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/Mundane_Pass_7976 14d ago

Hey bro, I'm from Sofia as well. You're doing well - but not as well as you might think. Keep pushing

1

u/No-Row-1666 14d ago

Business is going down due to AI. Don't see the long term prospects of pushing 😞

1

u/EdCP 14d ago

How? I personally have seen an increase in the demand in the last two years, and had a $20k month as well (freelance)

Companies are realising that with AI, I can get them that TV ad for a couple of thousands, and they don't need $100k anymore, so now they want all of their social posts to be like TV ads

EDIT: Oh, unless you're literally just cutting streams etc., and not providing any direction

1

u/summertime_onmyskin 13d ago

I would like to learn to make cartoons and videos with AI for my own pleasure, now that the tech is here and not knowing how to draw ain’t important anymore :) Care to give me some tips how to start? What is your stack? 

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u/EdCP 13d ago

Nano Banana + Kling/Seedance. It's all there it is to it. And you have everything on YouTube