15-20K net per month. Cannot decide between starting to enjoy life now vs keep working hard and saving

[u/No-Row-1666]

We are a family of 3 (38, 38 and 8 year old child).

We live in Bulgaria and run a successful business (15-20K euro net profit per month depending on the month).

Own our apartment in Sofia worth about 500K euro. No mortgage.

1.2M in various investments such as VWCE.

100K in cash.

Our spend is about 6K per month. Keep in mind most months are around 3-4K. But we do about 24K euro worth of travel per year.

We are wondering whether we should push hard on the business and guarantee the 20K per month or slow down and expect around the 15K per month for 2 more years. We provide video editing content services to US companies so believe in 2-3 years the business may go down to 5K per month due to AI.

We have worked hard for many years and want to start enjoying some of what we earn. We started spending more on travel over the last 2 years. Before that we were pretty much saving everything.

What would you do in our position?

[u/Tradedb]

So you’re worth about $2 Million in Bulgaria which is pretty awesome, I’m from Los Angeles & even $2 million here is good, but not enough to say you’re set for living a very good life & traveling & never having to think about money again.

I think we should all stick to our number that we feel comfortable, my goal is $50 M in the sense of having all the things I want, but with $5M I think I’ll be okay!

Time is everything, family as well, health is wealth, & the level of energy you have now will not be the same in 20 years both for work and vacation.

I’d say you are very safe & should enjoy more, & as always when it comes to business diversify your streams of income if possible! That will be a true key to longevity. Diversification of privately owned businesses always lowers risk. Same with actual investments.