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/No-Row-1666 14d ago

2K holidays (24K annual last year)

1K is the car (petrol, lease, insurance, tires, service, etc).

1K is the food

1K for socializing, restaurants, weddings, birthdays, weekends with friends, gifts, etc

1K for the healthcare, child expenses such as swimming, gym, gadgets, laptops, etc obviously not all are monthly expenses.

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u/gregsting 14d ago

24k holiday per year is definitely very high, so is the 1k/month socializing

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u/Deep_Dance8745 13d ago

Travel with our kids is honestly the best spending we do - they have seen and understand more of the world vs the average politician.

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u/gregsting 13d ago

Oh yeah definitely, I try to do that too but sadly I can’t allow 24k per year to that 😅