Hello All,
So have been reading for a couple years now and posted a few times and have the latest update. Let me know if I am crazy or have any advice/suggestions.
My situation is that I used to be entirely dedicated to becoming wealthy and I am saving very aggressively with my current j*b, but it is utterly exhausting and running me into the ground. The w*rk world gives me little to no fulfillment as no one really cares about anything other than getting their money. I have no time for anything resembling a healthy personal life and my health is being affected.
So I am looking to get out after this year is over. This involved re-evaluating my financial goals as it's much sooner than I had anticipated. Instead of "How fast can I reach multi-millions $$$". I am now "How fast can I passively cover all my expenses". I decided early this year and thus my countdown started with 300 days. I'm now at 125 days! (166 if I can last for an additional mini-bonus)
Breakdown: 26 yrs/old. Currently have ~325,000 saved up from this j*b (which I have mostly in TD e-series equities). I am expecting to have around 375,000 or thereabouts by the end of the year.
No matter how I slice it, this isn't enough for full retirement. I made a couple investing mistakes as well by buying into the market when everything was very high which is biting me in the rear today. And though I am very good at living very cheaply and could get pretty close to making it. I am likely not going to be happy with my current standard of living for much longer.
I see myself wanting to move to downtown big city, get a better apartment, get a better car, and go out more. Just moving to the big city alone is going to make everything go up This is going to balloon my expenses from ~ $17,000 to easily $25,000 or $30,000 per year.
So I'm going to need another j*b. I am still young (though this career has made me feel much older than I should), but hopefully after being done I can take 6 to 12 months off and feel refreshed again. Then I will be looking into another job that is much less stress and commitment. Even if it's just 20 hours / week and covers my expenses, I can at least just let my savings grow.
Problem: One more year that this current j*b is like 5+ years at any other j*b. Taking that pay cut is a really tough pill to swallow.
So have been reading for a couple years now and posted a few times and have the latest update. Let me know if I am crazy or have any advice/suggestions.
My situation is that I used to be entirely dedicated to becoming wealthy and I am saving very aggressively with my current j*b, but it is utterly exhausting and running me into the ground. The w*rk world gives me little to no fulfillment as no one really cares about anything other than getting their money. I have no time for anything resembling a healthy personal life and my health is being affected.
So I am looking to get out after this year is over. This involved re-evaluating my financial goals as it's much sooner than I had anticipated. Instead of "How fast can I reach multi-millions $$$". I am now "How fast can I passively cover all my expenses". I decided early this year and thus my countdown started with 300 days. I'm now at 125 days! (166 if I can last for an additional mini-bonus)
Breakdown: 26 yrs/old. Currently have ~325,000 saved up from this j*b (which I have mostly in TD e-series equities). I am expecting to have around 375,000 or thereabouts by the end of the year.
No matter how I slice it, this isn't enough for full retirement. I made a couple investing mistakes as well by buying into the market when everything was very high which is biting me in the rear today. And though I am very good at living very cheaply and could get pretty close to making it. I am likely not going to be happy with my current standard of living for much longer.
I see myself wanting to move to downtown big city, get a better apartment, get a better car, and go out more. Just moving to the big city alone is going to make everything go up This is going to balloon my expenses from ~ $17,000 to easily $25,000 or $30,000 per year.
So I'm going to need another j*b. I am still young (though this career has made me feel much older than I should), but hopefully after being done I can take 6 to 12 months off and feel refreshed again. Then I will be looking into another job that is much less stress and commitment. Even if it's just 20 hours / week and covers my expenses, I can at least just let my savings grow.
Problem: One more year that this current j*b is like 5+ years at any other j*b. Taking that pay cut is a really tough pill to swallow.
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