I’m a woman (35F) working as a consultant and earning a salary of $320k annually, and I currently have a net worth of $1.4 million. I’ve always been interested in the idea of retiring early, but I live in a HCOL area and would need at least $3 million total to think about RE. Though I’ve learned a lot from my career and gained many skills, I don’t enjoy it and my quality of life can be pretty poor (e.g., the politics of a large consulting firm are unenjoyable, my clients ask for work at all hours, and my vacation time is often not protected).
I’ve been in a relationship with my perfect match (36M) for almost two years, and we’re planning to marry in the next few months and have a child in the next 2-3 years. When we met, he told me he worked in a trade, and he kept up this financial reputation for about six months before revealing that he doesn’t actually need to work (he just does his hobby because he enjoys developing a skill). He apparently has a net worth of around $60 million (mostly from an inheritance and family business) and is generating $2 million in cash each year excluding interest on investments. He’s recently told me that he wants to share his wealth with me because he wants me to have the same freedom and opportunities that he does. He said he could give me $2 million now so that I feel financially secure enough to make different career decisions, and some other signficant amount (but not all of it) would be shared in a joint account to take care of our daily living expenses.
This all sounds like a dream, at least to me, just because it’s such an unlikely scenario. I feel a bit conflicted though, for the following reasons:
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I’m so used to earning (and saving) my money, that I worry this “windfall” and any choices I make from it won’t be deserved, and so I won’t be able to enjoy them.
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If I quit the job that is making me unhappy now, my friends (who I don’t want to tell about this newfound wealth), will wonder if I’m ruining my life by throwing out my career and they might judge me for being less ambitious.
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My sister, who also doesn’t enjoy her job as a physician, might expect me to help her financially if she sees me living “a good life” without working. I still see this as my fiancé’s money even if he is transferring some of it to me for my benefit, and I’d also need every bit of the ~$3 million (my money plus what my fiancé plans to share) to RE.
Basically, I’m worried about how much my life will change. I realize this is a very lucky situation but I’m also concerned about the implications for all my relationships, and for what it will say about me and my career drive. Has anyone had similar concerns, or can you comment on your experiences with these worries and your own FIRE situations? Thank you in advance. submitted by /u/hard_way_home
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I’ve been in a relationship with my perfect match (36M) for almost two years, and we’re planning to marry in the next few months and have a child in the next 2-3 years. When we met, he told me he worked in a trade, and he kept up this financial reputation for about six months before revealing that he doesn’t actually need to work (he just does his hobby because he enjoys developing a skill). He apparently has a net worth of around $60 million (mostly from an inheritance and family business) and is generating $2 million in cash each year excluding interest on investments. He’s recently told me that he wants to share his wealth with me because he wants me to have the same freedom and opportunities that he does. He said he could give me $2 million now so that I feel financially secure enough to make different career decisions, and some other signficant amount (but not all of it) would be shared in a joint account to take care of our daily living expenses.
This all sounds like a dream, at least to me, just because it’s such an unlikely scenario. I feel a bit conflicted though, for the following reasons:
*
I’m so used to earning (and saving) my money, that I worry this “windfall” and any choices I make from it won’t be deserved, and so I won’t be able to enjoy them.
*
If I quit the job that is making me unhappy now, my friends (who I don’t want to tell about this newfound wealth), will wonder if I’m ruining my life by throwing out my career and they might judge me for being less ambitious.
*
My sister, who also doesn’t enjoy her job as a physician, might expect me to help her financially if she sees me living “a good life” without working. I still see this as my fiancé’s money even if he is transferring some of it to me for my benefit, and I’d also need every bit of the ~$3 million (my money plus what my fiancé plans to share) to RE.
Basically, I’m worried about how much my life will change. I realize this is a very lucky situation but I’m also concerned about the implications for all my relationships, and for what it will say about me and my career drive. Has anyone had similar concerns, or can you comment on your experiences with these worries and your own FIRE situations? Thank you in advance. submitted by /u/hard_way_home
[link] [comments]