Need your opinions (good , bad, ugly) - If your investment portfolio averages a growth of 90k in the last five years would you take risks with your job ? Eg quit without a new opportunity, or change career path altogether?

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What happens when it doesn’t average that? How long can you last? How risk adverse are you? How comfortable do you want to be?

likesmart

So you have around $1M invested. What’s your FIRE number?

I also have around $1M invested, and I expect to be at around $2M in 4-5 years. After $2M, I see full time work as optional. Personally I wouldn’t risk my earning potential until I hit that point.

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Not enough information. What is your monthly/yearly net spend? How much would that 90k replace? What happens if your gains don't continue?

Also, why would having a good secondary source of income have any bearing on quitting? If you are unhappy in your current position, by all means find something else. But I cannot come up with a good reason to quit a job without a backup plan. Do your job search/career path change while still doing your current job.

Please don't think that the last few years of gains are going to continue forever. There will be some bad years in the future, just like their always has been.

smartlike

Depends how long you can survive on your savings or off your investment portfolio without depleting it. If you can’t best to stay the course for now and let it continue to compound.

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Are you talking 90k growth or income? The moment you sell that growth, you have to pay taxes. You should factor that into your calculations.

If you’re getting 90K in income (eg dividends), congrats and please tell me how you did it! 😊 I personally would save it / Reinvest it.

Also, any distributions you take detract from future compounding.

Regarding risks with your job, I’d need to know more. Are you thinking taking on riskier projects with potential for higher rewards, or are you thinking quitting?

Also, are you towards the end of your working years, or just starting your career? If at the end, how would you make up the lost income if things didn’t go as planned? If at the beginning, how would you explain any gaps in employment?

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Simply answering your question, no, $90k would not be enough for me to want to quit my job that pays more than 3x that (without even counting benefits).

I would instead see it as a way to accelerate my eventual retirement.

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What percentage is 90k?

Averaging 90k per year over a 5 year period??

Yep

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