I’m asking a question out of genuine curiosity because something is picking at me.
I finished residency 6 years ago in a lucrative subspecialty. I was at essentially net zero when I got out and now have $3 million NW. I realize that this is largely a product of the amazing bull market we have had, but I’ve ran the numbers and even in the worst bear market environment, I would only be about 1.5 years behind. I also spend a lot of money. About 7k a month total not including mortgage (which is paid off), so it isn’t as if I am a penny-pincher.
I have discussed my situation on finance forums and they say that I can comfortably retire now. Using the 3.5% SWR, I can replace my spending and my house is already paid off.
I have a partner who is in her 60s and clearly hates her job. I see other people trying desperately to work at that age and older. It would be one thing if I felt like they really enjoyed what they did, but it is abundantly obvious they are just trying to make more money. They are doing very routine cases and just seem miserable and try to leave as early as they can.
So my question is pretty simple and obviously speculation, but...what is their situation?
I have to assume they either got financially behind somehow (how??) or just can’t do basic math. Basically, I don’t think I could spend the kind of money I make. Add a vacation home and a boat, college education for multiple kids, and I’m still doing OK. Yes it puts me another 2 years behind, but no matter what I can step away in my early 40s.
If you know examples of people in this situation, kindly share. Thank you!
I finished residency 6 years ago in a lucrative subspecialty. I was at essentially net zero when I got out and now have $3 million NW. I realize that this is largely a product of the amazing bull market we have had, but I’ve ran the numbers and even in the worst bear market environment, I would only be about 1.5 years behind. I also spend a lot of money. About 7k a month total not including mortgage (which is paid off), so it isn’t as if I am a penny-pincher.
I have discussed my situation on finance forums and they say that I can comfortably retire now. Using the 3.5% SWR, I can replace my spending and my house is already paid off.
I have a partner who is in her 60s and clearly hates her job. I see other people trying desperately to work at that age and older. It would be one thing if I felt like they really enjoyed what they did, but it is abundantly obvious they are just trying to make more money. They are doing very routine cases and just seem miserable and try to leave as early as they can.
So my question is pretty simple and obviously speculation, but...what is their situation?
I have to assume they either got financially behind somehow (how??) or just can’t do basic math. Basically, I don’t think I could spend the kind of money I make. Add a vacation home and a boat, college education for multiple kids, and I’m still doing OK. Yes it puts me another 2 years behind, but no matter what I can step away in my early 40s.
If you know examples of people in this situation, kindly share. Thank you!