Realized I’m over saving.

[Anonymous]

Im in a peculiar position. Wife and I have roughly 1M in investments excluding home equity. We are early 30s. We are on track to reach 4M by the time I’m 45. We would have enough to stop working by age 42 or so (ie pay mortgage, essentials, travel, and some specific splurges). We still need to keep saving the way we are now for 5 more years at least but I see the snowball forming and it’s intimidating.

What will I do at age 45 when we have all that money in the bank? Do people stop working? I don’t necessarily want to get a bigger house or buy a Ferrari or stuff like that. Just thinking about the “not having to work” is nuts.

What have yall that are in a similar situation done? Gone part time? Spend more time with family?

[Anonymous]

Anonymous wrote:Im in a peculiar position. Wife and I have roughly 1M in investments excluding home equity. We are early 30s. We are on track to reach 4M by the time I’m 45. We would have enough to stop working by age 42 or so (ie pay mortgage, essentials, travel, and some specific splurges). We still need to keep saving the way we are now for 5 more years at least but I see the snowball forming and it’s intimidating.

What will I do at age 45 when we have all that money in the bank? Do people stop working? I don’t necessarily want to get a bigger house or buy a Ferrari or stuff like that. Just thinking about the “not having to work” is nuts.

What have yall that are in a similar situation done? Gone part time? Spend more time with family?

Oh no you have a lot of money, so intimidating.

Do what you want.

[Anonymous]

Get a boat or a plane and you'll be rid of this problem in no time.

[Anonymous]

Gosh, this is such a difficult problem. I’m so sorry you have been going through this, and have been struggling. I’ll pray for you that you find peace with your riches, and don’t strain your back carrying your gold bars.

[Anonymous]

Anonymous wrote:Get a boat or a plane and you'll be rid of this problem in no time.

Im a saver, not a consumer. Consuming is for the sheep. Do people just undo all their progress by buying things they don’t need?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Get a boat or a plane and you'll be rid of this problem in no time.

Im a saver, not a consumer. Consuming is for the sheep. Do people just undo all their progress by buying things they don’t need?

Maybe spend that money on apostrophes then

[Anonymous]

Anonymous wrote:Gosh, this is such a difficult problem. I’m so sorry you have been going through this, and have been struggling. I’ll pray for you that you find peace with your riches, and don’t strain your back carrying your gold bars.

Thanks for the empathy. I’m having trouble breathing due to Nvidia taking me on a ride to the Moon

[Anonymous]

Do you have kids? If you end up having kids, that won’t be that much money if you plan to pay for college, sports and other activities, childcare, travel etc.

[Anonymous]

I thought you meant you were over saving, like... soooo over it. Me too. Tired of this ant life, when I really want to identify as a grasshopper.

[Anonymous]

Maybe make a baby or foster a child/adopt a child for a better world?

[Anonymous]

Anonymous wrote:Do you have kids? If you end up having kids, that won’t be that much money if you plan to pay for college, sports and other activities, childcare, travel etc.

529s are all fully funded. I dropped 5k into each and letting it compound on SP500

[Anonymous]

Anonymous wrote:Maybe make a baby or foster a child/adopt a child for a better world?

I don’t think I can improve on bad genetics

[Anonymous]

Have you ever considered philanthropy? It can be very fulfilling and give your life purpose.

[Anonymous]

We're spending a bit more (like 20 or 30 percent more, not 3x more), still building up savings because it never hurts, and donating more to charity.

[Anonymous]

Anonymous wrote:We're spending a bit more (like 20 or 30 percent more, not 3x more), still building up savings because it never hurts, and donating more to charity.

Are you still working?