SeminalSuliman
Confused about dryer sheets
- Joined
- Jan 6, 2023
- Messages
- 2
Hello there, SeminalSuliman at your service.
I'm so glad to have found this forum. I'm a born and raised gutter group home kid who was pretty much abandoned by a terrible single parent at 13, and... well, its almost two decades later. Thanks to my service humping a rifle around the Middle East in the 2000's I got college paid for, and then after I was done with school I ended up working in a startup that has been pretty successful all things considered. For the first few years it was just funny money, worth... nothing. People were selling them back to the company at 10$ a share.
But one thing led to another, and a successful IPO came. Once the options I was granted became real money, my diligence kicked in and I knew I had to get smart with my money. This is why I became aware of FIRE, and it was almost a life saving revelation for me. I, like a lot of my peers, hate my job with a fiery passion despite being skilled at it. Its like digging a hole every day with my mind, absolutely no happiness or sense of achievement gained despite constant promotions and pats on the back. I couldn't believe this money I was coming into made it possible for me to do what I do best: live frugally and spend my life reading philosophy and taking courses and spending my life happily.
I live with my partner of seven years who I don't plan to marry (we both discussed it, its just not our thing) nor do we plan to have children. Pretty frugal, we both drive >15 year old cars. We do travel at least twice or three times a year, and I splurge points and cash on business class once a year for our anniversary. She's going to go to law school soon, and I plan to be retired as soon as my total accounts hit $2.3M. After that, I'm riding a variable SWR of ~3.8% (give or take, adjustable down or up depending on market conditions).
For the nitty gritty, I got two major packages of options. My first package I immediately liquidated as soon as I had the chance and yielded about $1M after taxes around September of 2021. I immediately threw it all into a Vanguard taxable and put it into VT. God that felt good! Unfortunately today its been shaved to around $800K thanks to this bear market. But when in doubt, zoom out right!
I now have my second option package kicking in which is hitting its year long maturation after I bought them. Its a dilemma for me. Do the right thing, diversify out of the company that signs my paychecks and sell the package, take the small(er) yield of about $300K and throw it into the market . Or wait for the price to rise (I have... reasonable confidence it will) and then sell it hoping I can retire earlier. Good problems to have.
So, in total:
Taxable: $800K currently.
Non-taxable or Tax Deferred: None, I don't plan to retire late enough. I plan to be done well before 59.
Stock options: At current prices, $300K.
Property: None, will not be buying a home at least not anytime soon.
Emergency fund: Six months of living expenses in cash.
My last point guys, so glad I found this forum. As I mentioned, I'm a simple guy. Group home kid. Infantryman. The underachieving smart kid in high school who rode my mind to millions of dollars, and I just want to have enough to finally be left alone. But money... I am thankful for these problems but I feel so overwhelmed. No parents to help me understand, no one. I hope this place can help me, and vice versa.
Thanks, glad to be here.
I'm so glad to have found this forum. I'm a born and raised gutter group home kid who was pretty much abandoned by a terrible single parent at 13, and... well, its almost two decades later. Thanks to my service humping a rifle around the Middle East in the 2000's I got college paid for, and then after I was done with school I ended up working in a startup that has been pretty successful all things considered. For the first few years it was just funny money, worth... nothing. People were selling them back to the company at 10$ a share.
But one thing led to another, and a successful IPO came. Once the options I was granted became real money, my diligence kicked in and I knew I had to get smart with my money. This is why I became aware of FIRE, and it was almost a life saving revelation for me. I, like a lot of my peers, hate my job with a fiery passion despite being skilled at it. Its like digging a hole every day with my mind, absolutely no happiness or sense of achievement gained despite constant promotions and pats on the back. I couldn't believe this money I was coming into made it possible for me to do what I do best: live frugally and spend my life reading philosophy and taking courses and spending my life happily.
I live with my partner of seven years who I don't plan to marry (we both discussed it, its just not our thing) nor do we plan to have children. Pretty frugal, we both drive >15 year old cars. We do travel at least twice or three times a year, and I splurge points and cash on business class once a year for our anniversary. She's going to go to law school soon, and I plan to be retired as soon as my total accounts hit $2.3M. After that, I'm riding a variable SWR of ~3.8% (give or take, adjustable down or up depending on market conditions).
For the nitty gritty, I got two major packages of options. My first package I immediately liquidated as soon as I had the chance and yielded about $1M after taxes around September of 2021. I immediately threw it all into a Vanguard taxable and put it into VT. God that felt good! Unfortunately today its been shaved to around $800K thanks to this bear market. But when in doubt, zoom out right!
I now have my second option package kicking in which is hitting its year long maturation after I bought them. Its a dilemma for me. Do the right thing, diversify out of the company that signs my paychecks and sell the package, take the small(er) yield of about $300K and throw it into the market . Or wait for the price to rise (I have... reasonable confidence it will) and then sell it hoping I can retire earlier. Good problems to have.
So, in total:
Taxable: $800K currently.
Non-taxable or Tax Deferred: None, I don't plan to retire late enough. I plan to be done well before 59.
Stock options: At current prices, $300K.
Property: None, will not be buying a home at least not anytime soon.
Emergency fund: Six months of living expenses in cash.
My last point guys, so glad I found this forum. As I mentioned, I'm a simple guy. Group home kid. Infantryman. The underachieving smart kid in high school who rode my mind to millions of dollars, and I just want to have enough to finally be left alone. But money... I am thankful for these problems but I feel so overwhelmed. No parents to help me understand, no one. I hope this place can help me, and vice versa.
Thanks, glad to be here.
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