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41 years old, $5.5M NW. What now?
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Date: December 6th, 2024 3:51 PM Author: Mildly autistic idiot half-breed I could probably get to $6-6.5M by end of 2025 if I liquidate my business interests. HHI is around 500-800k typically.
But what should I do? Kid in grade school for the next 10-12 years, so not like I can leave the states and travel nonstop. Should I gun for $10M? $15M? Our yearly spend is probably 300-350k, but some of those costs should go down over the next few years.
One consideration is with the Trump admin and the likelihood that the market will continue to hit records these next few years. So that would favor working hard, saving as much money in the market, and then re-evaluating in 4 years.
Health isn't the best, but that's because I don't really prioritize it. I'm not sure if quitting all work is suddenly going to fix that. I could def spend more time getting in shape, hiring trainers, etc. though. |
Date: December 6th, 2024 3:59 PM Author: Pearl free-loading death wish sanctuary focus on health now. its more important than making more money (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419739) |
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Date: December 6th, 2024 4:01 PM Author: cyan vigorous candlestick maker cruise ship (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419748) |
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Date: December 6th, 2024 4:11 PM Author: arrogant parlour electric furnace (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419796) |
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Date: December 6th, 2024 4:01 PM Author: Saffron curious gay wizard what are you passionate about? do that. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419744) |
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Date: December 6th, 2024 4:32 PM Author: naked comical center the law (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419871) |
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Date: December 6th, 2024 9:51 PM Author: Arousing Keepsake Machete Public Bath Darnell's cock (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48420866) |
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Date: December 6th, 2024 4:01 PM Author: red judgmental private investor ignore your health and kid and focus on making more money (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419750) |
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Date: December 6th, 2024 4:03 PM Author: Plum point ladyboy CR, I feel like a faggot now for typing that shit I did below (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419757) |
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Date: December 6th, 2024 4:02 PM Author: Plum point ladyboy Scale back on work (obviously can't just do nothing or else while will divocepwn you) but prioritize your health and being as involved as possible with your children and their lives. Maybe fuck some pros on the side. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419754) |
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Date: December 6th, 2024 4:03 PM Author: Twinkling jap reading party You are halfway to success. That's not enough to stop gunning, bro. At $10 million maybe, but not at 5-6. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419756) |
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Date: December 6th, 2024 4:05 PM Author: Mildly autistic idiot half-breed Rule of 72 plus keeping my job should mean that I hit 10M in 4-5 years. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419768) |
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Date: December 6th, 2024 4:09 PM Author: Twinkling jap reading party So bump this thread then. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419784) |
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Date: December 6th, 2024 4:05 PM Author: idiotic balding internal respiration Not flame you need $10 mill if you have a family
Insane you had them before hitting this number tbh |
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Date: December 6th, 2024 4:09 PM Author: scarlet razzmatazz useless brakes The market will be lower 12 months from now, not higher. Also if you have kids you need 10 million to retire. Especially at your annual spend. I didn't even feel financially secure at 10 million, and I especially wouldn't feel secure with 6 or 7 in this current overvalued market. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419781) |
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Date: December 6th, 2024 4:10 PM Author: Twinkling jap reading party TCR. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419787) |
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Date: December 6th, 2024 4:11 PM Author: Mildly autistic idiot half-breed why do you think the market will be lower?
you still open to reach-outs? i started a firm a few years ago and stuck at 750k-2M revenue. Looking for guidance to get over this hump and scale (even to a fraction of what you've done) |
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Date: December 6th, 2024 4:12 PM Author: scarlet razzmatazz useless brakes What kind of firm do you have? Email me calishitlawguru@gmail.com. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419800) |
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Date: December 6th, 2024 4:14 PM Author: Mildly autistic idiot half-breed non PI plaintiff work. will do. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419806) |
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Date: December 6th, 2024 4:13 PM Author: Saffron curious gay wizard how much of a decline do you think will happen and why? (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419804) |
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Date: December 6th, 2024 4:29 PM Author: scarlet razzmatazz useless brakes Valuations are crazy high. The run up in the last few months has been nothing short of insane. There will be a 20% pull back in the next 12 months. I'm 100% sure. I have about 6 million in cash on the sidelines right now that I'm cost averaging 120K/month into VTSAX and VTIAX. But I'll buy a large chunk when the DOW gets into the low/mid 30s. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419858) |
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Date: December 6th, 2024 4:33 PM Author: Saffron curious gay wizard ty (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419876) |
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Date: December 5th, 2025 5:41 PM Author: ruddy home another CSLG fail despite "I'm 100% sure" (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#49487022) |
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Date: December 6th, 2024 4:16 PM Author: Pearl free-loading death wish sanctuary incorrect, trump will do everything in his power to make stocks go up. including controlling the fed policy/money printing (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419812) |
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Date: December 6th, 2024 7:56 PM Author: Cracking mewling personal credit line (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48420479) |
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Date: December 6th, 2024 4:12 PM Author: arrogant parlour electric furnace work 20-25 hours a week, workout 10-15 hours a week, and the rest spend on the kids/family
kings didn’t have it this good |
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Date: December 6th, 2024 4:14 PM Author: Slippery theatre stain Biglaw? (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419808) |
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Date: December 6th, 2024 4:16 PM Author: Mildly autistic idiot half-breed started a firm (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419817) |
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Date: December 6th, 2024 4:36 PM Author: dead citrine sneaky criminal Would be a good title for a comedy movie starring Spaceporn (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419882) |
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Date: December 6th, 2024 4:32 PM Author: naked comical center (me in a couple years) (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419869) |
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Date: December 6th, 2024 4:36 PM Author: useless low-t university brethren Real talk: how did you stack that much cash by 41 on only 500-800k income? (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48419885) |
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Date: December 6th, 2024 6:52 PM Author: Mildly autistic idiot half-breed (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48420302) |
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Date: December 6th, 2024 6:53 PM Author: cruel-hearted cerebral rigpig pisswyrm this is a very similar situation as me (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48420306) |
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Date: December 6th, 2024 8:34 PM Author: Avocado circlehead locus Is your kid still on the INSIDE PATH for A TOP 3 HIGH SCHOOL
http://www.autoadmit.com/thread.php?thread_id=4095386&mc=228&forum_id=2#36944394 |
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Date: December 6th, 2024 9:43 PM Author: charismatic stag film I'm in a similar situation. I feel rudderless and a bit bored about my current biz (non-law). Thinking of starting a new biz but not sure what. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48420845) |
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Date: December 7th, 2024 8:06 AM Author: Mustard Big Lay r u hiring (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48421503) |
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Date: December 7th, 2024 8:16 AM Author: diverse queen of the night persian Lawyers need 2 die (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48421516) |
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Date: December 7th, 2024 9:32 AM Author: Flickering market famous landscape painting Silver lining - we all will! (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48421602) |
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Date: December 7th, 2024 9:47 AM Author: Twinkling jap reading party Speak for yourself. I'm immortal. (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48421616) |
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Date: December 7th, 2024 10:05 AM Author: confused laughsome affirmative action Still having sex with men for money. Still negative NW. When moon? (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48421666) |
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Date: December 7th, 2024 10:08 AM Author: thirsty pervert pointless thread, what diff will it make if ur NW is 5.5 or 10.5? u are a slave stuck in US for 10-12 years. unless u have some hobby or business idea u can do in the US u shld just continue doing the goy lifestyle, ur NW will go up no matter wat (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#48421670) |
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Date: December 5th, 2025 5:56 PM Author: mint background story Call it a day once you hit $10-11M (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#49487058) |