So, its about it happen. I'm about to hit my FIRE number. Whats odd is that I've been feeling more financial anxiety the closer it becomes. Fear of the unknown, fear of maybe i screwed up my financial/spending models, fear of what if the market corrects after I FIRE.
My FIRE number has been $3M; which to break that down has meant only one of us would FIRE and the other would continue working to provide health insurance and a financial hedge.
I think my decision will be to increase my FIRE number (yeah, i know, slippery slope) to $3.5M; accounting for a worst case market correction. I hope this will reduce my anxiety, but have a feeling that my scarcity mindset will kick in 12 months later i'll yet again increase my FIRE number. Time will tell.
In other news, regretting my career change from cash cow FAANG-adjacent business to pre-IPO startup. Causing some friction with childcare, home making, and my ability to spend time outside of work. TLDR: The business isn't doing well, and to a degree that falls on my shoulders. Previously I was just a cog, now i am the cog. Which is what i wanted and why I made the move but those decisions are easy when the business is healthy and it doesn't cost you anything. The right thing is probably to resign, and allow them to hire someone with fewer encumbrances.
Financials wise, still living wayyy below our means. I did finally succumb to purchasing a new vehicle even though its a terrible use of capital. Side benefit of the purchase (it was a cash purchase, no financing) is that it made my financial position feel real for the first time. Before these were just numbers in a spreadsheet.
Portfolio wise, continuing to buy International/EMEA ETFs, GOOGL, MU, and Treasuries. Roughly ~30% of my portfolio is now long US Treasury Bonds which feels odd as I don't consider myself a bear, but all signals are saying we're at the tail end of a market-cycle. Regardless, I have a balanced portfolio and either way I'll win.
Asset breakdown
| Stonks | Cash | Real Estate | Other Assets |
|---|---|---|---|
| $2,338,015 | $15,685 | $350,000 | $135,123 |
Assets by year
- 2010 $32,768
- 2011 $41,584
- 2012 $65,494
- 2013 $90,684
- 2014 $94,495
- 2015 $94,849
- 2016 $137,270
- 2017 $321,515
- 2018 $361,655
- 2019 $395,746
- 2020 $798,778
- 2021 $1,134,226
- 2022 $937,175
- 2023 $1,367,012
- 2024 $1,934,897
- 2025 $2,838,823
FIRE Update: 38, no home, no wife, one infant, $2.8M N/W
byu/lolkkthxbye infinancialindependence
Posted by lolkkthxbye