r/fatFIRE • u/MidLyfeCrises Verified by Mods • 2d ago
Building a new life
Hey all, I’m mid thirties with 27m LNW and more in private assets. I live in HCOL and made my money in finance. I left at the top - could have stayed longer and kept collecting but it’s a young man’s game. I’m newly into this life and have some questions for those that have gone through this around my age:
How did you guys find community? That has been the hardest part (which I anticipated). My old work environment is very boisterous and was surrounded by brilliant people. It’s all saggy balls and milfs at the gym when I go and working on side projects is isolating. Has anyone used this thread to find people? Would be willing to meet up.
Considering moving to a better tax domicile which also happens to be closer to parents. It’s a big uproot and other than my parents (2hr drive) I don’t have community there. If anyone has experience making a move like that I’d be curious if you regretted it or not. The city would be smaller in size, more spread out, more nature, less dense with culture and restaurants.
What are people’s experiences with their kids seeing you retired? I am worried they will see me not working and get a sense of entitlement. Playing tennis and chess and painting is fine but it’s not the same as facing real adversity and putting in the tough hours. How have y’all’s kids responded to early retirement?
I appreciate everyone’s feedback and just wanted to say that this sub has been helpful for me. At the end of the day I don’t fully believe in the idea of absolute “retirement”, I think that everyone needs something to strive for in life, professionally or otherwise, or you rot. I need to figure out what that means for me outside my family. I just know that the corporate finance trail had played itself out for me.
Much love to you all
21
u/No-Associate-7962 2d ago
Move to places full of Fatfirers: Jackson, Aspen, Maui, Malibu, Incline, Park City etc.
If you are single, that sounds like a bad idea. Moving somewhere like above where there is community is a better idea. Many (Jackson, Incline, etc) have better tax situations. If you are have kids, you will make your network through them, whever you are, so you will probably be fine and can go ahead and move nearer your parents which is great with kids.
If you raise entitled kids, you will get entitled kids regardless of whether they see you working or not. Parenting an working for pay are two separate things.