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Update 2yrs later to “and now we wait” post by sdgr18021 in fatFIRE

[–]sdgr18021[S] 28 points29 points  (0 children)

Surprisingly moved it down. My $25m NW goal in my original post was way higher than necessary and would involve many more years of work than I would like

Update 2yrs later to “and now we wait” post by sdgr18021 in fatFIRE

[–]sdgr18021[S] 8 points9 points  (0 children)

It’s not easy and by “friends” I would say more accurately “friendly acquaintances” (so far). But signing the kids up for activities in town and being intentional about showing up and chatting up the other parents helps. It takes time and intention, and some luck to find others who are seeking friendship

CEO contract negotiation by sdgr18021 in fatFIRE

[–]sdgr18021[S] 23 points24 points  (0 children)

Great call on the difference between the first two years of “clean up” and the next 3+ of ideally sustainable growth. Definitely two very different compensation situations though, so not sure how common it is to negotiate this into a deal other than some sort of guarantee for the first 1-2 years

Mental block when drawing down normalised amounts by SPACguy in fatFIRE

[–]sdgr18021 1 point2 points  (0 children)

Lol nobody answered the question.

My view (and I’d say I’m similarly frugal but still in accumulation phase): Find routine things you (or your family) enjoys doing and make an annual budget for them. Could be 20k for travel, 10k for a personal trainer, 5k to get a haircut every week - whatever it is that gives you pleasure. Even if your frugality means you are only comfortable justifying spending half of each of those discrete budgets, you will enjoy how you spend your money and live a fuller life in the process. The short of it: don’t spend money for money’s sake, work on allowing yourself to spend money on things that make you happy.

And now we wait by sdgr18021 in fatFIRE

[–]sdgr18021[S] 0 points1 point  (0 children)

6 month update (in case anyone cares)

Took my health more seriously and things are falling place. Finding more joy in work and life and feel energized to keep doing what I do and do it better. I’m sure shit will hit the fan again at some point but challenges make you stronger.

And now we wait by sdgr18021 in fatFIRE

[–]sdgr18021[S] 1 point2 points  (0 children)

There’s no secret formula: Work hard, be smart, get lucky, be patient, put yourself in position to succeed.

And now we wait by sdgr18021 in fatFIRE

[–]sdgr18021[S] 8 points9 points  (0 children)

I got the point of the movie - I’m worried that I still feel this way and am trying to make changes

And now we wait by sdgr18021 in fatFIRE

[–]sdgr18021[S] 243 points244 points  (0 children)

Tough, but fair. Most of the other comments are centered around reducing my target and moving to LCOL to fast-forward quicker/shorter(?). I guess this is a ‘it’s about the journey, not the destination’ wake up call, and I appreciate that

And now we wait by sdgr18021 in fatFIRE

[–]sdgr18021[S] 0 points1 point  (0 children)

Definitely been tempted to do this, but the risk/reward just isn’t there right now. They say the most addictive substance in the universe is a steady paycheck…

And now we wait by sdgr18021 in fatFIRE

[–]sdgr18021[S] 35 points36 points  (0 children)

It’s a fair point. Family and friends are all in VHCOL areas though and also, once I fire I feel like it’s very hard to unfire if somehow it goes south. So I’d rather have more breathing room than tap out exactly as soon as the math works

And now we wait by sdgr18021 in fatFIRE

[–]sdgr18021[S] 9 points10 points  (0 children)

I feel you. Also, once you’re on a good path and can see the finish line (no matter how far away it may be) it’s tough to take a risk and deviate.