The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Will make $25M from a tech co exit this year. Another 20-50M in potential
Poast new message in this thread
Date: July 30th, 2025 5:47 PM Author: Effete amethyst plaza Earn out
Has been extremely painful but man it feels good. Can’t tell anyone irl other than my FA so sharing here. Debating whether to try to retire instead of grinding out another few years
(This is all pre tax and in CA so a lot less than it seems |
 |
Date: July 30th, 2025 7:11 PM Author: slippery magenta turdskin theatre Nigga, what the cunt is a "FA"? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143897) |
|
Date: July 30th, 2025 7:18 PM Author: mint hominid office financial advisor (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143920) |
|
Date: July 30th, 2025 7:31 PM Author: Sienna jew really tough guy Faggot Ass (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143982) |
|
Date: July 30th, 2025 8:44 PM Author: lavender big legend lettuce (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144136) |
|
Date: July 31st, 2025 8:20 AM Author: glittery tan tattoo kitchen lol I'm a prole with no FA and still figured that one out (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144951) |
Date: July 30th, 2025 5:48 PM Author: hot school Can you relocate before you take the hit? Go live in Florida for a year?
|
|
Date: July 30th, 2025 6:56 PM Author: Effete amethyst plaza Unlikely and all my family and network are here anyway. Not that worked up about giving ca their 13% (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143840) |
|
Date: July 30th, 2025 6:57 PM Author: hot school That’s $3.25MM you retard. That’s enough for a kid to be set for life. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143849) |
|
Date: July 30th, 2025 7:09 PM Author: Soul-stirring Degenerate Love Of Her Life CA taxman always gets his (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143888) |
|
Date: July 30th, 2025 8:42 PM Author: violet adventurous forum (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144134) |
|
Date: July 30th, 2025 9:11 PM Author: exciting space water buffalo cr sounds like california sourced income, ftb will get your ass (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144217) |
|
Date: July 30th, 2025 9:32 PM Author: Effete amethyst plaza Tioctcr (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144273) |
|
Date: July 30th, 2025 10:16 PM Author: Rose Ratface National Sure no one in the history of California has tried this. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144345) |
|
Date: July 31st, 2025 8:22 AM Author: glittery tan tattoo kitchen next thing you're going hear is that you can avoid NYC taxes by buying a crappy condo in Florida and pretending you live there. no one ever has thought of doing this. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144957) |
|
Date: July 31st, 2025 10:56 AM Author: Rose Ratface National I asked Chat and if you plan it out a year in advance you can do it, but California is highly likely to still come looking for you and may litigate. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145249) |
|
Date: July 30th, 2025 5:49 PM Author: orchid casino Founder? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143688) |
|
Date: July 30th, 2025 6:56 PM Author: Effete amethyst plaza Very early employee (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143842) |
|
Date: July 30th, 2025 5:52 PM Author: Galvanic Parlor Shitlib congrats!
8 figures is fuck you money, so even if you don't retire right away it gives you the choice to do so on your terms. |
|
Date: July 30th, 2025 6:57 PM Author: Effete amethyst plaza Ty bro
Unfortunately not quite in sf Bay Area but it doesn’t hurt |
|
Date: July 30th, 2025 6:59 PM Author: alcoholic messiness unless you have family in the area why would you care about living there anymore (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143856) |
|
Date: July 30th, 2025 7:09 PM Author: Soul-stirring Degenerate Love Of Her Life Let’s have an SF meetup (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143892) |
|
Date: July 30th, 2025 8:34 PM Author: Effete amethyst plaza (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144110) |
|
Date: July 31st, 2025 10:03 AM Author: White potus The beautiful thing about fuck you money is that you don't actually have to stay in the Bay Area. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145117) |
|
Date: July 30th, 2025 5:53 PM Author: Brindle Racy Stage Can I get in on this, man? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143699) |
|
Date: July 30th, 2025 6:56 PM Author: Effete amethyst plaza Ur doing great for urself brother (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143844) |
|
Date: July 30th, 2025 5:55 PM Author: titillating filthpig principal's office 180. why in the world would you 'grind' anymore? assume you don't enjoy the grind? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143702) |
|
Date: July 30th, 2025 6:57 PM Author: Effete amethyst plaza Want to buy a new house which is 8-10 million
So need another 20 pre tax to really be comfortable, end up at 20m after tax excluding primary residence which is 800k/year safe withdrawal rate
Then I tink I’m done |
|
Date: July 30th, 2025 8:10 PM Author: multi-colored center main people lol (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144072) |
|
Date: July 30th, 2025 8:52 PM Author: violet adventurous forum It's beating a dead horse around these parts, but I just looked up what $8-10M gets you in the Bay Area these days. E.g. https://www.zillow.com/homedetails/161-Primrose-Way-Palo-Alto-CA-94303/19468864_zpid/
LJL at $9.5M for that LJL at $3k in insurance + $10k in property tax for it, per month, every month, forever And LJL that the boomers who currently live there pay less than half of that in property tax per month |
|
Date: July 30th, 2025 9:08 PM Author: Effete amethyst plaza Not flame at all brother
This is Bay Area life. Tons of opportunity but insane wealth |
|
Date: July 30th, 2025 8:55 PM Author: electric mustard shrine mental disorder Decent flame (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144167) |
|
Date: July 30th, 2025 11:12 PM Author: Rose Ratface National Okay, now imagine you are 16 years old - what would 16 year old you tell you to do with the money? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144473) |
|
Date: July 31st, 2025 10:02 PM Author: Effete amethyst plaza Probably like 5 chicks at the same time and a home arcade system (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49147169) |
|
Date: July 30th, 2025 6:58 PM Author: hot school When you have a successful exit, it becomes much easier to print money in the future by pretending you have the playbook to hit it big again. You would be stupid not to try. What else are you going to do if you’re under 40. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143853) |
|
Date: July 30th, 2025 6:53 PM Author: hideous queen of the night area 180.
How old is the company? I assume you were on the ground floor, founder or employee 1, something like that? |
|
Date: July 30th, 2025 6:58 PM Author: Effete amethyst plaza Very early employee. Was a big risk when I joined, and have worked myself to the bone he last few years (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143852) |
|
Date: July 30th, 2025 7:27 PM Author: Henna Arousing Gas Station Nothing wrong with working the bone, brother (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143969) |
|
Date: July 30th, 2025 8:35 PM Author: Effete amethyst plaza (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144112) |
|
Date: July 30th, 2025 6:57 PM Author: violet adventurous forum Congrats. How long have you been with the company? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143848) |
|
Date: July 30th, 2025 8:35 PM Author: Effete amethyst plaza 4+ years (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144113) |
|
Date: July 30th, 2025 7:02 PM Author: histrionic anal native roast beef Nice congrats. Big exits are 180. It’s been a few years for me now, ready for next. Nothing better after being patient for a while to suddenly have it finally come together (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143867) |
|
Date: July 30th, 2025 7:19 PM Author: hairraiser background story pervert Lol queer (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143926) |
|
Date: July 30th, 2025 7:45 PM Author: titillating filthpig principal's office (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144015) |
|
Date: July 30th, 2025 8:35 PM Author: Effete amethyst plaza How much did you clear? Congrats brother (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144114) |
|
Date: July 30th, 2025 7:05 PM Author: slippery magenta turdskin theatre How can I do this as a gay, autistic lawyer? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143878) |
|
Date: July 30th, 2025 8:35 PM Author: Effete amethyst plaza Sex with men for money (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144115) |
|
Date: July 30th, 2025 7:07 PM Author: 180 puce corner Is $25,000 a lot of money to you (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143882) |
|
Date: July 30th, 2025 8:36 PM Author: Effete amethyst plaza Yes (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144117) |
|
Date: July 30th, 2025 8:38 PM Author: Vibrant well-lubricated codepig clown asking relevant questions. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144127) |
|
Date: July 30th, 2025 7:19 PM Author: mint hominid office congrats, brother! (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49143927) |
|
Date: July 30th, 2025 8:36 PM Author: Effete amethyst plaza Ty (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144119) |
|
Date: July 30th, 2025 7:44 PM Author: titillating filthpig principal's office Lmao at this cope. Just admit that you would give everything you have to make $250k at Verizon Wireless as associate general counsel (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144014) |
|
Date: July 30th, 2025 8:38 PM Author: Effete amethyst plaza Keep talking shit about Tmfs household income (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144124) |
|
Date: July 30th, 2025 8:15 PM Author: Mind-boggling Parlour How many inches of jewish penis would you estimate you’ve sucked in your “career” to date? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144078) |
|
Date: July 30th, 2025 8:38 PM Author: Effete amethyst plaza A lot. And not just Jewish (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144126) |
|
Date: July 30th, 2025 8:32 PM Author: Razzle mexican jap Boondocks? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144103) |
|
Date: July 30th, 2025 8:38 PM Author: Effete amethyst plaza He’s like 100M+ a decade ago so prob 500m jow (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144128) |
|
Date: July 30th, 2025 8:46 PM Author: Razzle mexican jap I traded emails with him while working on BLB a million years ago. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144139) |
|
Date: July 30th, 2025 8:54 PM Author: snowy dead toilet seat piazza That was you! I thought you and Randazza and all the crowd from that place had vanished into the ether (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144165) |
|
Date: July 30th, 2025 9:06 PM Author: Razzle mexican jap lol. I remember helping leaf with his CS homework. Hadn’t thought about that in so long. MR wanted me to be part of some suit regarding the registration of the phrase “Big Law”. Nice guy but I was just like, I am no one why do you care about adding me? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144206) |
|
Date: July 30th, 2025 8:34 PM Author: Fuchsia Passionate Haunted Graveyard Wife? Kids? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144109) |
|
Date: July 30th, 2025 8:38 PM Author: Effete amethyst plaza Wife 3 kids (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144129) |
|
Date: July 30th, 2025 8:53 PM Author: shaky stage azn Hope you don’t get divorced brother! (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144162) |
|
Date: July 30th, 2025 9:08 PM Author: Effete amethyst plaza Wife has been a saint
Last few years I’ve basically been absent |
|
Date: July 30th, 2025 9:10 PM Author: shaky stage azn Head on a swivel from now on (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144215) |
|
Date: July 30th, 2025 8:54 PM Author: violet adventurous forum 180. Was it tough being a Bay Areamo with 3 kids before this exit? Describe the changes you're going to make now that you have UMC money. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144164) |
|
Date: July 30th, 2025 9:10 PM Author: Effete amethyst plaza Yeah bro. We only decided to have third kid when this money was somewhat certain
House first. I live in a piece of shit 3m home that would be 150k in flyover. Debating tear down or just buying new, don’t have energy to tear down and rebuild while doing this job
Other than that may buy a nice watch and a vacation and fly biz cvlsss on vacations. And help out family as needed |
|
Date: July 31st, 2025 3:36 AM Author: charismatic walnut step-uncle's house Holy shit you are headed for a juicy divorce rape (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144741) |
|
Date: July 31st, 2025 9:28 AM Author: Laughsome business firm PEPPER | ANGUS (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145063) |
|
Date: July 30th, 2025 9:12 PM Author: Sexy feces With kids and wanting an 8-10 million dollar house, you need to keep grinding for a few more years brother. 25 mil is basically 12 in CA after state/fed tax, after 8 mil for the house, that leaves you 4 mil which maybe will be enough to send your kids to college in 2035 which means you're poor again. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144218) |
|
Date: July 30th, 2025 9:18 PM Author: Effete amethyst plaza Tiotcr
Likely grinding for 2-4 more years for the earn out then really some
And if I burn out before then whatever guess we aren’t flying private
One debate is whether to just build a new house on our lot for 3-4m instead of buy a new one for 8 |
|
Date: July 30th, 2025 9:34 PM Author: Effete amethyst plaza also one clarification is that it’s ltcg so more like 17 after tax, 8 for a house 9 liquid
Need another 10 or so after tax and can be done |
|
Date: July 30th, 2025 11:17 PM Author: Rose Ratface National The fact that this is sort of true is mind blowing.
He could take his $12 million and move ANYWHERE not CA/NYC and easily live phat on $500k. |
|
Date: July 31st, 2025 9:41 AM Author: Effete amethyst plaza This is a Reddit take. My family and friends and network are all in ca. what the fuck would I do in Texas or whatever (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145075) |
|
Date: July 31st, 2025 9:49 AM Author: alcoholic messiness the only thing that matters is your family if you have kids
the point is you have more than enough for fuck you for life money if you choose to move outside CA. who cares about a "network" if you can just... retire? you have enough to buy both sets of parents extremely nice houses in addition to your own if you move anywhere else. if you're not at least considering that as a realistic option you're just lying to yourself to stay in the rat race |
|
Date: July 31st, 2025 3:03 PM Author: chrome cruise ship wagecucks be rich as fuck, mostly
$20MM is enough to have 3 generations set for life if properly invested. What kind of legacy do you want to leave behind? |
|
Date: July 31st, 2025 10:00 PM Author: Effete amethyst plaza Xo loves to shit on global capitalism for moving away from parents and friends for jobs and then also tell you to leave your parents and friends when you have money lmao (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49147162) |
|
Date: July 30th, 2025 9:21 PM Author: motley senate Congrats man. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144251) |
|
Date: July 30th, 2025 9:34 PM Author: Effete amethyst plaza Ty bro (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144278) |
|
Date: July 30th, 2025 9:44 PM Author: Unholy locus doctorate pull the plug (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144298) |
|
Date: July 30th, 2025 10:12 PM Author: Wonderful grizzly windowlicker national security agency Have you considered not being a faggot and squandering so much of your earnings on an overpriced piece of shit house? All of your reasoning ITT is premised on the need to get assfucked by expensive real estate and it’s clear you’ve bought into that idea and keep convincing yourself it’s necessary (when it isn’t). If you drop that premise you’ll be able to come up with a better plan and have more capital to work for you. Also, and relatedly, do not assume just because you did this once that you’ll be able to do it more, or again—I’ve seen plenty of bros get fucked by that assumption. You might, but it’s better to set yourself up financially so you have flexibility and don’t need that outcome to obtain to be good with where you are (which circles back to my first point about not hanging an albatross real estate purchase around your neck as you get your exit). (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144338) |
|
Date: July 30th, 2025 10:19 PM Author: Effete amethyst plaza Tell me more about ca real estate pumo lol (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144352) |
|
Date: July 30th, 2025 10:23 PM Author: Wonderful grizzly windowlicker national security agency And there it is. Like many other fags I know in CA you’ve brainwashed yourself into thinking it’s appropriate to blow $10m on a house (and erode a significant portion of your potential working capital) because “that’s just how it is.” How about you sack the fuck up and stay in your current house rather than consuming a bunch of your exit money on some overpriced shitbox. Use the money to set yourself up financially for life so you don’t HAVE to grind. And then, if you really want to go for some 8-figure estate, repeat what you just did, if you can, and then you can squander some money. You’re acting like a ghetto rat with your thinking just at a different level of wealth. Take off the handcuffs and open up your eyes. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144364) |
|
Date: July 30th, 2025 10:29 PM Author: Effete amethyst plaza Tell me more about being brave pumo (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144375) |
|
Date: July 30th, 2025 10:32 PM Author: Wonderful grizzly windowlicker national security agency You’re being glib ITsubthread because I’m challenging your psychological premise (blow money on house is necessary) and it doesn’t feel good. Maybe unbelievably to you, I’m saying this out of a desire to see you maek it in a deep and sustainable way. I’d urge you to at least think about what I’m saying, if you’re able to. You have an opportunity that very few people get and it would be boneheaded to do what you’re proposing to do. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144379) |
|
Date: July 30th, 2025 10:47 PM Author: Effete amethyst plaza Tell me about how psychologically challenging yourself pumo lolololol (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144413) |
|
Date: July 30th, 2025 10:22 PM Author: Indigo maniacal giraffe ladyboy Seems like every six months there’s a poster who says the same thing. Are there a lot of tech bros on here? Doesn’t seem like it to me. Every time I ask for help with Word or pdf editing I get no responses. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144362) |
|
Date: July 31st, 2025 3:35 AM Author: charismatic walnut step-uncle's house Have you tried rebooting your machine (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144740) |
|
Date: July 31st, 2025 9:09 AM Author: hideous queen of the night area (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145039) |
|
Date: July 31st, 2025 9:20 AM Author: alcoholic messiness (EPAH) (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145054) |
|
Date: July 30th, 2025 11:26 PM Author: concupiscible french dysfunction heaven 180
This happened to me. I do whatever the fuck I want now. I mostly hang out with my kids and write shitty novels. I used to play around with cool tech but I am not terribly interested in AI and it moves too fast for someone who isn't fully invested in keeping up with all the new gay shit
I help out on the steering committee of a programming language. That's enough tech for me these days. |
|
Date: July 31st, 2025 9:42 AM Author: Effete amethyst plaza 180 How much did you make, how did you think about retirement ability/withdrawal rate et c? |
|
Date: July 30th, 2025 11:49 PM Author: Sepia athletic conference You're making that much but not a founder? What kind of tech? Are the founders clearing $20B+? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144554) |
|
Date: July 31st, 2025 12:15 AM Author: Dun Faggotry Library This thread is eye opening for me, I’d feel comfortable retiring with 3 mil in the bank. Goes to show your spending just increases with your earnings. good for the economy I guess, but the hedonistic treadmill is wild. I guess this is why billionaires still work. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144599) |
|
Date: July 31st, 2025 12:28 AM Author: Sepia athletic conference Why retire unless you're old or taking care of kids/elderly or sick parents? Doing nothing all day without purpose would be corrosive to the soul. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144631) |
|
Date: July 31st, 2025 2:58 AM Author: Contagious overrated weed whacker Why not grind on something non cucky (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144731) |
|
Date: July 31st, 2025 10:35 AM Author: Dun Faggotry Library I can think of plenty of fulfilling things to do that dont involve working at a job (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145203) |
|
Date: July 31st, 2025 9:43 AM Author: Effete amethyst plaza Do you have kids and live in hcol to be near family? Thats basically most of it
I have friends who are early retiring off 3m to live in a van (no kids), doesn’t sound that fun to me |
|
Date: July 31st, 2025 10:34 AM Author: Dun Faggotry Library your perspective is hilarious. $3m is more wealth than 99.9% of all humans who have ever lived have owned, but you think its only enough to live in a van and be homeless. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145195) |
|
Date: July 31st, 2025 11:00 AM Author: Effete amethyst plaza Your poasting on the rotted carcass of a preftigious message bort where the resident loser aspired to a billion. Welcome to xoxo hth (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145254) |
|
Date: July 31st, 2025 8:15 AM Author: Pearl Talented Headpube 180 (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49144940) |
|
Date: July 31st, 2025 9:12 AM Author: stirring lime friendly grandma Figma?
Not too many startups where early employees get 8 figures. |
|
Date: July 31st, 2025 9:26 AM Author: Green range knife it pains me to see you burn that money by giving it to the ftb when tax avoidance is so easy. i paid for my current home with my tax savings from my exit.
even if you don't want to leave the state, have you considered a ning? |
|
Date: July 31st, 2025 9:40 AM Author: Effete amethyst plaza You sure bro? I’m all for tax avoidance but this doesnt seem feasible
“ California followed suit in 2023 when Gov. Gavin Newsome signed a bill effectively banning ING trusts. As PwC noted in its explanation of the law, the state now treats California residents who transfer assets into ING trusts as the owners of those entities and subjects distributions from the trusts to state income taxes”
|
|
Date: July 31st, 2025 10:02 AM Author: Green range knife that's new to me, i'll read into it and give my take. even if he doesn't do a ning, if his liquidity event hasn't happened yet and pushes into 2026, he needs to hie himself to tx, fl, or some similarly low/no tax state for 2026. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145116) |
|
Date: July 31st, 2025 10:04 AM Author: White potus Congrats! (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145119) |
|
Date: July 31st, 2025 11:26 AM Author: Spectacular jewess Congrats. Based on your comment re $8M house I'm guessing you're gung ho on Hillsborough or somewhere on the Peninsula? Because you'd be right it doesn't seem like it's worth trading up from a $2.5M property till you approach the $7-8M properties, it's the cruel nature of the area. But if I were in your shoes I'd be aiming at a $5M max property, even less. You can get a very pleasant house in East Bay (Piedmont, Orinda etc) or Marin for that and wisely invest the rest and probably just retire.
Living in an $8M house means you'll feel the pressure to have a lifestyle that matches, which means you'll probably spend a lot more than you anticipate. $8M houses are for people worth $50M+ and with multiple properties. Not someone with 50% of their assets tied up in one house.
|
|
Date: July 31st, 2025 11:53 AM Author: stimulating light dog poop fat ankles I think Hillsborough/Atherton etc is bullshit IMO - I know it’s an unpopular opinion but if you have kids I think Half Moon Bay/Pacifica is better. Almost every person I know who grew up in those insanely wealthy areas is fucked up.
Seconded on the east bay though. If you pick the right area (Piedmont/Kensington) there are some very nice homes; but the issue is the culture especially if you have kids…but then again that’s more of an endemic issue in the area.
There’s always Marin too. |
|
Date: July 31st, 2025 12:07 PM Author: Effete amethyst plaza Cr I worry about all this
I am not retiring right now though still got young kids in diapers
Probably gonna do it a couple more years try to double the number and then can be comfortable wherever, but very mindful of the fucked up rich kid dynamic |
|
Date: July 31st, 2025 12:09 PM Author: White potus Out of curiosity, what does "retirement" look like to you? Say you spend 3-5 years and double that number. Then what? (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145402) |
|
Date: July 31st, 2025 12:31 PM Author: Effete amethyst plaza Haven’t gotten that far but have vague ideas of being ballgame dad, learning golf for real (and random other old sports I used to play), traveling a lot, and something artistic like learn to make a movie and actually make a low budget one
Maybe angel investing if I’m still in the area but right now the idea of it makes me lol. Would be happy to be completely detached from ecosystem |
|
Date: July 31st, 2025 3:05 PM Author: White potus This sounds like what people say when they aren't really going to retire for the foreseeable future. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145956) |
|
Date: July 31st, 2025 10:01 PM Author: Effete amethyst plaza Well I need another 20 or so and I’m good amirite (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49147165) |
|
Date: July 31st, 2025 11:48 AM Author: stimulating light dog poop fat ankles Congrats bro. Pay those taxes and chill. Buy some property and a farm/ranch if you know what you’re doing with that and set your kids up with a legacy. (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49145347) |
|
Date: August 1st, 2025 7:26 AM Author: cowgod (retired) (🧐) Lawyer operated farm full of robot farmhands tp (http://www.autoadmit.com/thread.php?thread_id=5756431&forum_id=2],#49147899) |