Hi All, from NC and 54, wife is 52. Wife retired from Mega Corp a couple of years ago after being there for 30 years. My career has been pretty successful and gave her the freedom to choose. I'm happy about the choice she made and I'm a bit jealous.
I'm still working FT and really detest my work and the thought of going there every day
I started a company back in 2009 and it was very successful.
I did an asset sale of my company in 2015 and it's been mismanaged and downhill ever since. I have a 7 mil note, that is payable upon success of the company which may or may not ever materialize. I also retained 30% ownership with no cash out.
The asset purchase of my company and the stress of what I perceive as mismanagement, has me unmotivated and on the brink of despair non-stop. One of those situations that kind of sucks the life right out of you.
Sorry to be a debbie downer but venting in an optimistic way if that makes sense. I want the company to succeed, but if it doesn't, I'm pretty happy with what I have
I'm feeling like quite a loser for even thinking of bailing on the company I started but also trying to consider the lack of enjoyment that my 12 to 14 hour days are causing me and what's the point of success if you can't enjoy it?
After being self employed for the last 13 years, I don't think I could ever put on a suit and drive downtown to work for the man again so considering ER. I used to do consulting as a software engineer before my start up in 2009.
My wife and I currently have about 940k in cash, 570k in 401k's, 1 mil equity in our current home with no mortgage and no debt. We'll get about 57k yr combined in SS if we wait until 67. 13 years is quite a while though but could start earlier if we had to. I currently earn 160k per year, down from 200k due to pay cuts .
I plan to sell my current home in the next year or two, move further south and buy cheaper. Maybe add another 500 or 600k to the cause.
I'll be honest, I used FIREcalc and all came out good with multiple scenarios but really need to dig a bit deeper to see what our monthly expenses are. We're pretty frugal for the most part but too much work to spend excessively.
My kids each have 2 years left in college and each has 35k in the bank as a starter fund. The rest of their college is on my dime, probably 40k per year or so for the next 2 years.
I know there are many of you in that are or were in the same position and while I hate to pull the trigger too soon, I also don't want to wait until it's too late either. Thinking a career shift at this point will be too tiring and want to kick back for a while if I can pull it off. Finally get to the hobbies I've been dreaming about for years.
Just wondering of you folks had any advice for a dreamer on the verge and to say hello..
Thanks.
I'm still working FT and really detest my work and the thought of going there every day
I started a company back in 2009 and it was very successful.
I did an asset sale of my company in 2015 and it's been mismanaged and downhill ever since. I have a 7 mil note, that is payable upon success of the company which may or may not ever materialize. I also retained 30% ownership with no cash out.
The asset purchase of my company and the stress of what I perceive as mismanagement, has me unmotivated and on the brink of despair non-stop. One of those situations that kind of sucks the life right out of you.
Sorry to be a debbie downer but venting in an optimistic way if that makes sense. I want the company to succeed, but if it doesn't, I'm pretty happy with what I have
I'm feeling like quite a loser for even thinking of bailing on the company I started but also trying to consider the lack of enjoyment that my 12 to 14 hour days are causing me and what's the point of success if you can't enjoy it?
After being self employed for the last 13 years, I don't think I could ever put on a suit and drive downtown to work for the man again so considering ER. I used to do consulting as a software engineer before my start up in 2009.
My wife and I currently have about 940k in cash, 570k in 401k's, 1 mil equity in our current home with no mortgage and no debt. We'll get about 57k yr combined in SS if we wait until 67. 13 years is quite a while though but could start earlier if we had to. I currently earn 160k per year, down from 200k due to pay cuts .
I plan to sell my current home in the next year or two, move further south and buy cheaper. Maybe add another 500 or 600k to the cause.
I'll be honest, I used FIREcalc and all came out good with multiple scenarios but really need to dig a bit deeper to see what our monthly expenses are. We're pretty frugal for the most part but too much work to spend excessively.
My kids each have 2 years left in college and each has 35k in the bank as a starter fund. The rest of their college is on my dime, probably 40k per year or so for the next 2 years.
I know there are many of you in that are or were in the same position and while I hate to pull the trigger too soon, I also don't want to wait until it's too late either. Thinking a career shift at this point will be too tiring and want to kick back for a while if I can pull it off. Finally get to the hobbies I've been dreaming about for years.
Just wondering of you folks had any advice for a dreamer on the verge and to say hello..
Thanks.