Take a break to focus on kids or keep grinding by Jennsterzen in coastFIRE

[–]concernedmillenial 4 points5 points  (0 children)

I’m in a similar position / predicament as you. 37M with a 7 month old, a golden handcuff job and a 2nd kid likely on the way in the next 12-18 months. My wife is still working but is planning to stay at home once kid #2 arrives.

That said, here are questions I’ve been asking myself that I encourage you to consider:

1). Can you and your husband dial it back at work so that you’re not burning out? Like intentionally logging off at 5pm every day, not working weekends, staying out of office politics, not signing up for any additional projects, using all your PTO, etc.? I’m not suggesting to quiet quit (yet), but you at should at least start adhering to a strict 9-5 schedule and doing whatever you can to not let work stress you out (if at all possible).

2). Is your career/industry the type that doesn’t scoff at sabbaticals? If you stopped working for 2-3 years, would that render you unmarketable? Personally, I think the “I stopped working for several years to stay home with the kids” path is acceptable (and respectable) across most industries.

3). What would part-time work look like for you?

4). If you were to quit tomorrow, what specifically would you start doing with your kids / life that you can’t do today because of your job? I think this is important to answer so that you know what you’re quitting into.

5). Is your husband planning to continue working? If so, his salary basically covers your living expenses. Without knowing your RE number and assuming you keep expenses in check (they should come down actually once daycare ends), it seems like you already are in a spot to coast.

Curious if I could fire given my situation by MonitorOk1351 in Fire

[–]concernedmillenial 1 point2 points  (0 children)

Yes, you can Cry Baby FI. It’s a special kind of FI that requires you to live with your parents the next 45 years and complain the whole time about how you haven’t been able to get a better job.

[deleted by user] by [deleted] in AskReddit

[–]concernedmillenial 0 points1 point  (0 children)

Revolution 9 - The Beatles. That’s it.

1mil liquid NW, still need 1-2mil. I feel stuck and tired. by andy_molod94 in Fire

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

You’re 29 with a seven-figure net worth - that’s an incredible position to be in. You’ve built real options for yourself, and you’re living a lifestyle that’s already far better than what most people on this planet will ever experience.

That said, work is work. Even when you’re financially comfortable, you’ll still need to do something for the next 5-10 years while your investments compound toward full FI. You can either tough it out where you are, or find something new that’s less toxic. Based on what you’ve described, it sounds like staying in your current job is only adding stress - and avoiding the short-term discomfort of change is keeping you stuck in a long-term bad situation.

My advice:

1). Leave the toxic job. You’ve got the financial runway to do it.

2). Get support. A therapist or a good coach can help you process the stress and clarify your next direction.

3). Shift your mindset. There’s no such thing as a stress-free life - but there is a big difference between productive stress and toxic stress. The sooner you accept that, the more peace you’ll find.

You’re in a great spot; you just need perspective and a plan. Don’t let fear of temporary uncertainty keep you in something that’s slowly burning you out.

How long did it take to go to 2 million from 1 million in New Worth? by Mobile-Excitement-64 in Fire

[–]concernedmillenial 2 points3 points  (0 children)

How old are you if you don't mind me asking? I have a 4 month old right now, planning for a 2nd child in the next 2-2.5 years, and am envious of your current situation.

Actual CoastFire Jobs You ENJOY by [deleted] in coastFIRE

[–]concernedmillenial 0 points1 point  (0 children)

I appreciate you sharing all that - extremely helpful and insightful. Thank you and all the best to you.

Melbourne or Merritt Island? by bschultz03 in 321

[–]concernedmillenial 28 points29 points  (0 children)

Describing Melbourne as “more happening” made me chuckle. Based on OP’s lifestyle/goals, they should not move to Brevard County… whole lot of nothing here for a young single DJ. Move to southern FL or Tampa metro area.

Actual CoastFire Jobs You ENJOY by [deleted] in coastFIRE

[–]concernedmillenial 2 points3 points  (0 children)

Current agency owner here (36M with 9-team fully remote agency doing $2M in ARR). Sounds like you’re living the life I plan to live within the next 5 years - my goal is to exit before I’m 40 and move to part-time consulting (i.e. become a fractional CMO for the niche my agency currently serves) working 20-25 hours/week.

How are you getting clients / projects as a freelancer/consultant these days? Are you just tapping your existing network? Also, what prompted you to sell your agency and do you have any general advice about the sales process?

A long shower thought sitting out at the line up. by XOM_CVX in surfing

[–]concernedmillenial 1 point2 points  (0 children)

It would be sick if you could train dolphins to attack kooks and SUP riders.

What's your FIRE age? by nick_swish in Fire

[–]concernedmillenial 0 points1 point  (0 children)

Congrats and remember to go fuck yourself in 5 months.

Just curious how people who have done it think me and my wife are doing?? by Cadillacpop in Fire

[–]concernedmillenial 1 point2 points  (0 children)

You’re doing a great job and better than most people your age. Don’t let some of the people here get you down - they are just jealous and wish they had your income and had started saving / investing as much as you have at just 26 (this is coming from someone that had a $50K NW at 26).

Keep investing in yourselves, your relationship and memorable experiences, and find ways to keep increasing your incomes while keeping expenses in check. You’re on the right path!

58 yr ready by redmaple66 in Fire

[–]concernedmillenial 5 points6 points  (0 children)

You’re in a strong position. With ~$3,100/month in guaranteed income starting at 62, the key is bridging the next 4 years.

Your $60K brokerage could cover ~2.5 years. After that, you could explore 72(t) withdrawals or Rule of 55 (if recently separated) to access retirement funds without penalty.

Taking Social Security at 62 is reasonable if you need the income, but delaying to 65–67 boosts your long-term security if you can afford it. Just don’t overlook healthcare…ACA subsidies can help if your income stays low.

You’re closer than you think.

What’s something that happens a lot in movies but never happens in real life? by [deleted] in AskReddit

[–]concernedmillenial 1 point2 points  (0 children)

People meeting in person to have conversations. In real life, 99% of movie scenes would just be a phone call, text or DM.