This is way long.
My boss fired me in 2008 by telling me I had to
go to w*rk somewhere else. My first thought was "Obviously I know something that he doesn't
". He is a few years older with a negative net worth and a "property" that consumes all his free time and money, is still slaving away, and a recent ownership change in the business means he might be in jeopardy himself.
We have been thinking of increasing our WR from 1.5% to just under 2%. We had a CFP review our portfolio last week. 69 years old, quiet and mild mannered, very experienced, well credentialed. He said he could give us his opinion in one sentence: "This portfolio ROCKS!" We weren't expecting that.
My siblings:
#1 - professional with a few letters after the name making big bucks in academia.
#2 - retired from a very modest job, but generally satisfied with life.
#3 - high tech manager/professional in a megacorp with a real bad case of "just one more year".
They are 13, 9, and 5 years my senior.
#1 is always talking about how much they make and how important the j*b is.
A few years ago #1 survived a very large layoff, and as a result had to pick up a few new responsibilities along with some lofty sounding titles. This gets couched into something like "I am so good and so important, I have all these added responsibilities and titles", when, in fact, the place just needs a body they can call the director of such-and-such, and the coordinator of this-and-that and the manager of so-and-so. . . I'm guessing they plan to put real people back under those titles when conditions improve.
#2 just gets by, not having a lot, but having everything they need. #2 believes all the bullsh!t coming from #1.
#3 makes a bundle, but spendarina keeps it from accumulating too fast. They have at least one (and in some cases, more than one) of every current Apple product. They change furniture and appliances just to get new colors --- you get the picture, there. Because of a decade old family feud the #3's and the #1's do not talk. Frankly, I limit my contact with #1 because of all the bragging and stuff I have to listen to.
#1 and #2 believe that #3 is rich, when in fact, they just spend a lot, and it may look like they are rich. I have no clue what they might be worth but I believe it is substantial. I would bet it is not as much as #1 and #2 think -- not that they are incapable of accumulating a lot, but because of their spending.
Here's the deal:
#1 and #2 think I am still between jobs and we are living on Fancy Feast. No sh!t. #3 gets that we are FI but probably doesn't have a clue of the degree of FIness we have achieved, not that I would ever disclose details. We have a very modest lifestyle, 9 and 15 year old vehicles that were considered modest when they were new, and not a lot of "stuff", and we don't replace "stuff" until it is no longer usable, or no longer meets our needs.
I would like #1 and #2 to know that we are FI, but I do not know how to tell them without revealing too much. Even if I just told them directly, I seriously doubt they would believe it. If I showed them the statements, they would probably say I just made that up on the computer.
Thanks for reading.