Hello all,
As many others have previously stated, thank you all for building such a great resource and community here. It seems like many lurkers have come forth lately and I am in the same boat. I will be brief about my situation as it has little to do with my ability to FIRE. I am in my late 30s, married, and have three young children under the age of 10. I started a financial services company in my mid-20s and started to make a great living about three years into the business. I recently sold the company and have a net worth just north of $15,000,000. I have a very good grip on our financial situation post FIRE as our passive/investment income greatly exceeds our annual needs/expenditures. We feel extremely blessed to be in this situation, but I certainly came at a significant sacrifice of blood/sweat/tears/time away from anything other than the business. That being said, any input from community members who have already entered the retirement stage on the following questions would be very much appreciated.
1) knowing what you know now about retirement, is there anything you would do differently if you could start over again?
2) taking all of your experiences in retirement into consideration, is there any advice that you would give to someone in my situation who is entering the FIRE stage at a relatively young age?
3) are there any members who may have FIRE’d at a younger age and had the inevitable awkward conversations about “what you do” or “tell me about your job”? I don’t like to even pose this question here because it sounds like a very “First world problem”, but I’ve encountered this very conversation a number of times recently and it’s been weird each time. I’m a terrible liar and I’m not ashamed of what I’ve been able to accomplish, so my inclination is to just tell people the truth without much detail. Any insight from others here would be much appreciated on how you navigate these conversations.
Thanks again for all that you folks give to peoples like me and I hope to be able to do the same for others here I’m the future.
As many others have previously stated, thank you all for building such a great resource and community here. It seems like many lurkers have come forth lately and I am in the same boat. I will be brief about my situation as it has little to do with my ability to FIRE. I am in my late 30s, married, and have three young children under the age of 10. I started a financial services company in my mid-20s and started to make a great living about three years into the business. I recently sold the company and have a net worth just north of $15,000,000. I have a very good grip on our financial situation post FIRE as our passive/investment income greatly exceeds our annual needs/expenditures. We feel extremely blessed to be in this situation, but I certainly came at a significant sacrifice of blood/sweat/tears/time away from anything other than the business. That being said, any input from community members who have already entered the retirement stage on the following questions would be very much appreciated.
1) knowing what you know now about retirement, is there anything you would do differently if you could start over again?
2) taking all of your experiences in retirement into consideration, is there any advice that you would give to someone in my situation who is entering the FIRE stage at a relatively young age?
3) are there any members who may have FIRE’d at a younger age and had the inevitable awkward conversations about “what you do” or “tell me about your job”? I don’t like to even pose this question here because it sounds like a very “First world problem”, but I’ve encountered this very conversation a number of times recently and it’s been weird each time. I’m a terrible liar and I’m not ashamed of what I’ve been able to accomplish, so my inclination is to just tell people the truth without much detail. Any insight from others here would be much appreciated on how you navigate these conversations.
Thanks again for all that you folks give to peoples like me and I hope to be able to do the same for others here I’m the future.