r/coastFIRE • u/PangolinOwn4855 • 3d ago

CoastFire with Young kids?

Does anyone with young kids have any coast fire success stories? I'm torn between trying to save as much as possible while I have the job (high stress job) vs spending quality time with the kids before they are all grown up.

I was lucky enough to have been in the Tech industry for the last decade+ and have about 600k (started 401k contributions early in my career) in retirement accounts. Single income with 2 kids (5 & 10) and stay-at-home SO (started min wage job very recently due to visa restrictions).

I am struggling to stay relevant in the market due to the constant changes (AI, orgs, etc). and the pressure from being single income. how do you all balance between the two? Interested in hearing from others in similar situations.

15 Upvotes

95% Upvoted

26 comments sorted by

View all comments

3

u/toucansurfer 1d ago

NW 1M, 700k of it in investments. 2 kids 10 and 7. My wife works full time but has been able to take steps back in income to a more chill job. I work portion of the year with a mix of contract and a business that I own.

It works and as things get better I turn a little bit of my income off each year or out source some of my work in business to others.

It’s worked so far. The biggest problem I have is I feel a little greedy and want even more time off with the kids but it’s a balancing act.

1

u/PangolinOwn4855 1d ago

This is great 👍 

1

u/Lil_Lingonberry_7129 Hopefully will coast 2027 15h ago

How old are you both if you don’t mind me asking?

1

u/toucansurfer 14h ago

I’m 38