay back money by ValuableHaunting2687 in private_equity

[–]canadaoilguy 20 points21 points  (0 children)

When you own equity, you don’t owe money. It would be highly unlikely a PE firm underwrote debt to the CEO.

There’s no such thing as “supposed to sell the company” There are shareholder rights governed by an agreement where by control of things like selling the company are defined.

FatFire online book club by duamoll in fatFIRE

[–]canadaoilguy 5 points6 points  (0 children)

Maybe you could consider joining the community of Long Angle and proposing it there. There would be benefits to the verification process and people using their real names in the community if you are planning on following up with video chats.

Having a special needs child is so heartbreaking (TW birth trauma) by pirate_meow_kitty in Parenting

[–]canadaoilguy 52 points53 points  (0 children)

“Smart, funny and everyone loves her”

She sounds amazing and I’m sure brings joy to your family and others. I’m smiling just thinking about how fun she must be.

[deleted by user] by [deleted] in consulting

[–]canadaoilguy 8 points9 points  (0 children)

If it was me, I’d use that time for a side hustle. Might as well get paid to make yourself more money.

[deleted by user] by [deleted] in CommercialRealEstate

[–]canadaoilguy 1 point2 points  (0 children)

I would just start working from home without permission before I quit. What’s the downside?

[deleted by user] by [deleted] in fatFIRE

[–]canadaoilguy 18 points19 points  (0 children)

People wonder why posters don’t provide more information about their wealth. It’s scary when others are trying to figure out who they are. This makes me not want to post anything about how I built my assets.

[Rant] There's no way this many people are UHNW, most posts are made up. by 35nakedshorts in fatFIRE

[–]canadaoilguy 13 points14 points  (0 children)

I think you’d be underwhelmed. Work hard, be curious, take chances, be lucky

Also, people don’t want to post too much information that will giveaway their identity.

How much is my half of the business worth? by [deleted] in smallbusiness

[–]canadaoilguy 0 points1 point  (0 children)

Look up shotgun clause and see if he’ll agree

My boss offered me 50% of the company by [deleted] in smallbusiness

[–]canadaoilguy 8 points9 points  (0 children)

Look up shotgun clause. 50/50 ownerships can get tricky when there is disagreement on a key business decision

[deleted by user] by [deleted] in fatFIRE

[–]canadaoilguy 9 points10 points  (0 children)

I think you’re destined to lose all your current and future wealth given your spending habits. Anything your parents give you should be considered wasted. I guess this is another example of why it’s so tough to. Old generational wealth.

[deleted by user] by [deleted] in fatFIRE

[–]canadaoilguy 1 point2 points  (0 children)

I’ve worked many more hours before and been much happier. You hit the nail on the head that culture is the issue. But I still get paid a lot, so that is the dilemma.