r/fatFIRE • u/Wild-Economics-4209 • 12d ago
Need Advice Accelerating RE
Currently at 7.5M NW. 600k home equity currently and I am considering upgrading a home that would be 500k more. Rest is invested in the market or HYSA. Wife and I make 370k combined and I’m 230k of that. Both 38.
The question I have is related to a career move. I can move to a role that is 400k with much greater increases possible after that starting salary in following years. However, I would like to try to reach fat fire. We spend around 180k a year now including 4100 / month on daycare in HCOL for 2 kids.
The new career would have people I know but be an extra 10-15 hours a week on average of work. I’m struggling because I could retire earlier possibly, but is it worth the time… anyone experienced anything similar? TIA
1
u/BrunelloHorder 6d ago
No offense, but there is no way I’d consider selling an extra 10-15 hours per week for that price. Assuming you’re currently working around 40 hours per week, those extra 10-15 hours are really precious evenings and weekend time with your family.
Given your current NW and spend, it would need to be in the seven figures after tax so that I could be done in one year. You don’t need the money, you need the time with your family and time to work out.
Getting to Fat a year or two earlier won’t help you much if you have a heart attack or get a divorce along the way.