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I think I'm rich enough now (CSLG)
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Date: October 18th, 2022 11:21 AM Author: twinkling diverse main people set Been a bit overwhelmed by the number of projects I'm working on and all the work I put into my primary firm. Then I had a vision of a little Indian man in my ear. He said his name was Tommy and he told me that I had enough already.
I never really listened to this little voice before, but then I realized that I have about 14 million NW (obviously market went down recently), and I'll be taking another 4 million in salary end of Q4 (I skipped salary in Q3). Even if my wife and I never worked again, we could spend 2% of our NW (assuming 15 million) and spend 300K/year. At that rate, our NW would continue to grow. And our expenses are only 150k/year.
It was at that point I realized, brothers, that I won. I have enough. Was a 180 feeling. No reason to ever stress again.
Ok, well I need to get back to work now. Lots of settlements to negotiate if I want to retire by 40! |
Date: October 18th, 2022 11:22 AM Author: Aromatic Feces Good to hear. Looking forward to bumping this thread in a decade to devastating effect. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349877) |
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Date: October 18th, 2022 11:23 AM Author: twinkling diverse main people set Honest question, if I retired in 2 or 3 years, how would it change your world view? (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349888) |
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Date: October 18th, 2022 11:25 AM Author: Aromatic Feces My world view? Not much at all. I'd update my beliefs about you, but not much. It's within an anticipated range.
My main concern for you is that you'll face family tension as your kids age and you hit a midlife crisis. How you resolve this issue is critical to the next phase of your life. I am rooting for you and observing with interest. |
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Date: October 18th, 2022 11:22 AM Author: Cerebral plum faggotry hominid u sound mentally ill bro. why not a disconnected 2 week retreat to the mountains or something (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349882) |
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Date: October 18th, 2022 11:23 AM Author: Confused Bateful Old Irish Cottage Sweet Tailpipe because he's a kike (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349893) |
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Date: October 18th, 2022 11:23 AM Author: Confused Bateful Old Irish Cottage Sweet Tailpipe you'll be back under 10mm soon. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349891) |
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Date: October 18th, 2022 11:31 AM Author: twinkling diverse main people set I make like 1-2 million per quarter. Even if the market crashed 50% I'd never go under 10 million. Especially since like 4 million of my NW is in real estate and 2 million is in cash right now. Plus, I would LOVE if shit crashed harder, I have so much cash and cashflow that i'd be at 25 million by the time things recovered. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349965) |
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Date: October 18th, 2022 11:35 AM Author: Confused Bateful Old Irish Cottage Sweet Tailpipe you went from 20 to 14 in a few months ratface, never say never. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350001) |
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Date: October 18th, 2022 11:38 AM Author: twinkling diverse main people set I never had 20, brother. Plus I have about 3 million in profits sitting in my business account right now. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350028) |
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Date: October 18th, 2022 11:23 AM Author: talented theater milk im not even a 900ker anymore but i dont even care, u cld buy an island and drink juice all day (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349892) |
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Date: October 18th, 2022 11:31 AM Author: twinkling diverse main people set Thank you my little Indian friend. You have freed my soul. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45349968) |
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Date: October 18th, 2022 11:51 AM Author: histrionic locale CSLG, you have enough projects going on that managing your wealth would keep you very well occupied I think. I think you could also just do something in the way of seminars and stuff and get other people to pay you travel around and give talks and stuff for big $$$. This would give you ongoing income. Also, if you get 7 or 8 more rent houses in the next year and a half as you have been doing, you should be grossing like $50,000 a month just in rents. Even assuming you have cap ex, insurance, and tax costs that are 60%, that's still $240,000 in income generation per annum. I know some of this goes to your kids, but it's not bad at all. Also, in the future, even in a pinch, you have all of these houses that you could borrow against for some kind of major casualty anyway. I think you have built yourself a very diversified and strong portfolio and if you don't want to work past 40, then you do not have to. |
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Date: October 18th, 2022 11:53 AM Author: doobsian kitty Look at how badly disco fries debases himself for the hope of a future free meal jfc lol
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Date: October 18th, 2022 11:56 AM Author: histrionic locale I will also add that I do not think anyone should ever retire into a life of pure consumption (like those Boomers that just live on their social security and pensions at The Villages and center their entire lives around recreational classes, golf, pickleball, and the occasional dinner at the restuarants). But CSLG would have a lot going on, a lot to keep focused on, money to deploy when an opportunity presents itself, etc. even if he were to give up the life of running the San Fernando Valley's largest, most efficient, and most successful personal injury law firm. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350158) |
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Date: October 18th, 2022 11:58 AM Author: doobsian kitty You are the quintessential shabbos goy (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350170) |
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Date: October 18th, 2022 11:58 AM Author: histrionic locale I don't understand that. Why would you say that? (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350176) |
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Date: October 18th, 2022 11:58 AM Author: doobsian kitty Brother, you’re like 45 years old. If you don’t understand by now you never will. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350181) |
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Date: October 18th, 2022 12:08 PM Author: twinkling diverse main people set You are truly a great friend and I only wish you the best in your life. How is it going convincing your family to come to Germany next year? I would love to travel with you guys. (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350241) |
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Date: October 18th, 2022 12:30 PM Author: histrionic locale My plan is to start saving for it. We are making some inroads in that regard. As you may or may not know, there's a lot up in the air for me right now that makes a plan like this hard to commit to at this precise moment. I should have a lot more sight distance around January/February. I think everyone is onboard, it's just how do we make the costs work out. And where will everyone be. I kind of got blindsided by some family issues that I was not expecting. |
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Date: October 18th, 2022 12:35 PM Author: mind-boggling circlehead 1) are you embarrassed about your last name? it's a very lowly profession 2) congrats on making so much money that's awesome and inspirational for all of us. I hope you can enjoy retirement which you will never do bc its super easy for you to just continue making money so why post this shit? 3) exploiting fatherless men is shameful. one of them is going to give you a reckoning. please beware. |
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Date: October 18th, 2022 1:37 PM Author: twinkling diverse main people set Why would I be embarrassed by my last name? (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350717) |
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Date: October 18th, 2022 1:47 PM Author: mind-boggling circlehead Already addressed, thank! (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350762) |
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Date: October 18th, 2022 1:49 PM Author: Cracking walnut corner How have the Kings games been? Are you surrounded by other season ticket holders? If so is it a cool group? (https://xoxohth.com/thread.php?thread_id=5214832&forum_id=2#45350778) |