At what net worth level were you lo longer concerned about losing your job?

[Anonymous]

Asking those who are currently not concerned about losing their jobs. Not asking you wishful Willys.

[Anonymous]

I have seven million and a, mid forties and stopped working because of the pandemic. Contemplating whether to ever go back. Still feel a bit insecure about not working.

[Anonymous]

Anonymous wrote:I have seven million and a, mid forties and stopped working because of the pandemic. Contemplating whether to ever go back. Still feel a bit insecure about not working.

Imagine how I feel with 50 million but 4 houses— every day I pace around a different house wondering if i have enough. It’s terrible

[Anonymous]

Our NW is ~$5M. Of that, about $2M is in home equity...the rest in other assets (stock, real estate, etc). We will also almost certainly inherit $5M+.

We are 43 y.o., with large 529s for our kids. I don't worry about either of us losing our job, though this is partially also because we both have highly in-demand skills and shouldn't have difficulty finding ways to earn money...even if at a lesser HHI.

I reached this comfort a couple of years (and ~$1M) ago. DH came to this conclusion this year.

[Anonymous]

Anonymous wrote:Our NW is ~$5M. Of that, about $2M is in home equity...the rest in other assets (stock, real estate, etc). We will also almost certainly inherit $5M+.

We are 43 y.o., with large 529s for our kids. I don't worry about either of us losing our job, though this is partially also because we both have highly in-demand skills and shouldn't have difficulty finding ways to earn money...even if at a lesser HHI.

I reached this comfort a couple of years (and ~$1M) ago. DH came to this conclusion this year.

Thanks. That’s helpful. It’s weird the way the brain keeps moving the goalpost, but, equally, circumstances change that require moving the goalpost (eg more kids)

[Anonymous]

Anonymous wrote:I have seven million and a, mid forties and stopped working because of the pandemic. Contemplating whether to ever go back. Still feel a bit insecure about not working.

We have a similar net worth but mid-50s. I lost my job early this year and don't really want to go back. Spouse works though..

[Anonymous]

NW about $7M, late 40s/early 50s. Still concerned about losing my job. Had anyone told me when I was in college that I would be making as much as I do now, I would have laughed at them. But the lifestyle grew with income, and it feels bit like “golden handcuffs” now. Give me another 10 years and I will stop worrying. Alternatively, if by some magic, my worthless penny stock that I bought earlier this year becomes the next Amazon handing me $5M, I would stop worrying right now

[Anonymous]

The number for us is what we spend each year multiplied by 30. So if you are good at 100k a year, You’ll need 3 million to feel secure

[Anonymous]

I’ve never worried since I was old enough to have a full time job.

[Anonymous]

$4m

[Anonymous]

I’m not worried about either of us losing our job and it has nothing to do with net worth. We have a 6 month emergency fund and we are both in highly skilled specialized career paths.

[Anonymous]

Our fear of losing a job is based on fear of losing health care options. It is also what is keeping us from retiring earlier.

[Anonymous]

It's all relative but if I had a net worth of around 7-10M of liquid assets I would quit today or would change my career and become a high school teacher/coach. THis would through off 300-400k of cash flow and we could maintain my same quality of life.

[Anonymous]

with $3M in investments, including retirement, and the house paid off, I'm no longer worried about losing my job. I would get something else, and it simply doesn't matter if it pays the same. I'd probably have more fun doing something that pays less.

[Anonymous]

$2m in my personal accounts, which I just hit. "My" accounts means my retirement, brokerage, and investment real estate. This doesn't include home equity, 529 plans or DH's accounts. $2m was my "number" and I feel like I could lose my job or retire now. Yes, we are married and I understand how community property works, but for me, it was more about feeling financial secure as an individual within our marriage or if DH dies or we get a divorce.