Latamgringo
Confused about dryer sheets
Hey,
Do not plan to fully retire early but would like to shift to a lower stress job and/or something more meaningful than my current occupation in the financial sector.
Current net worth is 2,3 million USD of which 1,3 is in real estate (one for full time living, one beach house, and one rental unit). The other 1,0 is in liquid assets (a mix of mutual funds and ETFs mostly)
Annual expenses currently is about 50,000 USD but expect that to increase to 70,000 USD (kids growing older, more time to spend money). Could probably keep it at 40-50k if I wanted to but rather want to budget for 70k
Annual saving is about 250,000 USD.
Have one mortgage of about 130,000 USD
I am 40.
If I count the real estate as part of my funds I could probably call myself FI now. However, the full time living unit I would not count but counting the 3 units as 0 USD does also seem wrong. Downsizing is likely down the road so some cash would flow from them.
Firecalc, my own model, rules of thumb says that in 2 years I could decide not to work any day more of my life.
Thoughts?
Do not plan to fully retire early but would like to shift to a lower stress job and/or something more meaningful than my current occupation in the financial sector.
Current net worth is 2,3 million USD of which 1,3 is in real estate (one for full time living, one beach house, and one rental unit). The other 1,0 is in liquid assets (a mix of mutual funds and ETFs mostly)
Annual expenses currently is about 50,000 USD but expect that to increase to 70,000 USD (kids growing older, more time to spend money). Could probably keep it at 40-50k if I wanted to but rather want to budget for 70k
Annual saving is about 250,000 USD.
Have one mortgage of about 130,000 USD
I am 40.
If I count the real estate as part of my funds I could probably call myself FI now. However, the full time living unit I would not count but counting the 3 units as 0 USD does also seem wrong. Downsizing is likely down the road so some cash would flow from them.
Firecalc, my own model, rules of thumb says that in 2 years I could decide not to work any day more of my life.
Thoughts?
Last edited: