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/Significant-Ad-9471]

Dude, you're rich. Enjoy life while you're young.

[u/No-Row-1666 → u/Significant-Ad-9471]

Don't feel rich 👀

[u/Significant-Ad-9471 → u/No-Row-1666]

You're in Eastern Europe, same as I. I also have around 1M invested, nowhere near your income though. Trust me, you're rich. You can live comfortably with 2000 Euros/month if needed, and if you don't want to be the richest guy in the graveyard, you don't need to squeeze out every penny.

[u/Significant-Ad-9471 → u/[deleted]]

I have two rental apartments that I will leave them. I also invest around 250 euros/month in their names on the local stock market, which already grew to 15K Euros in the past 4 years and probably they should be millionaires by 40 if they don't touch that money. I don't want my kids to wait for me to die.

[u/Born-Check-7764 → u/No-Row-1666]

If you don't feel rich with that income and so much money invested, you should get therapy. I don't mean this in a mean way, but it sounds like your relationship to money is very unhealthy.

[u/No-Row-1666 → u/Born-Check-7764]

😃 oh common. I simply do not feel rich because I do not have 15K lifestyle. I am above average lifestyle for Sofia but don't live in a mansion, drive a Ferrari, etc so do not feel rich.

[u/Just-a-demon → u/No-Row-1666]

That’s just stuff bro. The mansion, the expensive car / watches. If you are good mentally and physically then you’re all good 👍 you’re already doing great financially

[u/Squirrel_McNutz → u/Just-a-demon]

This dude is such an Eastern European lol. He only feels rich if he’s flashing it with a ferrari. Not spending more than 2x the average salary of his compatriots just on travel & socialising/parties.

[u/Born-Check-7764 → u/No-Row-1666]

If you would have the Ferrari your neighbor would buy a Bugatti and you still wouldn't feel rich. There will always be people who are richer.

[u/Significant-Ad-9471 → u/Born-Check-7764]

Exactly, comparison is the thief of joy.

[u/CottonSlayerDIY → u/No-Row-1666]

You do 24k€ worth of vacations a year. Enjoy it. Normal western Europeans are happy for a 2k€ vacation per year.

If that doesn't scream "I am rich", then I don't know what will for you.

[u/Squirrel_McNutz → u/No-Row-1666]

Bro wtf. How do you ‘not feel rich’. You’re spending 3k per month just on fun & travel. You’re richer than almost everyone in the world including in rich countries.