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Meeeee. Will be leaving law in the next couple of years (around 8 years of practice) for part time work and my spouse (not a lawyer) will do the same in the next 4-5 years. No kids. And we paid off my loans within 5 years of practice and recently our mortgage.
Dog shelter, Trader Joe’s…something like that.
Complete retirement sounds boring but I’ve considered trying to amass enough money to bootstrap a coffee shop or a yoga studio so I can work somewhere I like and own
My goal is to stay in law until I hit coast-fire. Will see where we’re at after that. I dream of a regular job I don’t have to think about when I’m not at work
My number is low because I’m planning to go retire in a really cheap country.
100%. 34, $3.2m net worth. Think about it every hour of every day...
That is my exact number
Thank you guys! Give me hope!
I have seen sooo many lawyers who work to death. I began to doubt whether I was rational.
Yeah. My number is 2.5 million for FIRE. Not having kids. I was also thinking about FILE (financial independence live early) and working part time doing contract work or for a non-profit in which case I’d have a lower number.
God knows how much I want to get out here
What’s FIRE?
Financial Independence Retire Early
I cut back on my hours when I left Biglaw and started my own shop. That's not FIRE, but most days it feels like it.
True FIRE has to wait until my alimony runs out and my kids finish college.
Me! I hit/will hit the beginning of my regular FIRE at 1.5m this year. But I think 2.5 will be more reasonable. But I also have some potentially big life changes coming up with marriage and maybe a child so not sure of my number atm.
Every day
🙋♂️
How do you accumulate this much net worth so quickly on salaried income?
Savings rate is the number one determinant of wealth.