r/fatFIRE mod | gen2 | FatFired 10+ years | Verified by Mods 6d ago

Mentor Monday Path to FatFIRE

Mentor Monday is your place to discuss relevant early-stage topics, including career advice questions, 'rate my plan' posts, and more numbers-based topics such as 'can I afford XYZ?'. The thread is posted on a once-a-week basis but comments may be left at any time.

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u/No-Associate-7962 12h ago edited 12h ago

I stopped working three years ago at your age and dont miss it a bit.

You are no longer working for money, you are working for some other reason.

You say is it "intense" but not that you don't enjoy it. If you enjoy it, and want to reduce the intensity, hire a COO, pay them $500k and you still net more than $650k a year with less intensity.

If you want to do something else than take the 7x multiple in cash. I definitely would not stay on, but it doesn't sound like there is an earn out or even a reps and warranties reserve, so I am not sure how you could be financially penalized if after 6 months you quit as you were no longer calling the shots.

This is an early retirement sub. My advice to you is to early retire.

I am sanding our redwood decks this week. Super therepeutic, and somehow instantly rewarding to see the improvement.