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OP here: it looks like I can’t edit the post to add more details that many have called out as missing. I’m 34 years old, and have been doing software since coll
by archeantus 6y ago
OP here: it looks like I can’t edit the post to add more details that many have called out as missing. I’m 34 years old, and have been doing software since college.
I have a large family that is quite young. Six kids under the age of 15.
My annual expenses of $100k is definitely for a lifestyle that is nicer than we need. Most of that is on a big mortgage.
I’m surprised at how many people have joined in on this discussion. Thank you!
- ac29 6y ago>Six kids Keep in mind that college education has gotten enormously expensive. The forgettable state school I went to now estimates a total cost of $20-30k/year (inclusive of food, housing, transportation, etc - depending if the kids live with you or independently). 4 years, 6 kids on the low end would then be around $500k. Now, parents obviously arent obligated to pay for their children's higher education, but if you were thinking about it, that's half your money right there - at today's prices.
- daxfohl 6y agoYeah, OP may need to look into picking one or two favorites and selling the rest. Either that or keep his job a few more years.
- orev 6y agoI have not seen anywhere mentioned so far, but where do you live? The biggest thing missing is all the FIRE and early retirement info is health insurance. If you’re in the US, you just need one health emergency and all that money could be gone. With six kids (SIX?!), you will have a LOT of health insurance things like accidents to be worried about.