Negotiated to sell my company for its book value and release of a personal guarantees. I was told that I could run the company as I've always done for as long as I chose. After posting the companies 2nd best (29yrs)12 month performance ever, I was terminated unexpectedly for "running the company like I owned it". A thirty second phone call while I was on vacation last August. Got 6 months notice and one year severance. Unfortunately the sale required a 5 year non compete from sale date and moved into "dream home" - now a nightmare as my replacement lives across the street.
From the day before the sale until now I have been fortunate been fortunate enough to:
Increased my net worth 2.5 mm
Liquidity went from 30% to 70%
Have my son choose an in state college so his educational fund is more than enough (sister went out of state)
Found this site and firecalc
I'm pretty sure I'm good financially but that's always a worry. I just hopeful the regrets/anger over how I was terminated will subside soon.
Sent from my iPad using Early Retirement Forum
Congrats! Keep calm & keep on sailing. Worries & anger not worth your time. Another successful story of a millionaire next door.