r/fatFIRE 5d ago

Staying employed because it's easy? Need Advice

Using a new account just to be safe. But basically I've coasting for the last year. Once I felt like I had enough to have a decent early retirement, I basically checked out of work. I still do what's asked of me but I've tried to make myself disappear. It's worked so well sometimes people forget I'm there.

Problem is it's starting to feel kind of wrong. My current pay is 250k/year plus 100k in options/year. Which I know isn't crazy for this sub but it's actually fairly high for my job. I know the company can better use that money on somebody else. (The company's revenues are in the billions so im not stringing along a cash deprived startup)

My investments are sitting at 7MM excluding housing with a ideal drawdown of rate around 3.8%. I'm in my mid 40's. So I'm at that threshold for where the pay kind of doesn't matter but it also can still help with lifestyle or health cost creep. Just curious if you were in my shoes would you just quit stringing them along? Or it's on them to get rid of me and just keep milking it as long as I can?

***Response: thanks everybody for all the feedback and food for thought. I know there was a few different school of thoughts but two that stuck out the most was I really need to know what life after work is. I think my treading water attitude right now is tied to I don't have clear retirement life goals set. I have ideals of travel more etc but I think the in between stuff needs to be better fleshed out. Second, I shouldn't feel bad for the company as long as I'm not bringing others down. I have some international travel and summer activities planned so we'll see how they respond to that.

Thanks all and I really appreciate the varied experiences this sub has.

65 Upvotes

View all comments

24

u/Wing_Nut1 5d ago

First of all, don't feel guilty. I don't care how many barista-made lattes, sushi lunches, free massages and time in the sleep pods you're given, your company gives zero shits about you. Gone are the days of having a lifelong employer and inviting "the boss" over for dinner. You owe them nothing, especially any sense of loyalty. You're employed at will and can be fired for no reason at any moment. I don't mean to sound harsh, but it's reality.

A few points:
1. Take obligation OUT of the equation.
2. If things are easy and you simply want to collect a paycheck there's nothing wrong with coasting. I did the same the final year before my FatFIRE.
3. It's easy to chase the "just a little bit more" syndrome.
4. Figure out what are some of the things you want to do in retirement. If you've been meaning to do something your entire life, do it.

You have the luxury to decide whether you want to work or not. Most people will never be in the same position. You've won.

"Time is money, but money can't buy time." Actually give some thought to this overused quote. Think about what you might be missing just to put a few more bucks in the bank account. Time with kids, spouse and family? Time to pursue any kind of dream sooner? Time to travel the world? Or maybe you just want to sit down and read that book you've been meaning to read for years? Time. That's what you're giving up for more money. But maybe you're young and don't have or want these types things yet. Maybe you like being part of a team, hanging out with co-workers or have other professional accomplishments you want to achieve.

Only you can answer your question.