4 ms·
I can’t speculate on mindset or motivation, but based on purely financials I’d have suggested sticking it out for a few more years to build up a larger nest egg
by koolba 8y ago
I can’t speculate on mindset or motivation, but based on purely financials I’d have suggested sticking it out for a few more years to build up a larger nest egg. It’s not just the risk of not succeeding at your next venture; there’s the follow up risk that after failure you can’t get back in the game where you left off.
That said, best of luck to you. Fortune favors the brave!
- gok 8y agoAssuming DV was able to save a good% of their money and get a reasonable return on it, their nest egg could easily be a couple million today. After taxes etc another 3 years might only grow that 10-15%.
- DVassallo 8y agoYes, staying another year wouldn’t have made a big difference. My net worth is around $1.4M with $1M in liquid savings. In the last 2 years I added ~$200K per year in savings. I just didn’t want to keep postponing. Otherwise there’s always a reason to wait another year or two.