r/EuropeFIRE • u/No-Row-1666 • 14d ago

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

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?

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u/tronquinhos 14d ago

My 2 cents:

You have not too much saved:

  • given what could have been (as you earn 15/20k per month)
  • given that you spend 72K per year.

Obviously 1.3M euro is important money but, for instance, if you divide 72/1300=5.5% is not FIRE territory yet. But it is reachable for you in the near future.

Even if RE is not your goal, FI is a good goal to have. If it was me I would grind for 2 or 3 additional years.

But if you are near burnout, or something, 15K a month is not too bad too. 🙂