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Hey team! I hit my fatFIRE number at 49 through a combination of businesses I own and multifamily real estate (around 250 apartments plus commercial) that I’ve accumulated during my career.
Thinking that fatFIRE was my goal, I put a management team together that required very little intervention. I was up front about my plans to phase out of work, and we came up with systems where I could check in only minimally for long stretches of time and they would keep my business and real estate portfolio managed and growing without me.
I did it! Starting this past summer, I took most of the summer off to boat (recently upgraded) and fish and enjoy my (recently acquired) beach house. I did some travel, enjoyed fancy meals with friends and walked on the beach every day.
However, I never fully checked out. When the fall came around I got back into the swing at work and realize I’m not ready to stop working. I enjoy work and working. I like going into my office and I missed my team. I’ve cancelled my early retirement.
I don’t need any more money, but love the thrill of doing deals and don’t want to give that up. I’ll prob work less than 5 days a week most of the time, and maybe take half of the time off during the summers, but fatFIRE isn’t for me. I tried it but got bored. Would not recommend. Maybe in another 10 years but maybe never.
I chased fatFIRE and that was fun. But it didn’t live up to my expectations. Has anyone gone through this process and come to the same conclusion?
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- 1 year ago
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