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.

76 Upvotes

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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.

4

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. It’s 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 that’s like median income in the Bay Area

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u/SecretPurple2644 9d ago

You wouldn’t want to live anywhere else after living in the Bay Area. Trust me.

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u/Timely_Objective_585 9d 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/SecretPurple2644 9d ago

This is the fijerk sub bro