I did not look at the details of your financials, but assuming they add up and you are ready to call it quits, you should do so guilt free and enjoy it! The only thing is make sure your wife is on board.Hi,
I have read a story about the young boy who goes to a farm and was assigned a work to do it in a week.
Here is the catch: If the boy do it early, boy can take the rest of the week off and also get double or triple the pay based on how early the boy completes the work.
A similar task/offer for us is reaching FIRE number. We get to quit working after reaching FIRE number, not sure how to relate to getting paid more if we reach FIRE early.
I am burned out and outdated in skills. Not able to encourage myself to upskill or even do the needed minimum work.
due to
1. burnout
2. unclear path to upskill. (Internal tools and no good documentation)
3. Expectations of fast delivery, which I see other people, especially younger people of say age around 30 are able to do and deliver well, while with my best attempts I couldn't even reach 25% of their work at the same amount of time. This situation started only recently in mid 2024 due to market needing different skill sets and what I used to know is commoditized or outsourced.
Age Me: 40, DW:35(SAHM)
Kids: 2 kids under age 10
State: NJ
Monthly expenses: $10k ($6k for house and $4k for other expenses)
Can cut down to $7k by moving to a smaller house.($3k for house and $4k for other expenses)
All that money is just bogleheads 3 fund portfolio. It needs to be used for anything like kids education to health insurance
It is all just one pot of money in taxable and retirement broker accounts. No house. We rent.
DW is ok with any choice I make. Both of us prefer to pursue a house for some stability in life and have a better lifestyle compared with a rental. If I retire, I will have to continue to rent a little longer. We are ok with that too.
Thank you for your time.
Too many people live their lives to others' expectations.
Statistics: Posted by Boglenaut — Wed Jan 01, 2025 2:43 pm
