plut0 | 5 years ago | on: Ask HN: Anyone here retire early, how do you like it
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plut0 | 5 years ago | on: Ask HN: Anyone here retire early, how do you like it
I have one kid and a wife.
Right now, we're at ~$1.1M net worth right now, most of it liquid.
Not too long ago, I remember taking out a $10,000 loan and feeling overwhelmed by this number. I had no idea how I'd pay off such a huge amount.
At that point, I thought $30,000/yr was enough to live on.
Right now we're building a house, that we'll have paid off in ~4 years, worth $700K.
Not too long ago, $450/month for an apartment felt like an unneeded extravagance.
All of this to say... this number is a moving goalpost. At $1M, your mindset may have changed. Your life situation may have changed. Your priorities may change.
In fact, most likely they will.
Right now I'm struggling to define this elusive number for myself. I don't know if $3M will be enough, nor $5M.
Instead, I'm turning inward to figure out what is joy in the present moment?
If I can achieve that, nothing else will matter, since joy will be my reality every day.
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It's in investment accounts, cash accounts, cryptocurrencies.
All of which I could sell and withdraw cash in 1-2 days.