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Hi there,
I have come to a few realizations over the past years on my way to F*ck You Money. However, right now I am stuck thanks to having achieved financial independence and potentially retire early at 32 years old through a relatively normal corporate/executive job.
Let me explain:
Then I find myself at 32 being able to take a 3-5 year break. And at 40 actually grind 2-3 years again or get back into corporate. Why am I saying this? My nest egg is enough to retire today and live some experiences that maybe I don't get to live at 40, 45 or 50. Or I become bankrupt and lose the freedom I have today on the way to the jackpot. Why not enjoy retirment life at 32 instead of risking it?
What do you think?
Summary: You have a cushy nest egg at 30 that would aford you to retire very frugally already, that was achieve working a normal corporate job. Building a fastlane millionare life at 30 would be ideal, but there's a risk to building that venture, the opportunity cost of not living 2-5 years of the retired life. If you find yourself in the position to live the F*ck you money retired lifestyle for 5-10 years (instead of a lifetime of frugal money retirement) would you take it knowing that once its over you either pick up a job or start again to build the millionaire lifestyle? It's also possible you get ill or die before 40 or 50 and never get to enjoy the benefits of grinding to build the fastlane business.
I have come to a few realizations over the past years on my way to F*ck You Money. However, right now I am stuck thanks to having achieved financial independence and potentially retire early at 32 years old through a relatively normal corporate/executive job.
Let me explain:
- Whilst dabbling with side-hustles and the right time to quit my job I became an executive with a cushy salary
- I live in Spain (24k average salary) where I made +150k/year combined with the fact I am very frugal
- I have traveled, had partners, worked in corporate and start-ups, bought and payed off a house. Actually enjoyed my time whilst trading time for money.
- Right now I have about 30 years of monthyl expenses as net worth/investments
- I took up a consulting gig after coming back, it pays me about 12k/month working 4 days a week with no reports and no stress. It's only 6 months though.
- Any business I'd start requires 2-3 years of a lot of work, managing people and no security. Uncertain potential that it's going to take me to +1-5M€ exit or salary
- Becoming an executive I can strive for 200-300k a year salary in a few years, relatively safely. Or get stuck at 100k range whilst making the way there, so almost no risk.
- Most of the threads in this forum or youtube influencers can take you to 10k/month but with a risk and not much scalability to hit the jackpot
Then I find myself at 32 being able to take a 3-5 year break. And at 40 actually grind 2-3 years again or get back into corporate. Why am I saying this? My nest egg is enough to retire today and live some experiences that maybe I don't get to live at 40, 45 or 50. Or I become bankrupt and lose the freedom I have today on the way to the jackpot. Why not enjoy retirment life at 32 instead of risking it?
What do you think?
Summary: You have a cushy nest egg at 30 that would aford you to retire very frugally already, that was achieve working a normal corporate job. Building a fastlane millionare life at 30 would be ideal, but there's a risk to building that venture, the opportunity cost of not living 2-5 years of the retired life. If you find yourself in the position to live the F*ck you money retired lifestyle for 5-10 years (instead of a lifetime of frugal money retirement) would you take it knowing that once its over you either pick up a job or start again to build the millionaire lifestyle? It's also possible you get ill or die before 40 or 50 and never get to enjoy the benefits of grinding to build the fastlane business.
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