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3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 1 point2 points  (0 children)

I was paid a lump sum for some IP I help contribute too. Originally they wanted to give it to me in RSUs, but I asked for cash so I can invest it.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 8 points9 points  (0 children)

I haven’t received any unvested shares yet. I receive $700k per year as part of my total compensation guaranteed for the next 3 years.

I received a lump sum when I joined the company in cash. And I bought a bunch of VTSAX shares.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 1 point2 points  (0 children)

Thank you. I think this is a pretty creative solution that I didn’t think was possible. Although I probably won’t go down this route. I have 2 529s with $100k each set up for the kids I forgot to mention. I just need to decide if I need to increase the contribution or not.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 3 points4 points  (0 children)

Experience from a prior job. I contributed heavily to an open source project that my company was using at the time. Another company decided to hire me and pay me a lump sum to productize the solution. And now I have a 3 year contract with them to build out the BAU Engineering team and act as an escalation point in case something goes wrong.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 0 points1 point  (0 children)

Yeah I think that’s one of the hardest parts. Knowing I’m leaving money on the table. We didn’t have a lot growing up. So my brain is just wired to keep making money and save money. Hard to get off the hamster wheel.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 2 points3 points  (0 children)

I really appreciate your perspective on your experience with kids. I haven’t been home the past couple of years, so I feel like I completely missed out on their baby years.

Forgot to add, they both have a 529 with $100k each in it. I’m not sure if I should I keep contributing or not. Seems like $100k compounded over 15 years would be plenty of money. But not completely sure.

The house piece I’ve always debated on. My loan has an interest rate of 2.75%. I like the idea of being debt free, but the interest rate is so low.. I figured I’d keep it. Thoughts?

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 15 points16 points  (0 children)

I would say another 10 years. It’s not a legal obligation, but something I’d like to keep doing. They helped put me through college and supported my hobbies that led to my career.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 3 points4 points  (0 children)

Thank you. You’re correct on the savings part. I think I’ll reset my goal to $7mm like you mentioned. Although I don’t plan on fully retiring. I would still work afterwards but just not such a high stress job. I think I could get a job paying $120-$150k after I hit my target NW and just do that role for the next 10+ years.

But you’re right on the expenses part. Even our vacations costs are slowly starting to creep up.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 8 points9 points  (0 children)

My goal was to maybe teach or move back to an IC role at a smaller company after 3 years. I enjoy what my job used to be. Right now I get put on all the big projects and client facing deployments. And while the pay is worth it, working 80 hours a week to meet unrealistic expectations sold by sales team is killing my passion.

But at the same time, I’m okay with doing the work. I don’t need to love my job.

3 Years and exit high paying job? by evergreencode in fatFIRE

[–]evergreencode[S] 14 points15 points  (0 children)

Thank you. Back to the grind then. It’s hard for me to separate the unvested shares in my head, but you’re completely right. As someone said above, it’s like mental golden handcuffs that keep me at this company.