45th Birthday
Recycles dryer sheets
I've been lurking on here awhile and have finally decided to toss out my first post, an introduction.
I owned a company which I sold on my 45th birthday. I cleaned out my office that day and left. That was two years ago.
I spent a fair amount of time the first year tying up loose ends connected with the sale.
In the meantime, I started networking to find private equity investments. So far, I have only invested in one, but that came with a part-time job (work mostly from home), small salary, and health coverage.
I've also become involved in my community.
Exercise takes a big part of my time, and I enjoy it. Don't golf, but am learning. I'm afraid it takes too much time.
Managing the money is my other "job." I also enjoy that, don't take too many risks, and analyze all moves carefully.
I also get to spend time with my kids (now 14 and 16) before they leave home in a few years.
We travel a fair amount when school schedules allow and spend the summers at our second home in a relatively remote but very attractive place.
No regrets, really. The stress was getting to me, and I worked from the time I was in grade school. Sometimes I look at what people my age are doing (running companies, running for president, etc.) and think I'm not contributing enough, but that thought passes quickly.
Financially, I will never have to work for money as long as I live. I planned this carefully. Our annual spend is about $350k and net worth is about $14 million.
My only issue is what kind of example this lifestyle sets for my kids. They will not be gifted large sums and will not inherit much at all until they are 30 and older, so they will have to get out and work hard to live the way they did as children.
We have discussed it with them, and they say they know our situation is unusual, but I'm not sure they are really old enough to truly understand. My fear is that this might have a negative impact on them as they become adults.
I owned a company which I sold on my 45th birthday. I cleaned out my office that day and left. That was two years ago.
I spent a fair amount of time the first year tying up loose ends connected with the sale.
In the meantime, I started networking to find private equity investments. So far, I have only invested in one, but that came with a part-time job (work mostly from home), small salary, and health coverage.
I've also become involved in my community.
Exercise takes a big part of my time, and I enjoy it. Don't golf, but am learning. I'm afraid it takes too much time.
Managing the money is my other "job." I also enjoy that, don't take too many risks, and analyze all moves carefully.
I also get to spend time with my kids (now 14 and 16) before they leave home in a few years.
We travel a fair amount when school schedules allow and spend the summers at our second home in a relatively remote but very attractive place.
No regrets, really. The stress was getting to me, and I worked from the time I was in grade school. Sometimes I look at what people my age are doing (running companies, running for president, etc.) and think I'm not contributing enough, but that thought passes quickly.
Financially, I will never have to work for money as long as I live. I planned this carefully. Our annual spend is about $350k and net worth is about $14 million.
My only issue is what kind of example this lifestyle sets for my kids. They will not be gifted large sums and will not inherit much at all until they are 30 and older, so they will have to get out and work hard to live the way they did as children.
We have discussed it with them, and they say they know our situation is unusual, but I'm not sure they are really old enough to truly understand. My fear is that this might have a negative impact on them as they become adults.