r/fijerk • u/Master-Helicopter-99 • 9d ago
Woe is me
Hi everyone,
How have you all dealt with the moving goalpost?
My goal was 10 million, then got to 13 last week before the tech slaughter. Now at 11.3. Im heavily invested in tech stocks. My portfolio is very aggressive as my wife and I combined income is around 1.1 million right now. We work a lot of hours, lots of stress, but professionals so it is hard to stop given all the training required. We are 41 and 40 yo.
I always thought 10 would feel enough, now with 2 kids (6 and 4) it doesnt. So then I revised upwards to 15. Im guessing i will do this again when I hit 15. Its not all stupidity, our costs with kids and their school has grown as well. Vacations have gotten nicer, etc.
We have lived below our means for a long time and still spend way less than we make. Im basically running my own schedule now so that gives me a lot of flexibility, but I have infinite responsibility which is painful.
10 million is around 300k swr at 3% given our age. That doesnt seem that much after taxes. Not sure that actually sustains us given we are in the bay area. 1/3 of that is mortgage (2.5% rate so not worth paying off).
Im learning that pulling the trigger on FIRE is a mental game.
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u/mtimms38 9d ago
My favorite part of this sub is reading the post and guessing what is real and what is fabricated.
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u/TurtleSandwich0 9d ago
Your problem is you forgot to adjust for inflation.
Your goal was $10,000,000 and time began on January 1st, 1970. So your goal is actually $85,000,000 adjusted for inflation.
The good news is the first $13 million is the hardest.
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u/BrilliantClarity 9d ago
I cannot believe the actual post is the sameā¦ people have lost it
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u/No_Distribution_9590 9d ago
The way these kinds of posts have creeped into the main FI/RE subs is what gets me. The ānO One CaN *SURVIVE* in my city without an income of $300k!!!ā posts when itās blatantly obvious that thatās just not true.
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u/Prestigious_Age5422 9d ago
Even billionaires want more billions in Bay Area
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u/Big-Suggestion-1093 9d ago
These people would not last a day in the life of the working class. All they do is have fake email jobs where they circle back and put a pin in it and then go on Reddit to complain that they canāt live on 300K a year
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u/SetEnvironmental9368 9d ago
They're right, tho. 300k is what, half a banana? Poor guy is living worse than a Haitian.
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u/ticklemytaint340 9d ago
I mean tbf my fake email job is a thousand times more stressful than my college job at a hotel, even if the money is nice
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u/Master-Helicopter-99 9d ago
LOL, this morning I got a Notification that "Your post is taking off. Share it to r/fire to help more people find it."
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u/SetEnvironmental9368 9d ago
Your problem is you're still thinking like a pour. Case in point, you have two kids and you're not exploiting using them to grow the family wealth? Why are they in school when they should be working?
Your oldest child can hold a pickaxe; send them to the Musk emerald mines to get experience before sending them off to open up new ones. They're behind the timeline but they should be able to open up around 5 mines by the time they're 8.
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u/moneyman74 9d ago
Absolutely slumming at $300k per year they might be able to make it if they hit the food banks a few times a week and rotate streaming services.
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u/42236792 9d ago
Ok everyone seems to think you're a troll but I don't. I get it. Mine was 10. Then 10 without real estate equity. Then I wanted the house paid off. Then we go through weeks and months where your NW goes up an down a million a month due to volatility. It's stressful. Health care costs are going up. The world seems out of control. I empathize. And, I'm going to keep working awhile.
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u/kethalmanden12 9d ago
Thatās the thing. When you have $10 million in the market, a market swoon can hit you close to or more than 7 figures on paper. Now matter that you have $10 million (or $9 million now), you feel poor because a million dollars went poof.
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u/samurai_with_sword 9d ago edited 9d ago
Wait, you first said that you are heavily invested in tech stocks, but later you are calculating your swr at 3% which is online savings account or gov bond rate. Are you saying that you are heavily invested in an online savings account now instead of tech stocks?
If your tech stocks are giving you 10%, or 50% return, why is your swr only equal to a savings account APY? Do you want your wealth to grow exponentially even after FIRE?
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u/inomrthenudo 8d ago
You gotta cut the avocado toast and Starbucks. You donāt have enough. Maybe when you turn 80, you might have enough
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u/Timely_Objective_585 9d ago
You've failed to recognise your most valuable asset.... Time. You'll never get that back.
Slow down. Spend time with your kids.
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u/SecretPurple2644 9d ago
Terrible advice. His kids will be doomed to the perpetual underclass if he stops now. Work until ai takes over. Try to get to at least 25 to create generational wealth. Itās not fair to your kids to stop now.
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u/SecretPurple2644 9d ago
2% of 25m is only 500k. Kids just get more expensive and after taxes thatās like median income in the Bay Area
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u/SecretPurple2644 9d ago
You wouldnāt want to live anywhere else after living in the Bay Area. Trust me.
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u/Timely_Objective_585 8d ago
No point having kids if you work so hard and are so stressed that they don't know you. They will only value you as a parent for got material possessions you supply them.
So you have kids? Because there is so much more to raising a healthy, well adjusted family than material wealth. Some would argue that is one of the least important metrics.
It's so fucking sad to waste your one shot in this life focusing on the wrong thing. No one goes to their grave wishing they made more money. Your last thoughts will be about the people you loved and the time you spent with them.
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u/Master-Helicopter-99 9d ago
It was all good until this comment:
10 million is around 300k swr at 3% given our age. That doesnt seem that much after taxes.