About to hit a few personal milestones, have made €200k this year and will soon become a Net worth millionaire (on paper atleast) but I’ve never felt so poor. Most of my wealth is tied up in our home, pension and investments accounts that I don’t plan on touching for a long time. Married with 3 kids so we have lots of outgoings and no extra cash after all expenses and investment/savings allocation. My idea of being a millionaire felt different to this😁. How can I feel more accomplished?

likehelpful
Posting as :
works at
You are currently posting as works at

Don't sweat the small stuff; we all were there at some point in our lives. I am now close to retirement (late 50s, retiring before I am 60) and have surpassed all of my monetary goals (no debt, saving 50% of take home), and I am just now finally feeling 'accomplished'. You are on the right path. Just keep doing what you are doing. Congratulations!

like

This is more common than you’d think. Millionaires rarely have cash in the bank, and most of it is tied up in some way or the other. Know your goals and priorities. You are accomplishing a lot with those accounts and being able to enjoy your time out with family.

like

I feel you. I'm married with two kids, two mortgages and have been trying to max out pension to around £60k per annum for last couple of years. Got my eye firmly set in retiring in next 10 years, but feels like a lot of sacrifice in the here and now, especially given my partner was made redundant in August 24, so we've been on only my salary for the last year.

like

Can you elaborate on what you lack? Can you afford groceries? Do you eat at nice restaurants? Do you take vacations? Can you afford an emergency? Do you like your house? Do you spend time with your kids? If all this true you are in the top 1-2% of the world :)

like

Congrats! Now that you have those things started, you will probably find that things accumulate quicker and as you move on, you will have more liquid wealth as well.

like

Hopefully 🙏

like

It's a matter of perspective. We can get into the position of feeling cash poor, like we just don't have anything in our pockets to spend frivolously (as we may have done years ago). From what you're saying, however, you've got real wealth in the sense of having a home and family. All things considered, and looking at the shape of the world, you can be gratified to be in the position you're in.

like

It’s not supposed to feel great if you are doing it right.
Just focus on family life and mostly ignore the numbers in the accounts.
Plan for life after early retirement.

like

First of all, congratulations.

You say you want to feel more accomplished. Can you reflect on what that really means? What is it that you want that is missing?

like

I suppose earlier in life I would reward myself with things and now I’m trying to refrain from splurging on the nice clothes, fancy car etc. I also don’t want to be patting myself on the back too much so that I keep pushing and working hard but as a result I guess I’m not feeling wealthy. It’s probably just mindset I need to work on.

like

This is after savings. You’re choosing to save. If you didn’t have enough to save it would be a different conversation.

like

Related Posts

Whats the best industry certification for business analyst?

like

I have Oracle financials implemented experience but I have been on the IT audit side for several years. I would now like to brush up on my implementation skills. I would like to do this outside of my company. Any advice on where to find formal training?

like

Typically when someone brings a unique experience or skill to the table they’re compensated for it. surgeons/technicians.
Can we bring this structure to the industry in regard to ethnicity/experience

like

Compliance email might as well just say: We hope you are all in compliance with our very strict "You aren't allowed to have a good body" busy season restriction.

like

Hi Fishes,
I'm currently looking for a job change in UX field.
I have 2yrs of relevant experience. If anyone can refer me that would be of great help

Thanks in advance 🙂

like

Hi Everyone! I have been working in Salesforce for about a year now. But I am not enjoying my work as it's mainly on backend. I have been wanting to move to Web Dev. But someone suggested that like if I like frontend I should try LWC instead as I'm already into Salesforce. So I'm quite confused which way should I go. Can anyone help me with the same Tata ConsultancyAccentureDeloitteZS AssociatesInfosysSalesforceSalesforceAmazonMicrosoft

like

Kyle, Texas - anyone know a decent spot for apps and a nicer happy hour type setting ?

likefunny

Does google have networking events in the ny office? Would like to get to know more about the opportunities but need to build my network first!

like
like

what if I join a company and resign within a month?

like

BP, Pune is hiring for .Net Developer
(Good in DSA)
Inbox for refer

likeuplifting

Hi guys

I applied for 2 position at a time in jp Morgan career portal . That's fine ryt?

Or we can't apply for two roles at a time? Any idea guys?

like

I spoke to HR about green card sponsorship. Requirements are at least a level 9 aligned to something that is in demand (Sap/oracle) Any experience in sponsorship without alignment to SAP/Oracle?

Noob question - I want to consolidate the dates into a single dates column. Would numpy or pandas help me reorganize this dataset effectively or should I do it within excel?

Post Photo
like

Currently interviewing with EY NZ as a risk management consultant. 1.5 yoe and expat from US. I have a rough idea for cost of living, so what should my minimum salary expectation be in Auckland? The position would allow me to work from anywhere in NZ but I'd prefer to be close to the office for at least the first year. Thank you!

like

Anyone here going/gone to Harvard? Curious to know how tough Harvard (mainly MBA) is with ADHD?

like

Is anyone here a movie trailer editor? I’m looking looking for some relative input regarding what experienced, senior editors typically make in the film advertising industry.

like
like

When is comp day? Thought it was yesterday..

like

Additional Posts in FIRE Financial Independence Retire Early

Does anyone have any inspiration stores of FIRE without an incredibly high income/family financial support. Looking for hope 😅

like
likeuplifting

Given crazy market returns recently, do you still expect the market to rise at 10% over the next 30 years?

like

Anyone interested in having a meetup in NYC in April and exchange our FIRE experience?

like

Anyone know of a good cross-border US/UK financial fiduciary?

like

Received a letter from Wells Fargo today. They are offering a refinance of fixed 30 year mortgage at 3.5%. I have no idea how they can do this judging by today’s interest rates. Currently my interest rate is at 4.5%. Judging by Wells Fargo sketchy history, I don’t trust it, however has anyone else gotten this offer?

like

Can someone help me with this? I had a low utilization since pandemic, I.e., ~sub 5%, but never missed any payments. Would credit score be impacted if only one line of credit with a low utilization?

Too few accounts currently paid as agreed
FICO®

Scores consider the number of accounts that are paid as agreed. Your score was impacted because the number of these accounts is too low, or because you've missed payments recently on some of your accounts.

like

Should I lump sum $150k into the market or DCA? Just looking to grow the money, no other short term plans.

like

Is an IPO in anyone’s FIRE strategy? Maybe this is specific to the Bay Area, but it doesn’t seem that unrealistic to negotiate enough equity to make $1.5 mill off an IPO. Or maybe I’m dreaming 😂

like

Pushing out my retirement date... Crypto down 60%, stocks down 30%.. I was a millionaire in Jan now only a 750kaire lolz. Just numbers on a sheet keep rolling

like

I broke through the wall in 2020 and feel like I blinked and it is 2022. I have been saving something close to 75% of my take home and dumping into ETFs. I feel like I want to branch out into real-estate but never lived anywhere more that 3 years. What would you do? I have cash to put a large down payment to avoid the high rates but am scared I have no roots and will move in another few years.

Post Photo
likeupliftingfunny

Anyone start later in life? About to turn 32 and my retirement savings are sad.

like

Have 20k, what’s a good small business to start with this fund? Serious question here

like

For the past 2-3 years, I have obsessively tracked my net worth/income trends/investment performance over time. I checked my trends just now, and OMG I hit the 300k net worth mark right around Christmas. I guess I haven’t looked at my dashboard for a month. This feels so cool. I want to shout it from the roof! I can’t really brag about this to my friends, so I’m sharing here! 🎉 🎉

like

Significant other and I crossed the combined $1M net worth mark this quarter! Mostly in RE and 401k so we will not be FIRE-ing but still excited to be in the 7fig club.

Sorry, need someplace to celebrate and you guys are awesome.

likeuplifting

Max out 401k before contributing to taxable brokerage? Roth IRA is already maxed out.

like

I’m maxing out my 401K, traditional IRA and HSA this year and paying for some house improvements. I have about $750K total investments and very close to $2M net worth, but realize that I am behind on investments if I want to do FIRE. I was focused on paying off huge chunks of my mortgage and managed to whittle it down to $75K left. Would you suggest I go ahead and pay that off this year? Or pause and do a mega back door roth instead? I’m mid 40s. Thanks!

like

Feeling grateful & proud as I reached my goal ($50K by 25) 5 months early. But I can’t help feeling a bit overwhelmed. In the lifelong scheme of things, $50K doesn’t seem like much. I worked really hard and sacrificed a lot (including mental health) to get to this but it seems a little tiring knowing I still have so long to go. I recently moved out and in with my BF so my expenses are split, but nonetheless they are still expenses. Any tips on continuing this journey and keeping the drive?

Post Photo
likehelpfulfunny

Anyone here from NYC? Be cool if there was a meetup.

like

Currently 23yo with $65k in cash and $14k in student loan debt. Not sure what the best course of action is. What would you do?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal