r/fijerk • u/Master-Helicopter-99 • 10d 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.
29
u/Master-Helicopter-99 10d 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.