I’ll be submitting my resignation at Meta in the middle of March and my wife will be submitting hers at Microsoft this July. If we can do it, you can too!! Ages: 39 (me), 35 (wife), 7 (daughter 1), 3 (daughter 2) TC: 430k for me as a E6 TPM at Meta, 490k for my wife who is a L66 Eng Manager at Microsoft. We started at much lower TC and worked upwards. Assets: 5M in investments, 2M value of our home in Bellevue, Washington, 700k value of our rented apartment in downtown Seattle, 2 homes our parents left us in India worth around 350k total. Liabilities: 540k loan on a 2.125% 30-year fixed rate mortgage on primary home, 380k loan on 2.5% fixed rate 30-year mortgage. Other information: we just got permanent residency and our daughters are US citizens. We’re planning to live in the US until our daughters go to college and then possibly travel / move to a lower cost of living country if needed as a backup.
What are you planning to do in next 10 years ?
What will you spend time on?
Relax for a couple years, spend a ton of time with our kids and then start a low-key non profit.
How did you build such a massive NW at 39? Was it just the RSU appreciation or anything else?
add the 2 TC together, it pretty good
Both of our TCs were the main reason. Honestly we didn’t do anything special but we also didn’t splurge like crazy. We did nice vacations but no business class trips at all for example. We have a Merc but didn’t buy a second car. Generally just kept expenses in control but certainly weren’t living crazy frugally.
Congrats! We are at 5M NW and $400K passive income (and an additional 500K W2) but it's still hard for us to make that decision. Age: 32/30 Would recommend selling your downtown Seattle condo, rolling it into a stronger cash flow investment and living the passive income dream. Same for the India homes, sell them and roll into stronger cash flow investments in US and you can probably generate $10-15K of passive cash flow a month.
How do you generate this much passive income?
Bunch of investments in real estate across the US and doing value adding strategies on them such as BRRR, short term rental etc. We also own a property management business that we have hired a property manager full time to manage our and client properties and let it run and cash flow (it's a win-win for both us and our clients). Even though I say it's passive, it's still a couple of hours/week of effort to review portfolios performance, accept rehab requests from property manager etc.
congrats!! 🎉 can you break down what your tc and net worth was year after year? i’m curious where u were each step
I’ll pull up the details and add to the post tomorrow. Here’s the rough picture: Our combined TC when we got married nine years ago was around 320k. My wife jumped to Amazon six years ago and I went to Google subsequently. By that time our combined TC was around 550k. Wife became an engineering manager and moved to Microsoft a couple years ago and I moved to Facebook about the same time. I think our combined TC was around 750k at that time. Stock appreciation helped it grow to close to a million last year until the recent crash dropped it down.
Congrats you guys are living the dream! 🎉
Thanks!
Living off the $5M is the idea?
Yes for a few years while we sell our condos and homes in India. Then, the plan is to live off of the money we made with those for a while and let our primary investment grow.
damn how did you get to 5mm investment?
Two incomes that got us to a combined 300k+ TC even nine years ago, big TC increases in the last six years, not splurging money and index funds.
If I recall correctly our combined net worth was about 500k when we got married nine years ago. I’ll pull up more details since others asked the same question.
dang if TPM get that much why we all still coding lol
I’m sure that TC includes stock appreciation
as it should, TC is TC, not unvested value from several years ago