R2IClubForums.org

wd40 wrote: ↑Thu Jan 16, 2025 6:46 am

r2somewhere wrote: ↑Wed Dec 11, 2024 3:53 pm $3M for us. We are at about $2M and probably would be coasting already if it were not for the constant layoff threat and AI threat to career. We want to hustle to $3M and then coast.

People define coast differently. For us, it means not constantly interviewing and only focusing on job. And the kind of job too. Had enough of startups and FTE with perf reviews and that nonsense. Coasting will mean only contract jobs.

I am surprised you feel the constant threat of layoff and AI, given that you have been always upskilling/leetcoding etc.
I have been totally opposite, the last time I learnt something was SQL some 18 years ago and now it has been ages since I did any coding.
Yet, I have survived in banking, with just 4 jobs in the last 16 years. Current job is 9 years already and all I do is restart the server, when someone complains of performance issue, lol.

r2somewhere wrote: ↑Thu Jan 16, 2025 11:41 pm Everyone is threatened at least in US. I joined a company where people in 50s were working there for decade+. Even these people started getting laid off and forced retired in last 2 years. And reason given is AI. I feel this is the last hurrah for me. Got to scramble to 3M to give myself options. Picking up side hustles now that I have a gc to accelerate the process.

desi4ever wrote: ↑Mon Feb 03, 2025 4:47 pm

r2somewhere wrote: ↑Thu Jan 16, 2025 11:41 pm Everyone is threatened at least in US. I joined a company where people in 50s were working there for decade+. Even these people started getting laid off and forced retired in last 2 years. And reason given is AI. I feel this is the last hurrah for me. Got to scramble to 3M to give myself options. Picking up side hustles now that I have a gc to accelerate the process.

Dude with 3M, why would you need to side hustle ? Just you and your spouse - No kids, right ?

r2somewhere wrote: ↑Mon Feb 03, 2025 4:57 pm We dont have 3M, thats our target. We are at 2M now. Hope to get to 3M with side hustles (picked one up already, doubled income). Yes, no kids. At 3M, we will stop with the side hustles and do only contracts until we coast to 5M. Then stop working in tech completely.

desi4ever wrote: ↑Mon Feb 03, 2025 9:41 pm

r2somewhere wrote: ↑Mon Feb 03, 2025 4:57 pm We dont have 3M, thats our target. We are at 2M now. Hope to get to 3M with side hustles (picked one up already, doubled income). Yes, no kids. At 3M, we will stop with the side hustles and do only contracts until we coast to 5M. Then stop working in tech completely.

Even 2M you should be fine depending on what stage of your life you are at and your spending habits/future goals. I'm sure you would have crunched your numbers. Just saying.

r2somewhere wrote: ↑Wed Feb 05, 2025 7:32 pm

desi4ever wrote: ↑Mon Feb 03, 2025 9:41 pm

r2somewhere wrote: ↑Mon Feb 03, 2025 4:57 pm We dont have 3M, thats our target. We are at 2M now. Hope to get to 3M with side hustles (picked one up already, doubled income). Yes, no kids. At 3M, we will stop with the side hustles and do only contracts until we coast to 5M. Then stop working in tech completely.

Even 2M you should be fine depending on what stage of your life you are at and your spending habits/future goals. I'm sure you would have crunched your numbers. Just saying.

At 37, I feel 2M wont be enough for another 40-50 years. I havent even gone through mid life crisis yet! Also, the worsening prospects for workers in general makes me think this is the last few years to make some money.

wd40 wrote: ↑Thu Feb 06, 2025 4:11 am

r2somewhere wrote: ↑Wed Feb 05, 2025 7:32 pm

desi4ever wrote: ↑Mon Feb 03, 2025 9:41 pm

Even 2M you should be fine depending on what stage of your life you are at and your spending habits/future goals. I'm sure you would have crunched your numbers. Just saying.

At 37, I feel 2M wont be enough for another 40-50 years. I havent even gone through mid life crisis yet! Also, the worsening prospects for workers in general makes me think this is the last few years to make some money.

I agree, unless you are into travelling or have some serious hobby, it is difficult to pass time. Especially when you have worked so hard all your career. It is difficult to go from 100km/hr to screeching halt in one shot. It makes sense find some relaxed meaningful and interesting project and keep working.

JINSAKAI wrote: ↑Mon Feb 10, 2025 2:59 pm I wish / dream to join the 100M Club before I die. Actions I am taking is to maximize the income ( by diligently ) + get better returns (with some luck). Risks are Stock Market may go haywire and I may not able to achieve even 1/20 of the goal. Probably if my play accounts (I miss net-worth updates from WD40 who is inspiration for me) perform well for next few years, then I can create my separate thread "How I did it ?"

SAPPORO wrote: ↑Mon Feb 10, 2025 8:26 pm

JINSAKAI wrote: ↑Mon Feb 10, 2025 2:59 pm I wish / dream to join the 100M Club before I die. Actions I am taking is to maximize the income ( by diligently ) + get better returns (with some luck). Risks are Stock Market may go haywire and I may not able to achieve even 1/20 of the goal. Probably if my play accounts (I miss net-worth updates from WD40 who is inspiration for me) perform well for next few years, then I can create my separate thread "How I did it ?"

Easy way to get there in your lifetime is to sell all the risky investments at their peak now and put them all in S&P 500 index fund. 1.5M should become 100M in 40-45 years with average 10% return every year.
Hard way is to get there (or not) is to keep the risky investments and have fun with it!