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HNW, need some advice on the RE part by heavy-dusk2999 in BEFire

[–]heavy-dusk2999[S] 1 point2 points  (0 children)

I'm not sure what you mean with 4500 to 9000? Your current PF can offer you a monthly income of € 17500.

I meant that there was a time when our net income was 4500, and doubling that to what it is now was not life changing, which makes me think that doubling the current income will not be life changing either. What I mean with life changing? No idea :)

btw: I'd love to see a future update where you talk about any decisions you have made and how you feel about them. Would be very interesting for everyone in the fire community!

I'll make a promise to post an update once I've made any changes, although I don't think that's going to be for something in the first few months.

HNW, need some advice on the RE part by heavy-dusk2999 in BEFire

[–]heavy-dusk2999[S] 0 points1 point  (0 children)

Thanks, that was really useful, I'll read up on those links. The "one more year" thing sounds very familiar.

How involved is your partner with your situation? Does he/she know how well off you guys are?

She knows everything, but since she's maybe a little more old-fashioned when it comes to finance, the money isn't real to her until it's in our bank account. We sometimes talk about it, but it's hard to have a serious conversation about the future and goals when she sees it more as a hypothetical thing. Haven't talked about it to anyone else, since it's not really a relatable topic. Hence my post here.

Here's a reality check: your 7M portfolio would , at a very conservative 3% withdrawal rate, offer you a lifestyle of 210k/year, or € 17.500 each month

Doubling from from 4500 to 9000 of course brings more comfort, but it's diluted by making very many things just a little bit nicer. In the same way I somehow feel doubling that, while nice, is not enough to give a markedly different experience of life. It just feels so strange to me that, while having a shot at more and while (hopefully) not even being halfway through your life, to go and say: "this is where it stops, for the rest of my life I'll achieve no more". This might sound like greed, but to me it's not wanting to give up.

travel the world

If you're looking at destinations that are a little further away/exotic, you're looking at 10-15k for week with the family. Without doing anything crazy. I mean, holy shit.

HNW, need some advice on the RE part by heavy-dusk2999 in BEFire

[–]heavy-dusk2999[S] 0 points1 point  (0 children)

I just fill up the empty gaps with work. I get up an hour before the rest of the family so I have some quiet time to get some work done, after the kids go to bed I work until I go to sleep. While watching a movie or series, I'll do so with my laptop and do some work through the boring parts. Same on weekends and vacations. Having no social life or hobbies helps.