Anyone else as irrational, have 18 M net worth but want to keep working

[Anonymous]

Not a troll post, but between investments and cash, we have a NW of 18M. I grew up with an immigrant mentality, do have a hard time believing it is enough. Also, with the stock market (majority of holdings) it feels like it can disappear/crash…how do you transition into feeling like you are ok?

[Anonymous]

Can't help. We have a NW of $13M and are both still working. Thinking maybe $20M? So I guess you're closer.

Have friends whose NW is around $50M, husband still works. I think his whole persona is tied to work though, so no answer there either.

[Anonymous]

I completely understand how you feel OP. We have 180k NW and still working.

[Anonymous]

Therapy might help OP.

[Anonymous]

Like a dragon sitting on its hoard and guarding it, you have lost all perspective and will never feel safe, comfortable, or content. Perhaps start giving back so that you can change your awful mentality.

[Anonymous]

Scrooge McDuck posts here! Cool!

[Anonymous]

Why pay retail for health insurance when you can get employee plan?

[Anonymous]

Anonymous wrote:Not a troll post, but between investments and cash, we have a NW of 18M. I grew up with an immigrant mentality, do have a hard time believing it is enough. Also, with the stock market (majority of holdings) it feels like it can disappear/crash…how do you transition into feeling like you are ok?

What's your HHI? I wouldn't work at that NW but quitting would only mean eliminating 1% of my NW (gross). A rounding error. If you make $2M/year, then I could understand still working.

[Anonymous]

How old are you and what is your annual spend? I don’t think it will “disappear” but a scenario where the US stock market drops by 50 percent and stays there for a while is conceivable. We have 14, retired in our 50s, I feel ok but not worry-free.

[Anonymous]

I am in your range of net worth and see no issue with continuing to work. DCUM only knows high salaries. It doesn't understand net worth. Do what makes you happy and secure, OP. You only have one life, and must live it how you want.

I will remind everyone that there are plenty of centillionaires and billionaires who work!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not a troll post, but between investments and cash, we have a NW of 18M. I grew up with an immigrant mentality, do have a hard time believing it is enough. Also, with the stock market (majority of holdings) it feels like it can disappear/crash…how do you transition into feeling like you are ok?

What's your HHI? I wouldn't work at that NW but quitting would only mean eliminating 1% of my NW (gross). A rounding error. If you make $2M/year, then I could understand still working.

OP here. HHI is around 780k, used to be closer to 1M, but now a little less. Thanks, the "real" responses to this post are helpful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not a troll post, but between investments and cash, we have a NW of 18M. I grew up with an immigrant mentality, do have a hard time believing it is enough. Also, with the stock market (majority of holdings) it feels like it can disappear/crash…how do you transition into feeling like you are ok?

What's your HHI? I wouldn't work at that NW but quitting would only mean eliminating 1% of my NW (gross). A rounding error. If you make $2M/year, then I could understand still working.

OP here. HHI is around 780k, used to be closer to 1M, but now a little less. Thanks, the "real" responses to this post are helpful.

OP here. I am 53 , DH 57

[Anonymous]

It probably depends on your job.

If you are in a senior position and therefore don't have to do any "grunt" work anymore...then working doesn't feel so bad.

I think what's odd about your post is that you could easily remove all fear of a market crash by repositioning your holdings.

As an example, move everything into a 30 year treasury and earn 4.6% annually (state tax free and no payroll taxes). So, earn $874,000 per year entirely risk free.

I assume you are probably still saving a hefty portion of your current $780k salary, so you would likely keep adding to your savings.

[Anonymous]

I'm tempted to take my 800k net worth and go live in a forest somewhere off the grid.

[Anonymous]

Anonymous wrote:It probably depends on your job.

If you are in a senior position and therefore don't have to do any "grunt" work anymore...then working doesn't feel so bad.

I think what's odd about your post is that you could easily remove all fear of a market crash by repositioning your holdings.

As an example, move everything into a 30 year treasury and earn 4.6% annually (state tax free and no payroll taxes). So, earn $874,000 per year entirely risk free.

I assume you are probably still saving a hefty portion of your current $780k salary, so you would likely keep adding to your savings.

DH who manages the finances has moved some to bonds. Spend is around 250-300K