Millionaires on blind, Why stilll work?

Nov 28, 2019 79 Comments

just hit my goal of reaching a million dollars in total networth (stocks, cash, crypto. excluding house and 401)

I own a house thats fully paid off. My parents passed it down to me. they now live in Nevada

thinking I should retire and spend time with my family. maybe start a blog or youtube channel. lol

Age: 29
Married: Yes
Kids: 1
TC: 280k
networth: 1.4m

Edit: my wife will still work to provide the family with health insurance. so maybe jot retire full time but be a stay hhome day

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TOP 79 Comments
  • LinkedIn
    U๐Ÿ’ฐS๐Ÿ’ฐD

    Go to company page LinkedIn

    U๐Ÿ’ฐS๐Ÿ’ฐD
    1.4M doesnโ€™t go very far especially with 1 kid.
    Nov 28, 2019 8
    • New
      slendbd

      New

      slendbd
      If you keep it invested, why would you worry about inflation? The real inflation-adjusted IRR of the market is strictly positive, and if you compare it against the CPI index you can see how stocks are a very good inflation hedge, which is obvious since they are an equity investment.
      Dec 1, 2019
    • Google / Eng
      sxh3a3

      Go to company page Google Eng

      sxh3a3
      The 4% safe withdrawal rate, which is where the 240k/yr mentioned up thread comes from, accounts for inflation.
      Dec 2, 2019
  • WeWork / Mgmt
    WeProfits

    Go to company page WeWork Mgmt

    BIO
    CEO of the We Company.
    WeProfits
    Try it out and come back with a AMA.
    Nov 28, 2019 0
  • โ€œI own a house thats fully paid off. My parents passed it down to me. they now live in Nevadaโ€

    If only we are all that lucky
    Nov 28, 2019 2
  • IBM / Eng
    Yare2Daze

    Go to company page IBM Eng

    Yare2Daze
    As an ex google ex Facebook ex married tech lead, I continue working because not working is what lazy bums like you like to do
    Nov 28, 2019 5
    • Apple
      LC->TC

      Go to company page Apple

      LC->TC
      โ€œPeople who do things differently from me are all worthless assholes who are just wrong because there is only one set of right values - mineโ€
      Nov 29, 2019
    • IBM / Eng
      Yare2Daze

      Go to company page IBM Eng

      Yare2Daze
      The four of you above who took it seriously, it's a joke about the tech lead. He is a YouTube wannabe software guru
      Nov 29, 2019
  • VMware
    burned

    Go to company page VMware

    burned
    I got 4m net worth with about 1.6m in mortgage loans as I own multiple real estate investments. My liquid assets are around 1.2m. 2 kids and I realized I got some freedom to choose what I want to do, but can't stop working yet. Gymnastics is a good 3k a year + travel, soccer is 2.5k, swimming team 2k, ski team 2.5k + season passes for the whole family, coding lessons for 8 year old 2k a year, forget instrument, travel summer camp or vacation... Overall we got about 170k in expenses with pretty much home cooking and one vacation a year, usually using miles and points.
    Nov 28, 2019 6