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I (39M) recently had the good fortune to offload a little over 20% of my equity on the secondary market for 15M. The company is still growing like crazy and my shares were probably undervalued but the opportunity to diversify my net worth was too good to pass up - never know what the future might hold. Planning to sell another 15 or so in 2024 and potentially 2025, depending on when we IPO. I'm now just starting to let this sink in and plan what our future holds.
My most prevalent, and frankly surprising thought is that I feel exactly the same. All we've done so far with the money is pay off my wife's (39F) office and student loans, and dump the rest of it into treasuries and index funds. I'm looking to buy a car (Porsche taycan turbo) and maybe next year a Lambo, but otherwise don't desire much materially.
I'm a big believer in paying for services, time is a forever diminishing resource. We already were shelling out for childcare (daytime and night nanny for our 6mo old), as well as cleaning, personal training, gardening, standard stuff.
Looking for ideas and suggestions on what else we can do - right now I'm thinking of trying to find a cook, but not sure at all how that works - basically want help cooking healthy dinners 4-5 nights a week, and don't want someone who's just going to meal prep on Sundays. Where do you look for someone like that?
We also love to travel. Where do you draw the line on flight prices? While I think we can afford it I still have a hard time processing the sometimes obscene flight prices for business/first, like 10-20k per person. But there's also no way I'm flying economy again if I can help it. We are a big fan of Aman resorts - any other brands in the same realm? We honestly sometimes pick locations based on the presence or absence of an Aman, and would love ideas on other types of ultra luxury travel.
It's a relief to have finally gotten to this point, and now I'm looking for ways for us to maximize our life, welcome any thoughts or ideas from all of you
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My advice is to not get weighed down by material items. You become a slave to them. Looking after them, servicing, making excuses to use them. Just get what you will really use and think carefully if thats really the case. Ive thought often of vacation homes and then realized I will never use them as much as I think and then cant travel and go to new places as much.
As for travel, business class is great. First class seems to be a waste of money and its not even offered that frequently but someone can disagree with me here.
Probably the biggest thing you can do if you wish is travel privately regionally. Its super expensive though...like 25k per flight expensive. Can decide if thats worth it for you. If you have dogs it might be worth it one time per year for the holidays.
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