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41 years old, $5.5M NW. What now?
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Date: December 6th, 2024 3:51 PM Author: glittery ruby menage 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: vigorous amber office 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: Fragrant Godawful Hospital Sneaky Criminal (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: exhilarant plum sweet tailpipe ceo (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: Black milk bawdyhouse 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: stirring preventive strike area 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: territorial theater stage 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: transparent cruel-hearted market 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: idiotic garrison 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: idiotic garrison 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: swashbuckling goal in life messiness 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: glittery ruby menage 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: swashbuckling goal in life messiness 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: glassy cerebral crackhouse 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: Dashing Ivory Meetinghouse 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: swashbuckling goal in life messiness 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: glittery ruby menage 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: Dashing Ivory Meetinghouse 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: glittery ruby menage 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: Black milk bawdyhouse 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: Dashing Ivory Meetinghouse 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: Black milk bawdyhouse 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: brindle gunner 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: vigorous amber office 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: Seedy mustard dilemma (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: exhilarant plum sweet tailpipe ceo 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: Blue pontificating volcanic crater 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: glittery ruby menage 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: Aphrodisiac chest-beating chapel potus 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: stirring preventive strike area (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: grizzly community account dragon 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: glittery ruby menage (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: Amethyst laughsome stage wrinkle 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: Multi-colored adulterous athletic conference mood 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: Aromatic federal school cafeteria 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: irradiated primrose public bath 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: concupiscible toilet seat 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: Brass set love of her life 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: swashbuckling goal in life messiness 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: slate rehab 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: Arrogant abode 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: Trip Pocket Flask Brunch Call it a day once you hit $10-11M (http://www.autoadmit.com/thread.php?thread_id=5645459&forum_id=2#49487058) |