Author Topic: Race from $2M to $4M...and Beyond!  (Read 822648 times)

MishMash

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Re: Race from $2M to $4M...and Beyond!
« Reply #5300 on: August 15, 2021, 05:44:34 AM »
So today is a day of double celebration.  We hit 2.5m in net worth (despite buying a boat this year) AND the husband has officially hit his 20 year mark in the military! Heís going to do a couple more years since he just promoted so he can retire in grade (for about an extra 1k a month for life) but the pension and healthcare are now officially secured, and with it a pretty fat FIRE.

Pension and HC plus $2.5M.. I think you're golden..:)

For sure, most of his coworkers joke about him retiring then returning the next day as a contractor like a majority of folks in his office do.  He gets some strange looks when he says pigs chance in hell, Iím OUT. 

arcturus

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Re: Race from $2M to $4M...and Beyond!
« Reply #5301 on: August 15, 2021, 06:24:04 AM »
I haven't set down with pen and paper, or yuck, a spreadsheet yet.  But, I need to write out a budget.  It's one of those things we've never needed to do with fairly high income.  We just invested a bunch and spent the rest.  Our finances are a jumbled mess.  I do have some mortgage debt on the Florida house 160K.  Main problem is what to do with the Louisiana property.  It's paid off, but our two 20 something kids need housing.  They both work and the youngest will be married soon.  We're fixing our rental house up for him right now.  Eventually he wants our Louisiana house and the oldest gets the rental house.  For simplicity let's value our home at 200K and the rental at 100K.  I'm undecided whether we rent to them or gift.  The oldest son doesn't make a lot of money and has some medical issues.  So we were thinking of gifting him the rental at 100K value and selling our home to the youngest at 100K.  We're retirement fund rich (3M) and cash poor maybe 50K.  I know Border42 would be pissed, but I really want that mortgage paid off.  It would take all our cash though.  I plan to pull 10K a month starting July 2023.  That's a lot of money per month.  I'm just have a hell of a time predicting our future expenses in this period of inflation.  I'm almost sure we've over saved, but the time is closing in.

Hello @Bateaux - everyone has unique circumstances and so please take this only as a third party view of the scenario you are describing....with only a 10% understanding of the situation, I am sure.   My thought is, you are being extremely generous in this scenario.   I understand your older son has some challenges and so help there may be needed as you have suggested.  With regard to your younger son.  What about selling him your property for $160K and then applying that money to you FL residence?   Still incredibly generous -- you would be effectively giving your son $40K in immediate equity -- and it pays off your FL mortgage.   I would think that a $160K mortgage could be supported by an income of $30-35K relatively easily, assuming no other debt.   And getting a $40K boost from you would be huge for your youngest.

My upper 20s son just purchased a home and I basically provided no financial assistance.  He has many years ahead of him to accumulate assets and I do not.  We have provided for our children (I am guessing you are similar to me) quite well for 20+ years of their lives (better than we had it, huh?).  I'm still shelling out for college/grad school for 2 others, but my goal is that -- when they are out -- I am basically done in most material financial respects (ok, I'm sure I will give in to things like weddings, etc) and then the focus is on providing for ourselves.

Two other thoughts:  (1) In my spreadsheet models, I have assumed a reduction in discretionary expenses as we age, and in the extreme negative scenraios, we could simply manage our expenses down to fit the available cash flow at that time....otherwise, I'd drive myself nuts building on sequential layers of safety margin into my models and I'd never pull the trigger; and (2) I've raised this before and continue to consider and approach where there is a second source of liquidity besides your invested assets (e.g., a untapped home equity loan for simplicity) and when the market is significantly down, you draw on that alternative source of liquidity rather than selling assets that are in correction mode.   This second thought I will admit that I have not fully baked, but it seems like a fantastic way to manage things so that you keep you funds invested during downturns in the market (which tend to be abbreviated -- 6-18 months) and only pull them out when they are at "fair" value.   It seems to me like that's a way to help improve your odds of your money lasting.

Thanks for reading and @Bateaux I say again that my hat is off to you as you are quite generous with your adult children -- I'm now going to make another margarita!

Thoroughly appreciate the input.  The younger child has a much higher income, soon to be in the 6 figures.  The older son has a decent job just not good enough to afford the lifestyle we've provided.

I'm guessing your younger son would understand that his older sibling has different needs that mandate a different level of assistance from you.

In some ways, I have a similar situation where I have one son who has his undergraduate degree, but his brother was not at all happy with his undergraduate experience/degree/etc/etc.  So his brother decided he would need to pursue a graduate degree in order to be in a field that was going to be of interest to him.  So I have continued to support (though certainly not fully) my younger son while he pursues his graduate degree.  I recall wondering whether this would create some tension between them as my older son is aware that there is some form of ongoing assistance....but it has not come up as an issue at all.  He has a genuine desire for his brother to be happy, whatever that means for him.  And that has completely overcome any "look what you're doing for him" perspective from him.   Maybe he's just an awesome brother, but I would think you would have a similar situation on your hands should, should you decide to "ration" your assistance according to need.

Glad to hear that it sounds like you've set both up for success and happiness.  Its up to them to realize it, but it sounds like the foundation is there for both of yours, as it is for my two sons (assuming I get the youngest out of grad school <<insert fingers crossed emoji here>>).  My daughter still has a couple years left on her undergrad, but things look very promising there.

And btw, I do not consider $50K of cash to be "cash poor."  My available non-invested cash ebbs and flows with paychecks, etc., but I don't keep more than $10-20K in true cash at any time.   If I had a sudden unplanned cash need, I would either liquidate part of a long-term investment or, if that cannot be done for some reason (or if I don't want to),  I would borrow against an untapped line of credit (mine is secured by my investments themselves, not by my home).  As they say, its easy to borrow money when you don't actually need it!  Keep that in mind!
« Last Edit: August 15, 2021, 06:28:50 AM by arcturus »

billsfan1_2000

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Re: Race from $2M to $4M...and Beyond!
« Reply #5302 on: August 15, 2021, 08:06:36 AM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love! 

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5303 on: August 15, 2021, 09:18:05 AM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!

We have about $1.6m in stocks and bonds.   A 1% rise in the S&P works out to around $10-11k.  In an average results years I can expect a 10% rise in total, or about $100,000 to $110,000 counting dividends.

I'm guessing you have way more in your stock and bond portfolio than we do.   With a $3m portfolio we would be looking at $300,000 to $330,000 in average gains for doing nothing at all -- no powerpoints, no dumb projects, etc.    At a certain point, you have "enough".   

Are you there yet?   Because if you are, that $170k is meaningless but the boredom and frustration never are.

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5304 on: August 15, 2021, 10:31:06 AM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!
$170k is a drop in the bucket vs. $4.3M.

If you were terminally ill and could extend your life pain-free for 6 months for the price of $170k, would you do it?

Also: Read "Die With Zero".

arcturus

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Re: Race from $2M to $4M...and Beyond!
« Reply #5305 on: August 15, 2021, 11:44:48 AM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!

You have virtually described the scenario I'm aspiring to, although my target at present is age 56 with $4M NW and $3.25M invested.  I would like to think that when I cross over that threshhold it will be a binary decision.    I suppose if I were a month away from a significant event at that time...e.g., stock vest, etc., I might hold on.   But 6 months feels like I'm on a treadmill, because when you get there, it will only be another 3 months until some other event, and then its only.....  you get the idea.    My 2 cents....but you effectively enjoy today the scenario that I aspire to. 

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5306 on: August 15, 2021, 12:17:43 PM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!

Go.  It's not worth it.  Your accounts will be earning up to $1000 a day.

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #5307 on: August 15, 2021, 04:06:45 PM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!

Let's see the title of this is "Race from $2M to $4M...and Beyond!"  It appears sir that you have reached that great Beyond.  You can now smile at your Mega Corp companions who have accompanied you on your journey to this great beyond.  Place a hand on their shoulders, give them a smile of understanding and tell them that you hope that someday they too will be able to understand the great beyond.  They will tell fond tales of their adventures in Mega Corp with you in the years to come.  Some of the tales will bring smiles to their faces and some may ring tears to their eyes.

Come join us in your personal Shangri-la.

Fomerly known as something

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Re: Race from $2M to $4M...and Beyond!
« Reply #5308 on: August 15, 2021, 05:32:56 PM »
@Bateaux.  As the better off kid.  I donít need my parents money.  It actually annoys me that my mom keeps trying to give me stuff and more money.  I literally turn around and give the money away, but resent my mom when she says I can afford X (some item/experience) with the money she gave me.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5309 on: August 15, 2021, 07:52:59 PM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!
$170k is a drop in the bucket vs. $4.3M.

If you were terminally ill and could extend your life pain-free for 6 months for the price of $170k, would you do it?

Also: Read "Die With Zero".

I agree with Dicey and we happen to be in the same position with regards to Networth/health/zero financial commitments.

Having said that would I wait 6 months for an extra $170k's worth of gravy? Yeah I probably would honestly, but I could easily see how I might end up regretting that decision.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5310 on: August 15, 2021, 09:48:09 PM »
@Bateaux.  As the better off kid.  I donít need my parents money.  It actually annoys me that my mom keeps trying to give me stuff and more money.  I literally turn around and give the money away, but resent my mom when she says I can afford X (some item/experience) with the money she gave me.

I probably shouldn't be airing this crap out to you guys.  But, you are the best of the best.  I'm imposing my own thought battles upon you.  I do value the input immensely.   The youngest son is working his tail off with the remodel of the house.  It's just an old fishing camp, but the location can't be beat.  Waterfront property on the bayou and only one lot over from our house.  Things are going really good.  Lumber even dropped in price a little bit.
Thanks friends.

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Re: Race from $2M to $4M...and Beyond!
« Reply #5311 on: August 16, 2021, 03:57:51 AM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!
$170k is a drop in the bucket vs. $4.3M.

If you were terminally ill and could extend your life pain-free for 6 months for the price of $170k, would you do it?

Also: Read "Die With Zero".

I agree with Dicey and we happen to be in the same position with regards to Networth/health/zero financial commitments.

Having said that would I wait 6 months for an extra $170k's worth of gravy? Yeah I probably would honestly, but I could easily see how I might end up regretting that decision.




I can see the MMP dilemma BUT I would slightly side as well in collecting the 170k. But that for sure would be it regardless if the market has a significant correction or not.

trashtalk

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Re: Race from $2M to $4M...and Beyond!
« Reply #5312 on: August 16, 2021, 07:51:21 AM »
If you push through to March 1, think of the whole thing as a slow road to departure.

Even before you reveal your exit plan, make sure your replacements and team are prepped, start clearing out your office, start planning your home setup post-retirement and thinking about a schedule, start detaching emotionally and downshifting by starting to limit your responses to calls and emails on weekends and evenings, declining meetings, not picking up new assignments, etc.

The hardest part will be Aug-Sept-Oct-Nov.

Take two or three weeks off in December. Return in January with the plan in mind, tell people at the end of the month. February will be lots of emotions but also probably quieter than you think, especially once you tell people.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5313 on: August 16, 2021, 11:17:55 AM »
If you push through to March 1, think of the whole thing as a slow road to departure.

Even before you reveal your exit plan, make sure your replacements and team are prepped, start clearing out your office, start planning your home setup post-retirement and thinking about a schedule, start detaching emotionally and downshifting by starting to limit your responses to calls and emails on weekends and evenings, declining meetings, not picking up new assignments, etc.

The hardest part will be Aug-Sept-Oct-Nov.

Take two or three weeks off in December. Return in January with the plan in mind, tell people at the end of the month. February will be lots of emotions but also probably quieter than you think, especially once you tell people.

Your reply took me back to the time I did this some 7.5 years ago. I absolutely hated the company I worked for and the bosses who treated my team like absolute shyte.. I was their manager.

I had decided I was done just prior to Christmas, but financially it made sense to work to April to fully find my 401k, Roth IRA and HSA.

I went back to work on Jan 4th 2014 and the feeling of dread I had when the alarm went off at 4:30am in preparation to drive the 80 miles to the place I despised was awful.

When I got there, the first thing I learned was that one of my most excellent technicians had his adult Daughter pass away over the Christmas break, she was 28 I believe.

That sense of "WTF is it all about" hit me like a ton of bricks.

It was pretty clear there was no way I was going to make it till April!

Turns out they wer'nt happy with me anyway so they fired me a week and a half later with a 4 month "sign here that you won't sue us" severence check!

It was a most surreal experience.

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #5314 on: August 16, 2021, 11:35:36 AM »
If you push through to March 1, think of the whole thing as a slow road to departure.

Even before you reveal your exit plan, make sure your replacements and team are prepped, start clearing out your office, start planning your home setup post-retirement and thinking about a schedule, start detaching emotionally and downshifting by starting to limit your responses to calls and emails on weekends and evenings, declining meetings, not picking up new assignments, etc.

The hardest part will be Aug-Sept-Oct-Nov.

Take two or three weeks off in December. Return in January with the plan in mind, tell people at the end of the month. February will be lots of emotions but also probably quieter than you think, especially once you tell people.

Your reply took me back to the time I did this some 7.5 years ago. I absolutely hated the company I worked for and the bosses who treated my team like absolute shyte.. I was their manager.

I had decided I was done just prior to Christmas, but financially it made sense to work to April to fully find my 401k, Roth IRA and HSA.

I went back to work on Jan 4th 2014 and the feeling of dread I had when the alarm went off at 4:30am in preparation to drive the 80 miles to the place I despised was awful.

When I got there, the first thing I learned was that one of my most excellent technicians had his adult Daughter pass away over the Christmas break, she was 28 I believe.

That sense of "WTF is it all about" hit me like a ton of bricks.

It was pretty clear there was no way I was going to make it till April!

Turns out they wer'nt happy with me anyway so they fired me a week and a half later with a 4 month "sign here that you won't sue us" severence check!

It was a most surreal experience.

It sounds like the bad thing was actually a good thing.  Thanks for sharing that.  I think too many of these bright successful people posting herein just love their jobs, OMY, TMY, TMY+1,......  And, they don't even need the money!

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #5315 on: August 16, 2021, 11:38:52 AM »
My husband has at this moment has the opportunity to pull the FU I got money card but wonít do it and is taking the high road, even though I have told him many times over the weekend I support that move.

He started a news job as a nurse manager at a for profit hospital 8 months ago and the place is a dysfunctional mess, since they are always extremely understaffed (shock). He was hired to oversee 4 units and affect change, but what they really wanted was another nurse, and lo and behold he canít do both. It came to a head Friday and they asked him to resign.

I said you hate that effiní place, donít go back and let them deal with their mess. We have plenty of money for you to take time off and figure out whatís next. But he is insisting on going in the next FOUR WEEKS that he has left.

Heís too nice. Just goes to show how ingrained we are to operate in corporate USA, even when you have the eff you money.


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EscapeVelocity2020

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Re: Race from $2M to $4M...and Beyond!
« Reply #5316 on: August 17, 2021, 12:25:13 PM »
My husband has at this moment has the opportunity to pull the FU I got money card but wonít do it and is taking the high road, even though I have told him many times over the weekend I support that move.

He started a news job as a nurse manager at a for profit hospital 8 months ago and the place is a dysfunctional mess, since they are always extremely understaffed (shock). He was hired to oversee 4 units and affect change, but what they really wanted was another nurse, and lo and behold he canít do both. It came to a head Friday and they asked him to resign.

I said you hate that effiní place, donít go back and let them deal with their mess. We have plenty of money for you to take time off and figure out whatís next. But he is insisting on going in the next FOUR WEEKS that he has left.

Heís too nice. Just goes to show how ingrained we are to operate in corporate USA, even when you have the eff you money.

If it makes you or him feel any better, DW is in a similar place of not needing the money but going in as a long term substitute teacher starting tomorrow.  The demand for teachers and nurses is intense here in Texas, and won't be easing up anytime soon!  She literally gets 3 or more offers a day, and this is before school has even started.  I'm imagining, once kids and teachers are getting Covid (no mask mandate in our school district and relatively low vaccination rate in school-age kids), it'll only get worse...

2sk22

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Re: Race from $2M to $4M...and Beyond!
« Reply #5317 on: August 17, 2021, 02:37:56 PM »
Here is something fun: https://www.reddit.com/r/FinancialPlanning/comments/p4qplj/if_you_had_5_million_dollars_what_would_you_do

It was interesting reading about what others would do if they were in a situation similar to those of people in this group.

rmorris50

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Re: Race from $2M to $4M...and Beyond!
« Reply #5318 on: August 17, 2021, 04:45:11 PM »
Here is something fun: https://www.reddit.com/r/FinancialPlanning/comments/p4qplj/if_you_had_5_million_dollars_what_would_you_do

It was interesting reading about what others would do if they were in a situation similar to those of people in this group.
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!


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Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5319 on: August 17, 2021, 04:52:10 PM »
My husband has at this moment has the opportunity to pull the FU I got money card but wonít do it and is taking the high road, even though I have told him many times over the weekend I support that move.

He started a news job as a nurse manager at a for profit hospital 8 months ago and the place is a dysfunctional mess, since they are always extremely understaffed (shock). He was hired to oversee 4 units and affect change, but what they really wanted was another nurse, and lo and behold he canít do both. It came to a head Friday and they asked him to resign.

I said you hate that effiní place, donít go back and let them deal with their mess. We have plenty of money for you to take time off and figure out whatís next. But he is insisting on going in the next FOUR WEEKS that he has left.

Heís too nice. Just goes to show how ingrained we are to operate in corporate USA, even when you have the eff you money.

If it makes you or him feel any better, DW is in a similar place of not needing the money but going in as a long term substitute teacher starting tomorrow.  The demand for teachers and nurses is intense here in Texas, and won't be easing up anytime soon!  She literally gets 3 or more offers a day, and this is before school has even started.  I'm imagining, once kids and teachers are getting Covid (no mask mandate in our school district and relatively low vaccination rate in school-age kids), it'll only get worse...
I just overheard a conversation today. The person was visiting from Texas. Apparently she used to live here. She was rather condescending about how much "freer" things are in Texas vis a vis masks and related Covid protocols. Good for you lady, but please don't expect tears from us when people die unnecessarily. Sheesh.

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5320 on: August 17, 2021, 04:55:33 PM »
Here is something fun: https://www.reddit.com/r/FinancialPlanning/comments/p4qplj/if_you_had_5_million_dollars_what_would_you_do

It was interesting reading about what others would do if they were in a situation similar to those of people in this group.
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!
Funny, DH and I just finished a road trip. At one point, I asked him what he'd do with an extra million dollars. After much discussion, he said he'd buy a diesel truck, but only one with a pre-2006 engine. Yeah, that's going to made a real dent, dude. Thing is, it's not a theoretical comversation, exactly...

arcturus

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Re: Race from $2M to $4M...and Beyond!
« Reply #5321 on: August 17, 2021, 05:39:20 PM »
Here is something fun: https://www.reddit.com/r/FinancialPlanning/comments/p4qplj/if_you_had_5_million_dollars_what_would_you_do

It was interesting reading about what others would do if they were in a situation similar to those of people in this group.
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!


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Well said!

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5322 on: August 17, 2021, 07:29:04 PM »
Here is something fun: https://www.reddit.com/r/FinancialPlanning/comments/p4qplj/if_you_had_5_million_dollars_what_would_you_do

It was interesting reading about what others would do if they were in a situation similar to those of people in this group.
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!
Funny, DH and I just finished a road trip. At one point, I asked him what he'd do with an extra million dollars. After much discussion, he said he'd buy a diesel truck, but only one with a pre-2006 engine. Yeah, that's going to made a real dent, dude. Thing is, it's not a theoretical comversation, exactly...

Smart man.  The diesel engines were less complicated back then. 

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5323 on: August 17, 2021, 08:14:44 PM »
Here is something fun: https://www.reddit.com/r/FinancialPlanning/comments/p4qplj/if_you_had_5_million_dollars_what_would_you_do

It was interesting reading about what others would do if they were in a situation similar to those of people in this group.
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!
Funny, DH and I just finished a road trip. At one point, I asked him what he'd do with an extra million dollars. After much discussion, he said he'd buy a diesel truck, but only one with a pre-2006 engine. Yeah, that's going to made a real dent, dude. Thing is, it's not a theoretical comversation, exactly...

Smart man.  The diesel engines were less complicated back then.
Yeah, our RV is on the Sprinter platform and everything about it is a pain in the ass. The RV part is awesome, the  eng8ne and chassis, not so much.
« Last Edit: August 18, 2021, 05:08:56 AM by Dicey »

EscapeVelocity2020

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Re: Race from $2M to $4M...and Beyond!
« Reply #5324 on: August 17, 2021, 08:35:17 PM »
Here is something fun: https://www.reddit.com/r/FinancialPlanning/comments/p4qplj/if_you_had_5_million_dollars_what_would_you_do

It was interesting reading about what others would do if they were in a situation similar to those of people in this group.

Wow, the question was so poorly worded and clueless that it was difficult to understand exactly what the OP was hoping for.  Financial security?  YOLO?  Real advice on what to do with his/her lottery winnings??

The replies were also quite mundane.  I had a whole batch of popcorn ready, especially after the clueless start, but nary a 'hookers and blow' comment to be found (at least for the upvoted stuff I read)...

2sk22

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Re: Race from $2M to $4M...and Beyond!
« Reply #5325 on: August 18, 2021, 03:24:33 AM »
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!


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Thats exactly the big contrast - getting $5M as a windfall is entirely different from earning and saving it over decades.

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #5326 on: August 18, 2021, 07:16:31 AM »
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!


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Thats exactly the big contrast - getting $5M as a windfall is entirely different from earning and saving it over decades.

You know - it's a little bit like government project housing.  Money that comes free does not have the same internal worth.  When you put sweat, blood and time into getting that money it is far different.  You watch it more closely.  You take care of it. Your house has taken years to have.  What would a spoiled rich kid do with 5 million dollars, maybe spend it at the Casino.  You guys have great insight.

Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5327 on: August 18, 2021, 08:32:04 AM »
I get the sentiment, but most people answered as if they were given $5m of after tax money all at once to do with as they please. While most of us here have accounts that have been built up over time and are socially engineered with rules, stipulations, tax consequences, tied up in real estate, etc. Everyone wants to control your money, and it makes quitting your job a much more complicated decision!


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Thats exactly the big contrast - getting $5M as a windfall is entirely different from earning and saving it over decades.

You know - it's a little bit like government project housing.  Money that comes free does not have the same internal worth.  When you put sweat, blood and time into getting that money it is far different.  You watch it more closely.  You take care of it. Your house has taken years to have.  What would a spoiled rich kid do with 5 million dollars, maybe spend it at the Casino.  You guys have great insight.
I worked for $3 an hour on farms as a teen.  $3.35 an hour in college.  Now our wealth increases ten times that per hour.  Every hour of every day even if I don't go to work.  I'm still that boy with a shovel.  It's a much bigger shovel.

PathtoFIRE

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Re: Race from $2M to $4M...and Beyond!
« Reply #5328 on: August 18, 2021, 09:53:29 AM »
Money that comes free does not have the same internal worth.

Complete tangent, but your comment made me wonder if social science could answer exactly what level of work would instill a similar level of worth? Taking the two extremes as a given (though I'd like these verified as well) that "free" things have low worth to humans, and "earned" things have a much higher worth, what could be done to bring the individual worth of "free" things up. Would something as simple as being forced to play a short simple game to get cash or rent assistance do it? Something more complex or complicated? Something completely unrelated to the assistance or benefit, or does it need to be tied directly to it? Would people treat various public goods better if some small, trivial, but universal step or action needed to partake? Just a few musings I thought I'd share in case anyone else has wondered the same.

EscapeVelocity2020

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Re: Race from $2M to $4M...and Beyond!
« Reply #5329 on: August 18, 2021, 10:57:00 AM »
Money that comes free does not have the same internal worth.

Complete tangent, but your comment made me wonder if social science could answer exactly what level of work would instill a similar level of worth? Taking the two extremes as a given (though I'd like these verified as well) that "free" things have low worth to humans, and "earned" things have a much higher worth, what could be done to bring the individual worth of "free" things up. Would something as simple as being forced to play a short simple game to get cash or rent assistance do it? Something more complex or complicated? Something completely unrelated to the assistance or benefit, or does it need to be tied directly to it? Would people treat various public goods better if some small, trivial, but universal step or action needed to partake? Just a few musings I thought I'd share in case anyone else has wondered the same.

This is a significant conundrum with UBI.  Economists argue that it is vastly more efficient to just hand out a subsistence level stipend to poverty-stricken groups vs. all the social programs and management currently in place (SNAP, CHIP, WHIP, DIP :)  Folks that want to improve their position will at least have a bootstrap.  But the worry from society is that folks will just be content subsisting while contributing nothing (apparently forgetting the fact that all they are doing now is spending all their time gaming the systems), whereas economists are worried that providing subsistence will further erode the availability of jobs and the 'meaning' work provides for many folks. 

The biased MMM Forum is probably not the place to have a conversation about work providing people with identity and self-worth though... 

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5330 on: August 18, 2021, 11:54:16 AM »

The biased MMM Forum is probably not the place to have a conversation about work providing people with identity and self-worth though...

What because most of us have spent our (short) working lives trying to get away from our jobs?

Yeah I think thats a reasonable assumption..:)

wannabe-stache

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Re: Race from $2M to $4M...and Beyond!
« Reply #5331 on: August 25, 2021, 07:43:07 PM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!

We have about $1.6m in stocks and bonds.   A 1% rise in the S&P works out to around $10-11k.  In an average results years I can expect a 10% rise in total, or about $100,000 to $110,000 counting dividends.

I'm guessing you have way more in your stock and bond portfolio than we do.   With a $3m portfolio we would be looking at $300,000 to $330,000 in average gains for doing nothing at all -- no powerpoints, no dumb projects, etc.    At a certain point, you have "enough".   

Are you there yet?   Because if you are, that $170k is meaningless but the boredom and frustration never are.

We have a relatively large portfolio - even assuming inflated expense levels, we are probably at a 2.25% SWR - and could probably stop working...but I can't help from feeling uneasy when I read comments like these.

The market doesn't give you average returns year over year, it gives you actuals.  40 years from now we might look back and realize an 8% or 10% return.  Or, it could be more, or less, but year to year, it can vary wildly.  And it's hard to argue against folks that point to the correlations between a) high valuations like we have today and b) lower expected returns.

Undoubtedly, someone will read this that has been investing or invested in the markets for 20+ years.  I hope they weigh in with their perspective.

Personally, as a 41 year old, I didn't have "real" money in the market until 2011/2012, and the markets have been good to us all over that time period.  So, my track record is only 10 years.  If I pull the plug now, i could need to live off my portfolio for 50 years.

i don't post often, and love this group and the optimism they imbue, but when i see folks in other threads talking about buying stocks on margin, or selling their homes to invest in ARK funds, or counting on a 10% return, it makes me uneasy.

I don't think "this time is different" but I do think there are clouds on the horizon.  i suppose that's why i am at a <2.5% SWR...

sorry for the rant, i don't want to be the resident raincloud.

SwordGuy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5332 on: August 25, 2021, 08:46:53 PM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!

We have about $1.6m in stocks and bonds.   A 1% rise in the S&P works out to around $10-11k.  In an average results years I can expect a 10% rise in total, or about $100,000 to $110,000 counting dividends.

I'm guessing you have way more in your stock and bond portfolio than we do.   With a $3m portfolio we would be looking at $300,000 to $330,000 in average gains for doing nothing at all -- no powerpoints, no dumb projects, etc.    At a certain point, you have "enough".   

Are you there yet?   Because if you are, that $170k is meaningless but the boredom and frustration never are.

We have a relatively large portfolio - even assuming inflated expense levels, we are probably at a 2.25% SWR - and could probably stop working...but I can't help from feeling uneasy when I read comments like these.

The market doesn't give you average returns year over year, it gives you actuals.  40 years from now we might look back and realize an 8% or 10% return.  Or, it could be more, or less, but year to year, it can vary wildly.  And it's hard to argue against folks that point to the correlations between a) high valuations like we have today and b) lower expected returns.

Undoubtedly, someone will read this that has been investing or invested in the markets for 20+ years.  I hope they weigh in with their perspective.

Personally, as a 41 year old, I didn't have "real" money in the market until 2011/2012, and the markets have been good to us all over that time period.  So, my track record is only 10 years.  If I pull the plug now, i could need to live off my portfolio for 50 years.

i don't post often, and love this group and the optimism they imbue, but when i see folks in other threads talking about buying stocks on margin, or selling their homes to invest in ARK funds, or counting on a 10% return, it makes me uneasy.

I don't think "this time is different" but I do think there are clouds on the horizon.  i suppose that's why i am at a <2.5% SWR...

sorry for the rant, i don't want to be the resident raincloud.

Dreadfully, sorry, I forgot to include a statement that included something to the effect of "... and a 4% SWR income of a bit over $120k."


Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5333 on: August 26, 2021, 12:14:21 AM »
@wannabe-stache   You have been investing in a more Goldy Locks period.   Not that you personally didn't do your own part becoming financially successful.  It takes more than opportunity, you have to put the energy and dollars in to reach your status.   That being said, I was a young investor in the 90s.  Some of us were completely wiped out with the Dot.com bust and then again in 2008.  I'm glad for index funds.  I'm a Brute Force Millionaire, I'm not financially savvy.  I just keep hitting with dollars till they add up.  It's hard to just stay the course and wait for compounding to work.  The smart guys like Herbert Derp, wherever he went, I think is a Tesla millionaire.  He ran through this thread in a year, making multi millions in a year.  I think index funds will continue to average.  It takes time to cross the rough spots and you enjoy the times like the past decade when everyone made money.  My parents retired in the 90s and have had a less than stellar financial journey since then.  They did use professional advisors and that didn't help either.  Advisors back in the day sold you a bag of loaded funds and took another percent in management for the privilege.  Hopefully the top is never in.
« Last Edit: August 26, 2021, 05:28:50 AM by Bateaux »

2sk22

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Re: Race from $2M to $4M...and Beyond!
« Reply #5334 on: August 26, 2021, 04:27:46 AM »
Personally, as a 41 year old, I didn't have "real" money in the market until 2011/2012, and the markets have been good to us all over that time period.  So, my track record is only 10 years.  If I pull the plug now, i could need to live off my portfolio for 50 years.

...

sorry for the rant, i don't want to be the resident raincloud.

No need to apologize! I am now in my late 50s. But If I was 41, I would feel the same as you. In fact I was about your age a few years after the big Dotcom crash and the memory of that crash was still fresh in my mind. At the lunch table at work, several people had taken out home equity loans to buy stock. That experience and living through the 2008 crash have made me more cautious.

LightTripper

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Re: Race from $2M to $4M...and Beyond!
« Reply #5335 on: August 26, 2021, 04:33:50 AM »
I didn't have that much money to spare in the run up to the Dot Com crash (a bit more in the run up to the financial crisis), but I "foresaw" both, pulled money out in advance, and although I haven't done the sums I don't think it helped me at all overall.  My patterns might have been right but my overall market exposure has always been too low.  So I've missed the downs, but haven't fully taken advantage of the ups either. 

It's one thing to see that trouble is coming down the road.  It's quite another to figure out when to exit the market and (perhaps even more critically) when to get back in.  Basically I am a worrier, which means I see the crises coming far too early and am generally too long out of the market once they land.  I mostly missed the crashes, but also a lot of the growth that pre-dated them and a chunk of the bounce-back that followed (I generally managed to get partially in pretty quickly after each crash - but was far too cautious in the amounts to invest - it always felt like there might be more bad news around the corner, and this what turned out to be the turning point might actually just be a staging post on the way down).

This current market is going to make things rather uncomfortable for me over the next few years unless things do reverse as I'm just gradually stopping work over the next 6 months, and plan to do a reverse equity glide path over the next few years (currently only about 66% of my non-house wealth is in equities, and I plan to get up to 90% over the next 10-15 years or so as my children get older and the risk of needing a chunk of cash right now declines).  So I may well find myself buying at very high multiples.  But I was a good little robot and increased my equity exposure gradually across last spring/summer, even when it felt pretty shitty, knowing that my failure to do so in the past had cost me an even earlier retirement - and that's worked out well (so far).

So in the end my experience of my own psychology teaches me that even when I'm at some level "correct", trying to market time hasn't served me that well!  So I'm going to attempt to continue to be a good little robot.  Drip drip drip.


ysette9

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Re: Race from $2M to $4M...and Beyond!
« Reply #5336 on: August 26, 2021, 08:29:10 PM »
Money that comes free does not have the same internal worth.

Complete tangent, but your comment made me wonder if social science could answer exactly what level of work would instill a similar level of worth? Taking the two extremes as a given (though I'd like these verified as well) that "free" things have low worth to humans, and "earned" things have a much higher worth, what could be done to bring the individual worth of "free" things up. Would something as simple as being forced to play a short simple game to get cash or rent assistance do it? Something more complex or complicated? Something completely unrelated to the assistance or benefit, or does it need to be tied directly to it? Would people treat various public goods better if some small, trivial, but universal step or action needed to partake? Just a few musings I thought I'd share in case anyone else has wondered the same.

This is a significant conundrum with UBI.  Economists argue that it is vastly more efficient to just hand out a subsistence level stipend to poverty-stricken groups vs. all the social programs and management currently in place (SNAP, CHIP, WHIP, DIP :)  Folks that want to improve their position will at least have a bootstrap.  But the worry from society is that folks will just be content subsisting while contributing nothing (apparently forgetting the fact that all they are doing now is spending all their time gaming the systems), whereas economists are worried that providing subsistence will further erode the availability of jobs and the 'meaning' work provides for many folks. 

The biased MMM Forum is probably not the place to have a conversation about work providing people with identity and self-worth though...
This is one of these things where I think smart people can theorize all day long but we really need a strong experiment to find out what people would do. The few small experiments Iíve heard about (Freakonomics had an episode) were tantalizing.

I can see people being happy to have subsistence-level guaranteed support and quickly decide they want more than that in life and then go out and work to make their lives cushier.

pecunia

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Re: Race from $2M to $4M...and Beyond!
« Reply #5337 on: August 26, 2021, 09:43:54 PM »

- RIP!  RIP! -

I can see people being happy to have subsistence-level guaranteed support and quickly decide they want more than that in life and then go out and work to make their lives cushier.

I am a cynical person, but even I realize that there are a lot of good souls out there.  I also realize there are a lot of good things that need to be done.  I'll bet IF a lot of people were given survival and were of sound mind and body, THEN these people would use some of the given time to go out and do some of these good things.  In fact, it may make the whole country better.  It wouldn't show up on any GDP calculation or raise the price of any stock.  I do think this doing good stuff may spread if it started.  You see, it feels good to some of us when we know we have done good.


Bateaux

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Re: Race from $2M to $4M...and Beyond!
« Reply #5338 on: August 27, 2021, 06:40:37 AM »
I'm probably going to be off the air for a while.  I'm supposed to be pulling into my Florida house about now.  I cancelled the trip and I'm staying in Louisiana.  We're in Ascension Parish.  Not on the coast but directly under the line for a major hurricane hit.  I'm staying for family.  Our family will need our help these two days before the storm and after.  This is the big one I'm afraid.  It could rival Katrina.  I'll post back if we still have communication after Sunday.

aspiringnomad

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Re: Race from $2M to $4M...and Beyond!
« Reply #5339 on: August 27, 2021, 07:45:55 AM »
So gang - what would you do?  Age 57, in great health, great family, $4.3M total net worth, with no major future expenses (such as college - all done with that!) on the horizon. 

I had planned to hang up the laptop back on March 1 - however the allure of work from home ended up getting me - so now am nearing the half way point of my latest "OMY".  Meantime I am really, REALLY losing interest in life at Mega Corp.  The stupid meetings, the dumb projects and the endless Powerpoints.......so exhausting.  Sooo - the dilemma - if I resign as of Sep 1 I walk away from 2022 bonus, some shares vesting as of next Feb, after tax cash compensation and 401k match between then and now that amounts to $170k all in.  I look at that statistic daily and it keeps me from writing the resignation e-mail.   Which brings me to my question - am I being silly tying myself to that "addition" to our NW?  I hate so say this but I find myself "wishing away" 6 months of life just to get to March 1......

Any thoughts???

Much love!

Just chiming in as another Bills fan and someone who broke free of golden handcuffs last year after similar trepidation about lost income. I'm ~20 years younger than you and have a bit over half your wealth, but I have zero regrets about making the leap when I did. Wouldn't trade this last year or the next year in for another $170k despite the bigger impact that would have on my net worth compared to yours.

Dicey

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Re: Race from $2M to $4M...and Beyond!
« Reply #5340 on: August 27, 2021, 09:46:36 AM »
I'm probably going to be off the air for a while.  I'm supposed to be pulling into my Florida house about now.  I cancelled the trip and I'm staying in Louisiana.  We're in Ascension Parish.  Not on the coast but directly under the line for a major hurricane hit.  I'm staying for family.  Our family will need our help these two days before the storm and after.  This is the big one I'm afraid.  It could rival Katrina.  I'll post back if we still have communication after Sunday.
I'll be holding my breath until you post again. I hope it's not as bad as anticipated.

Exflyboy

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Re: Race from $2M to $4M...and Beyond!
« Reply #5341 on: August 27, 2021, 09:52:22 AM »
I'm probably going to be off the air for a while.  I'm supposed to be pulling into my Florida house about now.  I cancelled the trip and I'm staying in Louisiana.  We're in Ascension Parish.  Not on the coast but directly under the line for a major hurricane hit.  I'm staying for family.  Our family will need our help these two days before the storm and after.  This is the big one I'm afraid.  It could rival Katrina.  I'll post back if we still have communication after Sunday.
I'll be holding my breath until you post again. I hope it's not as bad as anticipated.

Holy S!.. I had no idea it was predicted to be that bad.... Hoping it blows itself out..

LightTripper

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Re: Race from $2M to $4M...and Beyond!
« Reply #5342 on: August 27, 2021, 10:05:41 AM »
Thinking of you and yours @Bateaux - hope it's not as bad as feared.

2Birds1Stone

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Re: Race from $2M to $4M...and Beyond!
« Reply #5343 on: August 27, 2021, 10:13:56 AM »

Holy S!.. I had no idea it was predicted to be that bad.... Hoping it blows itself out..

It's not, but that doesn't keep people glued to the little black box.

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Re: Race from $2M to $4M...and Beyond!
« Reply #5344 on: August 27, 2021, 01:24:37 PM »
Good luck @Bateaux !

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Re: Race from $2M to $4M...and Beyond!
« Reply #5345 on: August 27, 2021, 02:39:50 PM »
Thanks for the well wishes.  I spent the day helping my parents prepare.  The are about twenty miles from us.  Tonight and tomorrow my family and I will make our preps here.  One son works for a local television station and will likely be at the station for the storm in Baton Rouge.  The youngest will be off work till Monday and will be here.  I'll probably try a d get my wife to higher ground unless she insists on staying.  We have all the equipment to sustain ourselves including boats.  We'll make it through.  I'll keep in touch unless we lose cell towers.

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Re: Race from $2M to $4M...and Beyond!
« Reply #5346 on: August 27, 2021, 03:20:54 PM »
Thanks for the well wishes.  I spent the day helping my parents prepare.  The are about twenty miles from us.  Tonight and tomorrow my family and I will make our preps here.  One son works for a local television station and will likely be at the station for the storm in Baton Rouge.  The youngest will be off work till Monday and will be here.  I'll probably try a d get my wife to higher ground unless she insists on staying.  We have all the equipment to sustain ourselves including boats.  We'll make it through.  I'll keep in touch unless we lose cell towers.

Ditto from me @Bateaux -- wishing you and yours the best as you hunker down.....

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Re: Race from $2M to $4M...and Beyond!
« Reply #5347 on: August 27, 2021, 03:34:35 PM »
Thanks for the well wishes.  I spent the day helping my parents prepare.  The are about twenty miles from us.  Tonight and tomorrow my family and I will make our preps here.  One son works for a local television station and will likely be at the station for the storm in Baton Rouge.  The youngest will be off work till Monday and will be here.  I'll probably try a d get my wife to higher ground unless she insists on staying.  We have all the equipment to sustain ourselves including boats.  We'll make it through.  I'll keep in touch unless we lose cell towers.

Ditto from me @Bateaux -- wishing you and yours the best as you hunker down.....

Appreciate it.

My wife has decided to stay with family in Baton Rouge on higher ground.   I may encourage my youngest son to join her.   My parents are on high ground.  Nothing we can do about the winds.  I'm getting them safe from the flooding.

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Re: Race from $2M to $4M...and Beyond!
« Reply #5348 on: August 27, 2021, 03:50:20 PM »
Fingers crossed.

Iíve never lived through anything even remotely similar but I did two trips to do cleanup in New Orleans after Katrina. To say that was eye-opening was putting it mildly.

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Re: Race from $2M to $4M...and Beyond!
« Reply #5349 on: August 27, 2021, 05:02:24 PM »