Author Topic: Question - How did you build your Stache?  (Read 3985 times)

Much Fishing to Do

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Re: Question - How did you build your Stache?
« Reply #50 on: July 25, 2021, 04:59:38 PM »
I started real work in 2000 making about 80k and saving and investing around 40%.  10 years later I was making about $160k and saving about half of take home and had paid off my modestly priced (compared to my peers) house.  I felt pretty wealthy at that point with a paid off house and 10x my annual spend in investments, so finally had the guts to start a business i thought would do well and ensure I could work from home.  Because I kept expenses low (never rented space, all my employees always worked from home) I did ok the first few years, then things took off.  I basically had 4 extremely profitable years then pulled the plug and switched to consulting to reduce risk and hours.  Over the course of those rocketing years I blew thru any earlier planned FIRE numbers (which was around $2M, but today I'm at $5M NW, $4M LNW), so we increased our spending & gifting and filled 529s for the kids.  Looking back on it, if I had just kept the job and not started the business, I'd probably be FIREing around the same time with half the stache I have now (which would have been just fine too).

My investments have always been aggressive but boring (was basicall 100% s&p500 for those first 10 years, then what probably equated to a normal 90/10 portfolio, and then recently more like 70/15/15 (The last 15 being cash which I plan to mostly spend down for the first few years of FIRE).
« Last Edit: July 25, 2021, 05:26:03 PM by Much Fishing to Do »

jinga nation

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Re: Question - How did you build your Stache?
« Reply #51 on: July 25, 2021, 08:21:02 PM »
something something rental real estate...
How many units did you end up with and how are they doing now?
5 at the moment. have sold some due to various factors.
2 have doubled from purchase price, 1 has 2.5x'd, and 2 have tripled.
I don't self-manage anymore, young family means no time for that. Have found a very good reliable management company that charges a fixed nominal amount and has good handyman/contractor/plumber/HVAC rolodex if anything needs to be done, at a lower price than competition.
Profits cover my primary home mortgage, property tax, insurance, and utilities.

Dicey

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Re: Question - How did you build your Stache?
« Reply #52 on: July 25, 2021, 10:40:52 PM »
something something rental real estate...
How many units did you end up with and how are they doing now?
5 at the moment. have sold some due to various factors.
2 have doubled from purchase price, 1 has 2.5x'd, and 2 have tripled.
I don't self-manage anymore, young family means no time for that. Have found a very good reliable management company that charges a fixed nominal amount and has good handyman/contractor/plumber/HVAC rolodex if anything needs to be done, at a lower price than competition.
Profits cover my primary home mortgage, property tax, insurance, and utilities.
Sweet!