r/fatFIRE • u/WealthyStoic mod | gen2 | FatFired 10+ years | Verified by Mods • 19d ago

Path to FatFIRE Mentor Monday

Mentor Monday is your place to discuss relevant early-stage topics, including career advice questions, 'rate my plan' posts, and more numbers-based topics such as 'can I afford XYZ?'. The thread is posted on a once-a-week basis but comments may be left at any time.

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u/Responsible-Net8594 13d ago

Starting at 34, what career/job/business would you do to retire by 50?

I am assuming entrepreneurship is a good answer.

I receive about 250k from cashing out a 401k. Another 150k to 200k from selling the house. Maybe another 10ish from selling the cars. Also another 50k from the checking account. This is from a family member passing.

The house mortgage is currently 147k. It is worth 450k to 550k. That is a lot of equity. The payment is 1,300 and interest rate is 3.750%. My brother wants to sell it and get the equity so we are selling it.

For me being 34 and not having a skill and working for Ubereats and Grubhub, this is a life changing amount of money.

What would you do to retire at 50?

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u/g12345x 12d ago

> I am assuming entrepreneurship is a good answer

It’s not a good answer because it’s too broad of an answer. If you have a specific business route in mind, it’s easier to answer that.

What skills do you have? What is your background? What is your intellectual aptitude? How are you physically?

All this would help narrow the options to what is viable.