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

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

+1

We are hovering around 3M in our late 40s/early 50s, but don’t envy you at all. Maybe because it seems you lack empathy and awareness of the world around you. I’m definitely not motivated to work forever or much longer. I can’t relate to your hoarding behavior at all. The world has so many people in desperate need. It’s gross.

You don’t really know how much she gives away. We give away 10% of our pretax income every year (and pay close to 50% of our income in taxes) but the stock market has been so insane for the past 15 years that the money just has grown insanely. We drive beat up cars, send our kids to public school, have never stayed at a Four Seasons or similar fancy pants place, and buy most of our clothes at places like Costco and Target. We don’t pay for house cleaners or lawn care or really eat out much or drink wine or play golf or buy jewelry or fly first class or have any other expensive habits. We give away a six figure number every year and I expect we’ll give away more when we die. But I don’t want to give it all away now and then not have money for assisted living, or to pay for medical care if one of my kids gets some rare illness. I don’t think that makes me Smaug.

People OP is a troll post. She is not giving away money. There is no way she saved that in stocks with her salary and spend and ages.

lol, 12:02. OP here. Not a troll post. Thank you for all of the sincere responses, it is helpful to hear. Yes, we do give to charities. We underspent the majority of DHs career.

But according to DCUM, you don't "give enough". They think you should give away everything to charity, apparently.

Keep it up OP. Most rich people are extremely generous (just not the ones who make the news---but the average rich person tends to be IME)

[Anonymous]

Humble brag much op? Yes you are rich

[Anonymous]

You obviously have "enough" if what you are talking about is not working.

I think there's a lot of wealthy people who use the specter of apocalypse in retirement to keep accumulating far beyond their needs. It's unnecessary and boring.

You have a lot of wealth. I'd reframe around what you could possibly do with it that aligns to your values. Angel investor for a startup you are passionate about? Donations to a cause? You can keep growing your retirement pot with part of the proceeds; the rest is strategic optionality. A lot of interesting people I know are not retired but not working in the same way -- they are focused on deploying their capital in interesting ways.

[Anonymous]

Anonymous wrote:I am in a similar position with a $9 million net worth, a paid off house, and an expected inheritance of around $2 million. I continue to work although my spouse went part time and our house-hold income is around $260,000. Some of it is about contributing to the world, some of it is that I’m not quite ready to be retired, some of it is that I enjoy my job and I’m good at what I do. All that said, it’s starting to feel a little ridiculous. Our lives are our own so I will never regret my decision to keep working but I have set a date of my 55th birthday to reevaluate if I have not done so already. Until then, I just push it out of my mind because this is what I am choosing to do now and there’s no point in expanding more mental energy when I don’t plan to make any changes. Best of luck to you. Make sure you are enjoying all parts of your life.

9 million dollar net worth with a $260,000 house-hold income - yeah right...

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am in a similar position with a $9 million net worth, a paid off house, and an expected inheritance of around $2 million. I continue to work although my spouse went part time and our house-hold income is around $260,000. Some of it is about contributing to the world, some of it is that I’m not quite ready to be retired, some of it is that I enjoy my job and I’m good at what I do. All that said, it’s starting to feel a little ridiculous. Our lives are our own so I will never regret my decision to keep working but I have set a date of my 55th birthday to reevaluate if I have not done so already. Until then, I just push it out of my mind because this is what I am choosing to do now and there’s no point in expanding more mental energy when I don’t plan to make any changes. Best of luck to you. Make sure you are enjoying all parts of your life.

9 million dollar net worth with a $260,000 house-hold income - yeah right...

Just last month the average net worth of a DCUM ~$250K HHI was $5M and now we've jumped to $9M.

This board is trash now.

[Anonymous]

It’s the great wealth transfer. As the greatest generation and older Boomers die, they’re leaving money to their 40’s - 60’s kids.