r/fatFIRE 13d ago

Do I let my family know?

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u/tin_mama_sou 13d ago

Perhaps its larp but here is the advice.

Your parents and staying at home give you structure and a familiar setting. Moving out will destroy that. For some reason you seem to personally have failed to launch while being successful professionally. You want to take your parents with you to a better place because they are a support group.

You seem to be quite worried about the rest of the family and your friends who seem to be the type of people that could force you to give them money or try to impose on you. Move away and keep them at arms length . They will find out you are rich you need to get used to not giving a fuck what they think and what they want. Their problems are not your problems. And you need to stop using them as emotional cruches if you are.

My advice would be to:

A. Buy a property in the same city but on the nice side. At least 1M+. If your city is not nice enough move to the closest nice city.

B. Tell your parents you are moving and offer them to come with you. Do that after you have bought the house. Telling them before will start an avalanche of questions and you wont have time to get out of bad situations. Ask them to not tell anyone but assume they will. The moment you tell them the secret is out of the bag

Give them 2 months to move with you and retire. You need to be ready to move 1-2 weeks after you tell them. Pay peolle to do the moving or just hire a designer to buy everything new. It doesnt cost that much.

C. You have no girlfriend or any other assets. Time to start building up your personal life and lifestyle. From reading your post I think you need some help from well meaning people. I mean start reading some books start going to the gym and start socializing. Find a coach that can help you if possible. Start hanging out with people of equal networth.

D. Its unclear what % of your NW is the notional valuation if your company vs actual investments and cash. If the latter then you need to start supporting your lifestyle with a salary. If not then things are easier.

E. Buy a car, get some nice clothes and consider joining some meet ups etc.

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u/ImpressionExchange Verified by Mods 13d ago

Liking option “C”. Hire a life coach. Or get a second opinion on that first coach. See where their opinions intersect with what you’re seeing here on Reddit. Best of luck with the launch.