Thanks for your comments. I did not make this much for long, my salary was below 50k for first 6 years, 100k-200K between 2006 and 2016, and I only make this much since 2021. And totally agree that if my salary today was 90k, things would be different, at my current salary I add significant wealth per year. 90k would not move the needle and hence conclusion would be to retire. Same if I had 50M with todays salary, I’d stop in a heart beat as the salary would not move the needle.Watching threads of this type, my own biased eyes marvel at the high salaries so often mentioned... but not at the total portfolio amount. The OP has done fantastically well, but the ratio of his net worth to his gross annual salary is maybe 10:1 or 15:1. I don't mean to imply that the OP was an insufficiently assiduous saver, or a poor investor, but the fact remains, that with such high earnings capacity relative to net-worth, it's really really hard to avoid OMY.
Consider instead if the OP had $50M. Or if his current salary were only $90K, with the same $9M portfolio. Then the discussion would be arrantly different, would it not?
I say, work a few more years. Why not? What is so burningly appealing, so compelling, that the OP might be doing as a retiree, that he can't do as a full-time employee? Travel? Take leave without pay. Hobbies? Go develop a nascent hobby, then retire once one becomes really good at it. Sports of fitness? Easily accommodated while still working full-time. Relationship with family? Well, aren't the kids at an age, where they're embarrassed to be seen with Mom and Dad anyway?
In general, I also wonder at the many « you are wasting your life working » comments, and what it may imply about happiness at the work place and life in general. It seems somewhat black and white - I experience it much more greyish. Or maybe it is just to give the needed knee-jerk. Sure, If I hated my job to the point of making me depressed, anxious or feeling life's energy saped slowly out of me of course I would quit. Even at current salary levels. When a student I had shit jobs, to the point where I counted the minutes to get out of the hellhole I worked in. Some people spent 42 years working there. Not exactly my job today, thank god. As unwitting_gulag writes, a lot can be optimized, especially as I enjoy great flexibility and so it boils down to the trade-off of the 1500 hours per year where I dont have full control of my time AND certain desired travel/activities in exchange for 1.4M per year pre-tax WITH the experiences/purpose/occasional pain & stress my job does give - and what good that extra money will do.
Statistics: Posted by Bashido — Sun Sep 15, 2024 1:31 am — Replies 64 — Views 6318