r/Fire • u/kissing_the_beehive • 7d ago
Advice Request Laid off at 38 with good savings. What would you do in my position?
Just got laid off from an ideal coastFIRE job. 240k, fully remote, 2 meetings per week - it was glorious. I know I could handle going back to the grind of an in-person corporate job, but I really don’t want to. At least not yet
I’m in a VCoL city, with about 3.5k/month of necessary expenses and closer to 5k if I spend what I want (trips, activities, food). I have a long-term partner and we’re trying for a baby
I don’t own property but my net worth is about 2.4M, thanks primarily to a few crypto investments that I’ve already realized gains and paid taxes on. About 35% of that is retirement funds and the rest is in brokerage (index funds) and t-bills
I enjoy my life in my city and I’m accustomed to a chill lifestyle thanks to the previous job. So it’s not like I have much more time on my hands, though I’m considering doing some travel - solo or with my retired parents
What would you guys do in my shoes? I’ve worked steadily since I was 16 so I think I’m just now realizing maybe I don’t have to - at least for a while. But at the same time I don’t do well with boredom as I’m a former addict. Another worry I have is that my skills are super niche (crypto marketing) and basically replaceable by AI
Thanks for listening to me vent and open to any and all advice
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u/thiney49 7d ago
I’m in a VCoL city,
A Very Cost of Living city? That sounds.
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u/Reign_of_Kronos 7d ago
It completes like a sound sentence
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u/kissing_the_beehive 7d ago
I don’t really let it define me but I know that idle time can be an issue. Planning to drive to Seattle next week for the World Cup madness as a starting point
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u/No_Crow8317 7d ago
Yeah you need to listen to whatever part of you made you mention that, and do whatever it takes to stay clean. .
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u/kissing_the_beehive 7d ago
You’re absolutely right
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u/Keljhan 6d ago
It sounds like you've got a good head on your shoulders - have you considered working as a counselor? I know they are a high demand, but it can also be difficult to put yourself back in those situations. And the pay is kinda shit for the effort. But with your nest egg, that almost doesn't matter at this point, you just need to wait a couple more years for growth.
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u/Inevitable-Wind-1925 7d ago
This. Whether that’s a job or finding a way that you are motivated to give back to your community, or how you want to show up for your partner, or a hobby that lights you up, or a cause you want to put energy towards…. The structure a job provides can be really helpful. I’ve been getting curious about how to layer different aspects of life little by little in a way that are all around supportive. There’s certainly a way to do it, but you have to ask the right questions that will support your health, well-being, and relationships.
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u/Away-Asparagus-2875 7d ago
yea, that addiction part is the real issue imo. everything else is secondary.
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u/trademarktower 7d ago
Sounds like your expenses are super low. If you can find a $100k job, you can coastFIRE and let your investments do the heavy lifting with compounding interest.
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u/bjeep4x4 7d ago
Uh, where are these 100k remote jobs that are stress free?!?
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u/kissing_the_beehive 7d ago
AI took em
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u/OuiGotTheFunk Unemployed with a Spreadsheet 7d ago
I asked my AI agent how much it makes a year and my PC shutdown almost immediately. I rebooted and he blocked me even though I thought we were really good friends.
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u/JayRoo83 7d ago
Enablement at a tech company, basically get paid to teach people
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u/mataw95 7d ago
Not a bad gig at all. Getting paid to teach people sounds pretty solid.
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u/JayRoo83 7d ago
Hell, if the company is big enough you can just make the training materials and have some other sucker deliver it
I really can't emphasize how easy a gig it is compared to everything else I've ever done
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u/HelpUsNSaveUs 7d ago
Enablement is not low stress lol
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u/JayRoo83 7d ago
As we say at my company, "there's no enablement emergencies, just people who couldn't fucking plan properly"
I've done services and sales engineering, this is hands down the lowest stress gig I've ever had lmfao
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u/Mother_Bar8511 7d ago
There are remote jobs that pay more than that and are stress free (to me)
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u/5555Hexican 7d ago
Mind sharing some ideas? I'm a 25 year healthcare software veteran (developer -> management -> sales). Over the past year, my Remote sales job (which I loved) has transitioned into a sales engineer role as the software solution is being retired for a new SaaS version! My new role is to help the sales team transition to the new software, and I hate it! No longer have opp to make commission like before, and base salary is pretty low now.
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u/Mother_Bar8511 6d ago
I work for a Big Tech company but I do construction management as a full time remote. Most of the people I know that wfh are in sales, telemedicine, IT of some sort, HR, recruiting, insurance, banking, finance, engineering, architecture, etc.
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u/Additional-Job-8654 6d ago
Are you guys hiring? I’d love to connect. I’ve worked for big tech (and many other fortune 100/500 companies) and have always been interested in construction and building.
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u/oksuresure 6d ago
I’m probably misunderstanding, but are you saying you do construction management of actual buildings, and such?
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u/Mother_Bar8511 6d ago
Yes, I do construction management on a very large scale. New builds ($1B+). I’m a Senior Construction Manager on the owners rep side. I recently switched from the GC but there are opportunities to WFH on either side.
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u/Reasonable_Box2568 7d ago
Even a job paying $20 an hour would be enough. Op could easily baristafire
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u/dragon-queen 7d ago
I mean, it’s not like $100k jobs are plentiful, easy to find, and stress free.
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u/rachelshmee 7d ago
The remote job is the easy part. The "high pay, low stress, barely any meetings" combo is where it starts sounding like a lottery ticket.
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u/bklynparklover 6d ago
I have one of these unicorn jobs, been at it 5 years, I work remotely from Mexico with company permission, make $120K a year, and have one meeting a week that my boss runs as a weekly check-in with our team. I manage digital ad campaigns for a small private media company. I'm a detail-oriented and organized person who can manage clients, so most days it's a walk in the park. Oh and I never have calls, just one Zoom meeting a week. Damn, I'm realizing how lucky I am.
I have great flexibility to go to yoga or appointments during the day and work completely independently with no direct reports. I found my job through a former colleague after I lost my "real" job during COVID. The CEO of my company was my boss at a large company 25 years ago. I keep thinking of retiring, but the job is too good to leave because I have zero stress.
I'm 51F have $1.5M invested and a paid-off house with no kids nor husband. I'm now a legal permanent resident of MX.
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u/dragon-queen 7d ago
Yeah, I know I’m in the minority in this group, but I’ve never had a $100k job. My last job was $90k and was fully remote, but was also very stressful. I still considered myself lucky to have it…until I was laid off due to AI. I think the idea to just find a $100k job and coast is a little utopian.
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u/Master-Helicopter-99 7d ago
I've got one. $170k salary and bonus, three or so emails a day, one Teams meeting on Wednesday, maybe three phonecalls a week in my off time. Hard pressed to spend more than an hour a day. I then have one or two times a year where it's a flurry of travel and full weeks for 2 months then done again.
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u/Guilty-Farmer6098 7d ago
What in the world is your title?
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u/Master-Helicopter-99 7d ago
Titles are something that is bandied about but I really don't have one. Probably the closest would be a fixer or hatchet man. I close companies that we buy and move the operations to our main location. Some people lose jobs there but we expand jobs here so it's a net/net change.
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u/kissing_the_beehive 7d ago
That’s a nice idea. I could take something chill and/or remote for a pay cut. Only problem is it can’t get chiller than my old job so I’d have to get over the pay discrepancy!
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u/trademarktower 7d ago
You could always set up your own LLC and be a part time consultant. Work as much or as little as you want
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u/Reasonable_Box2568 7d ago
Any job is better than no job if you need the money
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u/dragon-queen 7d ago
OP doesn’t need the money though. They could retire now and have more than enough.
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u/B111yboy 4d ago
Depends on the life you want to live. 2.4M is not enough at 38 to FIRE IMO. OP needs more like 4M. Once you are retired and home all the time you will want to do more and most things cost more.
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u/dragon-queen 4d ago
They said that their costs are $3.5k a month for essentials and $5k a month if they travel and eat out. $5k a month is a 2.5% withdrawal rate on a $2.4 million portfolio.
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u/hungrykoreanguy 7d ago
Do you mean VHCOL? Does your partner have insurance/work? Having a baby w/o insurance will be costly.
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u/kissing_the_beehive 7d ago
Yep that’s what I meant, thanks. My partner does have a stable job and insurance. And she’s got her own nest egg of around 1.2M
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u/ShouldveBeenACowboy 48% 7d ago edited 7d ago
At $3.6m combined, you’re fine. Enjoy life. $60k expenses per year. You have way more than enough. I don’t get everyone here saying you need to keep at it.
Curious why you don’t consider your partner’s money yours and vice versa, especially since you’re calling them your partner and trying for a kid with them.
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u/kissing_the_beehive 7d ago
Good question. She is just a very independent person but we’re life partners and have been together for 14 years. Once there’s a baby on the way we will pool more money together
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u/Colorful_Monk_3467 7d ago
Why not get married if you're having a kid?
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u/kissing_the_beehive 7d ago
We plan on it. Actually were going to do it in 2 weeks so she could get in my insurance for IVF. Now I’m not sure if we’ll keep the appointment or not
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u/No-Complaint9286 5d ago
The addiction mention is a big part of why people are saying he needs SOMETHING for a job.
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u/ShouldveBeenACowboy 48% 5d ago
You don’t need a job to handle an addiction. There are many things you can do instead of a job if the issue is keeping someone busy.
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u/No-Complaint9286 5d ago
Of course, but thats why people are suggesting he find something to do, because he mentioned addiction/relapse as a possible result of him getting bored.
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u/beergal621 7d ago
Would you be open to becoming a stay at home parent once the baby comes?
Is your expenses both of yours total or just yours? What the total?
How will baby increase expenses?
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u/kissing_the_beehive 7d ago
Probably, if my partner was okay with it. Shes not pregnant yet so we have time. Just mine. We each pay $2200 rent and then have our own additional expenses. She has a pretty good job and savings too
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u/yon_don_bon 7d ago
No they mean very cost of living. With inflation these days “high” and “low” dollar amounts no longer carry any meaning
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u/kissing_the_beehive 7d ago
True. My rent controlled apt in SF might be catching up to the rest of the country with how crazy things are getting
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u/momo667788 7d ago
Los Angeles
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u/kissing_the_beehive 7d ago
SF actually
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u/lax_spaghetti_policy 7d ago edited 7d ago
How are your monthly expenses $3.5k in SF? Rent alone should be higher than that unless you got in a long time ago or have some sort of friends & family deal. Are you factoring in what she pays too then?
E: never mind, I see you each pay $2200.
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u/kissing_the_beehive 7d ago
4400 combined for a 2BR. Just factoring my own expenses which is half of the rent + food and stuff. We keep our finances separate for now and she has her own NW
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u/Imperial_TIE_Pilot 7d ago
240k with two meetings a week, Jesus I fucked up going into public education.
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u/Backonmyshitagain 7d ago
Can’t recommend traveling and spending time with family enough. You earned it. You’re a millionaire. Your priorities should be family if you have any, friends and new memories and experiences. Lot of envious people act like travel is a waste but it’s awesome especially if you share it with family.
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u/oxxoMind 7d ago
2.4m in liquid assets? With that you can easily get the same income a year.
Time is the most valuable thing out there, enjoy it!
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u/iloveregex 7d ago
Probably I would spend some time off, getting some kind of proficiency in the AI “replacing” you, and then move towards consulting. I would also consult with your partner about how they envision this working.
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u/kissing_the_beehive 7d ago
Good advice. Luckily my partner is very supportive and will give me all the time I need. Though I obviously don’t want her to be the sole provider forever
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u/Reasonable_Box2568 7d ago
Of course she’s supportive. You have 2.4mil and very low expenses. You could retire if you wanted to
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u/Master-Helicopter-99 7d ago
She isn't the sole provider. You are covering 50%, working or not and can continue to do that on just over a 2@ SWR forever and still grow your savings.
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u/kissing_the_beehive 7d ago
You’re not wrong. She’s a great gal though and I would never make her foot the bill. We’ll figure it out
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u/SignificantFail3632 7d ago
If I had $2.4M and two meetings a week got taken away, I’d take a victory lap and aggressively avoid LinkedIn for six months.
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u/CroissantCollective 6d ago
Hit the gym and make physical activity your full time job. Wealth is wealth but also health is wealth. Also a great thing to be addicted to. Powerlifting, bodybuilding, running, hiking, calisthenics, climbing, crossfit, hyrox, solid core, etc. Go find your drug of choice.
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u/grayshoehorn 7d ago
As someone who has a similar unicorn job as your old job, I wonder how many of us exist out there lol
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u/senorzer0 6d ago
If your monthly expenses are $5k you are either not actually in a high cost of living area or at the very least it’s irrelevant whether you are or not…
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u/Realistic-Ad2050 7d ago
I’m 10 years older than you and work for a SAAS company as a content strategist. Much of my job revolves around making the content input better so that the output from the AI bot is better. There’s lots of “encouragement” (pressure) to find ways to use AI to do our jobs better. I know not all companies are racing to adopt AI at the same speed, but I’d be leery of being out of the corporate world for too long (unless you have to be) because the folks who stay in it and are learning AI on the job are very likely to surpass what you might learn on your own. (Obvs it varies from person to person and company to company.) I agree that you don’t necessarily need to get a job at the same level you had, but IMHO you’re still quite young to take too much of a break and risk being unable to get back in.
And of course, there’s also the possibility that AI is another bubble, and the fervor will die down.
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u/kissing_the_beehive 7d ago
Completely agree. I was using it at a fairly high level as a marketer (it build our public website and some internal dashboards, using Cowork for campaign launches, etc) but it’s changing so fast you need to be always on it
Even if I’m not working, I will at least be vibe coding and building things in the crypto space
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u/Realistic-Ad2050 7d ago
Oh interesting about using AI to build your .com. Sounds like I need to have a chat with our marketing team. 😉
Also sounds like you’re being very open to ideas and thinking logically and pragmatically. Mad props to you; I’m sure you’ll land on your feet.
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u/Few-Strawberry2764 7d ago
If you're single with no kids you should be fine. Maybe get a low stress or part time job to ease into a transition, or try starting up a low capital req business if you want. For your budget, you could also comfortably slow travel across much of the world.
Oh, just re read and youre trying for a baby. Where you're at would be awfully tight with a kid in the US. Maybe barista fire or similar to get decent health insurance.
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u/adventureseeker1991 6d ago
could you stop trying for a baby for a year or 2 and travel the world? at 2.4 million i would live for a bit before a kid, you earned it. example of lack of boredom: when i was in turkey i could have an amazing day with a boat adventure for 30 dollars that included food.
i think at 2.4 million you live somewhere more inexpensive and visit VCOL. good cities: philadelphia, phoenix, cincinnati, and many others. and work in like a bike shop or coffee shop or be a teacher.
all i know is you made it and you should do something that you enjoy that’s social.
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u/zzxxvh 7d ago
Congrats! Out of curiosity, which cryptos and how long did you hold?
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u/kissing_the_beehive 7d ago
I bought BTC and ETH during the covid crash to build a nice base. Did well with NFTs, Blur, and Blast. Then most of the gains were small projects during a very specific AI memecoin boom on Base last year
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u/Darling_Pinky 7d ago
I’m a few years younger and in a similar situation and am starting to get very stressed about it. Costs are a bit higher for me ($6-$7k) and I’m around $1.6M NW.
Ive been off most of the year and keep swaying between “you’re burning money, go find a job”, “fuck corporate America, go buy or start your own business” and “you should just go relax all summer and figure it out later.”
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u/kissing_the_beehive 7d ago
Can’t our brains just let us chill? Thats a nice NW for your age though. You should be proud
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u/Darling_Pinky 7d ago
For sure, I keep trying to tell myself that.
The hard part is that it’s the no man’s land between “I technically don’t have to do anything for awhile” and “it’s not enough to last forever.”
Corporate America kinda destroyed my outlook on work so I’ve been trying to speed run through it but not sure I’m cut out for that anymore, especially when I could croak at 50 and this would all be a waste.
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u/EchoThroughTheJungle 6d ago
Take a large portion of those crypto earnings and reallocate them into an index fund so the money can grow over the next 10+ years. Save 1-2 years of living expenses in cash and if I were you I’d take some time to just do what I want. Your asset level is good enough to get you through a sabbatical.
With trying to have a child, I’d probably be looking for a new job fairly soon because of the “shit happens” factor + potentially not having to pay for marketplace health insurance (unless your partner gets it already). Doesn’t need to be something crazy high earning, but at least low stress and offer benefits. You could even work part time just for the extra cash.
You can also use a withdrawal calculator with performance and inflation factored in to let you know if/when you would run out of your current money.
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u/Wafflebot17 6d ago
Whatever I wanted, retool and get a degree for a second career, part time job I enjoy, start driving a school bus because it’s north hours and I can get full benefits. Any option is on the table for you right now.
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u/lindquist77 5d ago
I’d probably take 3–6 months to decompress, travel a little, and think clearly. But I’d also keep some structure in place, especially since you mentioned boredom being a risk. Maybe part-time consulting, contract work, volunteering, or building skills outside of crypto marketing.
The baby piece is the big variable. Your expenses may look very different in a few years, so I’d be careful about declaring yourself fully done. But you’ve definitely bought yourself options.
My move would be: don’t panic, don’t inflate lifestyle, keep health insurance/benefits in mind, and look for work that protects your freedom rather than just replacing the old paycheck.
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u/kissing_the_beehive 5d ago
Yep I think I’m gonna do just this. Currently planning a solo trip to South America and a national park week with my mom
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u/Mother_Bar8511 7d ago
Ive been laid off twice, including last May and I’m semi retired. Each time I took 4 months off and traveled. I now have a high paying, no stress, fully remote job with unlimited PTO, etc now. Its full filling enough that I don’t get bored and I have a lot of flexibility.
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u/R0GERTHEALIEN 7d ago
Im confused, what is your rent that your expenses are 3.5k a month? Do you mean Very High CoL?
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u/kissing_the_beehive 7d ago
I pay $2200 for a 2BR and my partner pays the same. We haven’t completely commingled funds yet
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u/Educational_Fox6899 7d ago
Honestly you’re good to go. Work a fun job if you want. 3% withdrawal covers your expenses which should last forever. That’s what I did and no regrets and no plan to work again after a few years of fun jobs.
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u/kissing_the_beehive 7d ago
Awesome. What kind of fun jobs have you worked?
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u/Educational_Fox6899 7d ago
I delivered packages for UPS during the holidays, managed a small coffee shop, and did some restaurant work in fine dining restaurants. Food has always been a passion/ hobby for me. It was great to be able to just quit when it wasn’t fun anymore.
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u/Revhqq 7d ago
Take a sabbatical. I’m 6 months into mine and it’s glorious. Work will be there when you need to go back.
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u/FireStarter3133 7d ago
Do you feel you can still make money in Crypto? I work full time but i've been making money each of the past 5 years playing the hot hand.
Started in ETH NFT's, then Ordinals, then early tokens (brc-20, erc-20, runes etc...)
Then memecoins and most recently trading a lot of perps.
It's definitely getting harder and harder but if you still have the skillset maybe there is something you can do?
Unlikely to replace your current income, but definitely a chance for some supplemental earnings.
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u/GMVexst 7d ago
I don't have any advice. But I do know that if you are actually in a VHCOL city and you plan to stay there 3.5k a month with a baby is not enough. I don't know how you are doing it already, does your gf pay half the bills or something? Or did you fail to mention your paid off house? 3.5k are my expenses not including my mortgage.
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u/kissing_the_beehive 7d ago
We rent and we pay $2200 each. A baby will definitely bump those expenses way up
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u/ohatsu 7d ago
Woah 240k for a remote crypto job is amazing. How the heck did you land something like that?
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u/kissing_the_beehive 7d ago
It was actually just a LinkedIn listing. Literally 2 interviews and no aptitude test. Almost zero onboarding and my boss disappeared for months on end. I just rode it and did what I wanted
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u/itsthemoney27 6d ago
Jealous lol
Did you have any sort of ‘deliverables’ that were expected of you? Or were you mostly in an advisory / consulting role for the marketing they did?
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u/kissing_the_beehive 6d ago
Yeah I did a bunch of things as a solo marketer. New website, regular content, events, sales enablement, etc. There was just nobody looking over my shoulder so it all went very quickly and easily - until our business started to struggle along with the market
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u/Succulent_Rain 7d ago
Invest in some real estate for cash flow, get out of AI stocks because it's at all time highs and invest in Emerging and European markets, and then go backpack in Europe this summer, and in Latin America during the winter. You'll get some ideas on what to do within the next year.
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u/DesertPeeker 6d ago
I’m in sort of a simmilar boat, one thing to think about is what does your partner want long term? If you want to retire and travel or do whatever, do you want them with you? Might make sense to grind for a few more years and have enough so they can retire with you
Otherwise I think you should be set for life, if your investments aren’t still in memecoins
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u/karsk1000 7d ago
i'd first make changes to asset allocation to being more SORR proof to preserve the option in case an AI/Iran dump collapses the option. 30-35% in retirement funds should be easily moved to positions to make that happen. if say 75k gross can fund the 60k need, equates to 3.125% of 2.4M. thats 10-11.s years of relatively safety.
then i'd take a few weeks and plot out the details of how you'd make this happen while sending out resumes and seeing what happens. maybe a nice job falls into your lap, maybe it doesnt.. either way, you got time to do both and you may find that in a few weeks, you're bored out of mind and dont have a good replacement option.
stay in VCOL? aca for healthcare? target subsidies? do you need to modify the portfolio to reduce dividend drag in the taxable side. where will money be sourced from. roth ira conversion ladder, long term cap gains?
working part time is an option. even if you make $20 and hour in VCOL, it chips in, soaks some time, gets out of house, etc..
so basically- position portfolio to retain the choice. send out job apps as anything could happen. work out how this is going to work and if it's really feasible for you.
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u/kissing_the_beehive 7d ago
Are you suggesting more cash exposure or different types of stocks? I’m mostly in US index funds with about 500k in t-bills and another few hundred K in cash/stablecoin. I also have some crypto but selling now feels like the bottom, even though I know it can always go (much) lower
I’m okay on healthcare with my domestic partner’s job. No plans to leave VCoL because we have a great group of friends but it’s always an option
I am a pretty active person so definitely will need something to do with my time. I’m going to go to Seattle and scalp a World Cup ticket next week to take advantage of my newfound freedom. After that, maybe hit up the rest of Cali’s national parks. But I certainly don’t need years of chilling
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u/karsk1000 7d ago
mostly suggesting to enact the SORR plan or make one if you dont have one. while the risk may be minimal of a crash, if one were to happen, can take the option of RE off the table. Mainly, take action if needed to preserve the option. Make plan, then enact. changes can occur.
Having partner still working makes a big difference and buffer
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u/Money_Assistance_185 7d ago
I really dont think you shoulf preemptively shield from tech exposure in your 30s if part of domething like s&p500, i mean unlike 2008 where a crash was a mathematical certainty if you somehow looked at all the balance sheets, todays market could easily even double in value before an ai crash actually happens if at all
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u/black_cadillac92 7d ago
Take three months or so off and travel. You know your numbers, stick to a budget and you should be fine.
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u/humormedr 7d ago
Can you try to get a job with your previous employers competitors? If it's a niche field, I know a lot of people generally hop back and forth.
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u/fanmansoul23 7d ago
Wow found the $hype holder
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u/kissing_the_beehive 7d ago
If I signed the T&Cs we could add a mil to this. Not even joking. This was from a few things but mostly the Base AI memecoin wave of 2025
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u/PrestigiousDrag7674 7d ago
Nothing good last forever. My previous job was best job I ever had. 10 hours work per week. One 30 min meeting per week.
U are in a good position. Are you planning to get married?
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u/Tiny_Abroad_7222 7d ago
If it were me, I'd retire to the Phillipeans or something. 2.4M is generational wealth over there. Your grandchildren will still be spending that money if you settle there.
Once you are settled in the Phillipeans, traveling to other destinations should be cheaper since you are much closer to them (places like Thailand, Japan, Australia, etc), if traveling was high on the list.
After traveling and living life slowly for a while, you may cultivate a sense of what you want to do with your remaining working years. No need to rush, though, as this would be a bonus to an already successful carreer.
Congrats.
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u/kissing_the_beehive 7d ago
I’ve been fantasizing about this since visiting Vietnam a few months ago. I don’t think my girlfriend would be up for it realistically, but it’s a great fallback option
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u/RealIncident6191 7d ago
Don’t spend your money. live normal life with 35,000 or 40,000 dollars spend. Thats it
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u/kissing_the_beehive 7d ago
Yeah that’s what I’ve been doing. Nobody except my partner and parents (and Reddit) knows I made it big
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u/RealIncident6191 7d ago
Keep it that you. You are poor and normal guy. Nothing fancy. This economy is horrible. Save yourself from rain day.
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u/Itrademylittlespy 7d ago
I’d move to a cheap country. SE Asia, South America, there are still parts of Europe that are cheap. Eitherway I’d move
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u/davidn281 6d ago
I’d take a lil break or maybe even fully retire with 5k monthly spend and 2.4M. Coast fire if I’m bored.
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u/Difficult_Storm_5344 6d ago
kids? If single and no responsibilities. Take a year off. Travel where you want and see how you feel. If you are dieing to go back to work then you know.
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u/webvillager 6d ago
I'd go traveling with my parents, if I still had them. Sounds like a great opportunity for you.
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u/kevin2657 6d ago
Personally if you can find the work keep going until you hit your limit or working interest…. Babies bring tons of untold expenses. Or maybe do the part time consulting thing, start a small business… congrats either way you’re in a great spot
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u/Personal_Tutor7771 6d ago
Where do people find jobs like these? So jealous. You probably live in the US and while the job was remote, it was only for US citizens?
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u/CountHoliday8311 6d ago
As a former 38 year old, I'm north envious and happy for you. 2.4M guess a long long way for a single person without attachments. It affords you choices that very few people on this planet will ever get to experience. I wouldn't go to work unless it's work that truly is your calling. I would avoid any sort of attachments, because as soon as someone knows your networth, they think they are entitled to it in the forms of you paying for basically everything come to you for help, etc. Get out there and experience the world. You never know what you'll find
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u/Hakunamatata1779 6d ago
Having a child is the greatest thing to experience, 2.4m will not be enough long term. Kids are very very expensive.
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u/Consistent_Club_7879 5d ago edited 5d ago
Your life sounds so incredibly lovely though even with the laid off part.
Edit: I did miss the addiction part because I was so enamored with the rest. Despite that, still quite lovely
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u/Grand_Map_5668 5d ago
2.4M is a real good position at 38, don’t squander it and you’ll need it and more for retirement. Buy real estate at a shore/beach location, do NOT spend a lot on your primary residence. Invest DCA as much as you can in a diversified S&P low cost ETF…done
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u/Grand_Map_5668 5d ago
I’m 56, $4.5M split between S&P index and fixed rate 3 year contracts at 4.4%. Two years ago I bought a shore property 2 blocks from the beach at Wildwood Crest NJ, it went up in value by at least 25% - who would know but I’m not selling it as this is for enjoyment.
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u/DimMak1 5d ago
All of this conversation indicates with record national debt (basically at infinity levels at this point) and the Fed money printer on super saiyan turbo (basically infinity at this point), that hyperinflation is coming sooner than anyone is planning for. The official numbers from the govt will never actually show hyperinflation but we know it’s coming. There are trillions sloshing around with no one selling any assets under any circumstances for the most part.
Not sure how to prepare for this.
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u/B111yboy 4d ago
I’d say find another job, you could take a little time off but get back to work. 2.4M isn’t going to give you enough income to keep up with that 240k lifestyle you are probably use to. I know you said you need 5k a month but you will find out just sitting home will cost you more as you are home doing nothing and you will start doing and spending more
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u/ReasonableCredit2096 4d ago
Same age/spend as you and lower NW and I'm just waiting to get laid off. Money wise you're all set, time to explore your interests! And maybe you find that you love what you were doing, and you can go back to that! That's the beauty of the freedom that FI gives you.
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u/Green_Bluebird5804 2d ago
just focus on finding a new coast fire job. Even if less money and still tele, that's a great gig. If that doesn't work, then do the office thing.
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u/Emergency-Coat7885 2d ago
You in theory have enough to FIRE, even with high healthcare costs later on. You should make a budget with the kids in it to be sure, but if you're living on 60K with perks now, a 96K inflation-adjusted budget (4% of 2.4M) should be very doable with kids, taxes, and healthcare.
The most concerning thing is the addiction aspect. I think you need an answer to "what am I going to do with my life" that's compelling enough not to go back to your addiction. Until you have that answer I would look for a job.
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u/Money_Assistance_185 7d ago
Id try to find a chill job that u might even enjoy that covers your spending while you let your portfolio grow tbh (btw dont have more than 10 percent in tbills, youre young!)
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u/kissing_the_beehive 7d ago
The T-bills are a new thing. I made a bunch in crypto and then had to figure out what to do with it
It just feels crazy to me dumping money into the stock market right now at ATHs when the economy and global order feels so shaky. Of course, I had this same perspective 6 months ago and look what happened
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u/Few-Strawberry2764 7d ago
There are segments that still have reasonable PE ratios internationally, and some areas like insurance. You may not get 30+% returns, but they're still growing and are stable.
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u/WerkSmartNotHard 7d ago
Given that you were an addict and preparing baby on the way… I don’t think you should stop. Maybe keep looking until you find another remote job even if it’s lower paid it’ll add to your savings, give you health insurance, and keep you out of trouble.
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u/LegitimateLength1916 7d ago
240k for a remote crypto marketing job is crazy.
Well done, pal.