Net Worth Multi-Millionaire
GM Everyone
As you’ll see from many others, there’s no one else I can really share this with other than my wife & father. Currently at 2.062M (including $550k paid off home) I’m not someone that ever really includes our home, but neat to see we cracked the 2M milestone
Ballpark of our current finances (36M/35F):
401k: $664,000
Spouse 401k: $132,000
Taxable: $550,000
HYSA: $128,000
IRA: $36,000
Total: Roughly $1.51M, not including our home
Annual Spend: $42k
Looking to leverage our position sometime between August & Feb to quit my corporate job & take a gap year, simply to recalibrate, focus on family & think about what I want to do next. Wife is 10000% supportive of the decision, in fact she wants me to quit asap, but I want to accumulate a bit more. Ideally, if i make it til Feb, I can earn 1 more annual bonus. Although I’ve run all the simulations and the data tells me that waiting changes very little, I still lean towards additional security. The job no longer resonates with me & corporate continues to make our day to day increasingly more difficult. I’m saving/investing about $15k/month and to be honest, it’s no longer a motivator. It’s time to move on, I just need to pick a timeline and stick with it.
Also worth pointing out, I’ve been very intentional with our finances, especially our Taxable account. At the end of this month, $100k of the Taxable account will be in SGOV, an added security buffer to aid our HYSA while I take time away. My plan is to add a bit more to HYSA between June-Aug, then divert the rest of our income to VTI/VXUS before ultimately quitting in Feb. i’d then use the Bonus to cover our expenses for 1+ years so we don’t have to stress it.