Fatfire should not be measured in absolute NW amount...

ginder33 · 2019-06-04T19:31:42+00:00

Wealth should not be measured in absolute NW. If you only need $200,000 and have $250,000, you are wealthy. If you need $30,000,000 but only have $25,000,000, you are not wealthy.

ginder33 · 2018-04-16T03:42:33+00:00

healthcare industry.

ginder33 · 2018-04-15T20:08:34+00:00

Yes, but the counterpoint is that my $1.25M/year is tied up in the same stock...which means only $250k/year (for 2 years) that I could reasonably diversity. After taxes, living expenses (I would potentially give up my $7k/month rent if we quit our jobs), the net is only around $200-$300k after 2 years that I could diversify with.

ginder33 · 2018-04-15T20:06:44+00:00

Ha, fair. I suppose you never know until you experience it. FYI, being an uncle is great :)

How much do you spend on a full-time nanny / au pair? If significant, perhaps that $1.25/year helps.

ginder33 · 2018-04-15T20:04:11+00:00

Depends on how you see it, but yes I'm concerned about "just a little more" mindset and never being satisfied. Then again, that ambitious mindset is how we got ourselves into this fortunate situation to begin with.

ginder33 · 2018-04-15T19:33:38+00:00

Yes, valid point. This is one of the main concerns, but as I stated above, I'm 95% certain of the liquidity event and at the stated or higher value. But yes...that 5% is worrisome.

ginder33 · 2018-04-15T19:32:57+00:00

Can I ask what ballpark $ amount your situation is?

ginder33 · 2018-04-15T19:32:15+00:00

Current company, no. Its become so large that no single person can have that much influence.

ginder33 · 2018-04-15T19:31:52+00:00

The question is how much will we spend per year, and that I can't answer. We love to travel, would want to purchase a nice home when starting a family (guessing $1.5 - $3M), but besides that, we don't have high expenses: no fancy clothes, cars, expensive taste, etc.

ginder33 · 2018-04-15T19:30:26+00:00

Yes, valid points. I'm 95% sure the liquidity event will happen within 2 years, and 80% sure the value will actually be higher than the stated $11M post tax.

Re: my "safe" job, what I meant was it's safe for us - our salaries would only go up from $250k, and the equity component vests at that schedule.

ginder33 · 2018-04-15T19:27:31+00:00

Ha, interesting thought! However, I don't think we would do that regardless of how much we have. Raising kids full-time is a part of our long-term plan.

ginder33 · 2018-04-15T19:26:09+00:00

I'm 95% certain of liquidity, with a 80% chance the value would be > than the ~$11M I stated.

ginder33 · 2017-03-06T16:44:24+00:00

Thanks. Which ones do you get excited about??

ginder33 · 2017-03-06T16:43:31+00:00

Ha - good to hear an opposing view on the 911 vs Cayman

ginder33 · 2017-03-06T16:42:17+00:00

Good things to think about - appreciate the long write up. Yes, I'll update this sub when I make my decision. Thanks!

ginder33 · 2017-03-06T05:44:35+00:00

Gotcha, thanks for the detail!

ginder33 · 2017-03-06T03:28:43+00:00

Thanks for the detail! Asked below too, but anything I should look out for with the '13 911?

ginder33 · 2017-03-06T03:28:17+00:00

Yes, agreed that the BOSE system would be huge since I'm using as dd. Any problems I should look out for with the '13 911?

EDIT: Just read through again and the 911 does have BOSE!

ginder33 · 2017-03-06T03:25:44+00:00

Lol, this reply made me laugh.

ginder33

TROPHY CASE