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

[Anonymous]

$10M has been my "don't even think about working ever again" number for about 20 years.
That said, NW now is probably about $4M and it feels pretty comfortable--as in, I now think that if I want to leave my job I'll simply retire, not worry about finding a new job.

[Anonymous]

Anonymous wrote: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

Can’t you scale back your lifestyle? You have an awfully large next egg to have that worrisome perspective.

Perhaps small steps at at time?

[Anonymous]

Anonymous wrote:$10M has been my "don't even think about working ever again" number for about 20 years.
That said, NW now is probably about $4M and it feels pretty comfortable--as in, I now think that if I want to leave my job I'll simply retire, not worry about finding a new job.

Yes that’s a good amount. What age are you?
I think it would work out at almost any age though (having $4M).

[Anonymous]

Anonymous wrote:I’ve struggled with the goalpost.

A few years ago it was $7.5M on the basis that was enough to throw off $200K a year comfortably.

Then I decided $10M because sometimes things happen and maybe I want a vacation on home. When $10M started to look more plausible, I decided $15M.

Today the number is $20M, but I’m already debating $25M in my head because - surprise - I should probably have some family trust money, etc.

I need to stop. I can’t. I wish so much I could talk to someone in the real world about this but all my friends have less - a lot less - and it’s likely to come off as utterly smug and selfish and horribly arrogant. But man, I wish I could have a real conversation about it without someone who genuinely had no dog in the fight.

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