"Having achieved an eight-figure net worth through a stressful job, he is ready to leave work for good. The challenge is that he's struggling to follow through and wonders if a few more years in the workforce won't hurt. While I'd like to be in this Redditor's position with $21 million, I also understand the nervousness of leaving work. This is the life he has known for years, and with a newborn on the way, so many changes at once could be upsetting."
"This Redditor is a 46-year-old married man with a wife who is currently not working. They live in a very high-cost area, which the Redditor indicates is 'one of the highest in the world.' The last important piece of crucial personal information is that the couple's first child is coming. Regarding professional details, we know this individual works a 'very high-stress job' that pays very well, but he's essentially his boss and loathes this idea."
"When it comes to finances, his annual income is between $2 and $2.5 million, with a current net worth close to $21 million. Out of this money, the family has $10 million in cash or cash equivalents, around $2 million in semi-liquid investments, $2 million in illiquid investments, and around $8.5 million in real estate."
A 46-year-old with an eight-figure net worth earned through a stressful, high-paying job faces difficulty leaving work despite achieving financial independence. He earns $2-2.5 million annually, with $21 million in total net worth distributed across cash, investments, and real estate. His wife doesn't work, they live in a high-cost area, and their first child is arriving. Although financially capable of retirement, he hesitates due to work being his established identity, concerns about multiple simultaneous life changes, and uncertainty about career transition options. His income heavily depends on one demanding client, making the decision to leave increasingly urgent despite psychological resistance.
Read at 24/7 Wall St.
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