Advice for anons with kids - if your goal is to build generational wealth, your "exit number" should take into account what you need to live off of AND how you want your children set up.
This changes the math, changes how you approach wealth preservation (slightly), and requires you to do some process work that a lot of people might not be thinking of (ex: life insurance, trust).
Happy to share what I'm doing if there's interest in the Jungle. I've dealt with or am currently dealing a bunch of this stuff (mid-30s, high NW with kids).
Read this FIRE blog, Early Retirement Extreme. Physicist who couldn't get a real job, so he spent his time sewing up the holes in his socks to save money. From the I-shit-you-not department. Let's just say I read BTB now and I never learned to sew.
If you’re in a mid level ‘career’ (tech/sales/wallst) making $500k/yr and your wifi income is 750k, you are advocating that that person shouldn’t quit and go all in? just because wifi income isnt 2x? Doesnt sound right.
How much longer to live at home? Turning 30 in a few weeks and I’m making about $175k. Maybe I’m being cheap but just seems dumb to get a $3k+ place in nyc (have to go into the office once a week or two), also been there and done that. Moved back home with parents and have been stacking. Gonna try to get a second gig.
Dis really good. I too used to be a FIRE fanatic, but you’re absolutely right that they don’t account for kids/things costing more in the future. Also, much easier to get the $$$ now w momentum vs having to re-enter the workforce down the road if your calcs don’t work out.
Want to start my own business but have no idea where to start. Work in b2b sass marketing agency w clients (google/linkedin ads). With the rise of SaaS is it worth switching over to sales or starting a side consulting business?
Been subscribed for a few months. Stack been amazing nothing but good info learning more from it than college. Im still dumb as shit though can anyone point me in the direction of the best stacks for starters that talk about starting a business/ real basic computer coin shit? Not looking to be spoon fed the info want to read it for myself.
Speaking of 'meat being rare', I'm wondering if you're the one who dumped a bunch of crickets into my domicile, like it was a 2035 All-You-Can-Eat Buffet?
Advice for anons with kids - if your goal is to build generational wealth, your "exit number" should take into account what you need to live off of AND how you want your children set up.
This changes the math, changes how you approach wealth preservation (slightly), and requires you to do some process work that a lot of people might not be thinking of (ex: life insurance, trust).
Happy to share what I'm doing if there's interest in the Jungle. I've dealt with or am currently dealing a bunch of this stuff (mid-30s, high NW with kids).
Read this FIRE blog, Early Retirement Extreme. Physicist who couldn't get a real job, so he spent his time sewing up the holes in his socks to save money. From the I-shit-you-not department. Let's just say I read BTB now and I never learned to sew.
Speaking of scams, got an email recently from "Metamask" claiming they were subject to new KYC regulation and needed to "verify my identity" (ha).
Obvious scam is obvious, but. Wild out there, particularly for the uninitiated.
Thank you.
You aren't joking about God slapping you in the face right before you cross the finish line
Couldn't find your email, so I will just write here.
Mr. Bull, ser, may I have a month trial of the Defi substack so I can generate some serious alpha?
If you’re in a mid level ‘career’ (tech/sales/wallst) making $500k/yr and your wifi income is 750k, you are advocating that that person shouldn’t quit and go all in? just because wifi income isnt 2x? Doesnt sound right.
You've mentioned rising crime and CoL in cities a number of times. To be clear - do you recommend against living in a city even when you're young?
How much longer to live at home? Turning 30 in a few weeks and I’m making about $175k. Maybe I’m being cheap but just seems dumb to get a $3k+ place in nyc (have to go into the office once a week or two), also been there and done that. Moved back home with parents and have been stacking. Gonna try to get a second gig.
Dis really good. I too used to be a FIRE fanatic, but you’re absolutely right that they don’t account for kids/things costing more in the future. Also, much easier to get the $$$ now w momentum vs having to re-enter the workforce down the road if your calcs don’t work out.
Want to start my own business but have no idea where to start. Work in b2b sass marketing agency w clients (google/linkedin ads). With the rise of SaaS is it worth switching over to sales or starting a side consulting business?
Been subscribed for a few months. Stack been amazing nothing but good info learning more from it than college. Im still dumb as shit though can anyone point me in the direction of the best stacks for starters that talk about starting a business/ real basic computer coin shit? Not looking to be spoon fed the info want to read it for myself.
Speaking of 'meat being rare', I'm wondering if you're the one who dumped a bunch of crickets into my domicile, like it was a 2035 All-You-Can-Eat Buffet?