I just put in my resignation notice at my job because the owner is making some serious changes to the company and my position that I'm not willing to accept. My crypto (BTC/ETH) is $484,000 USD and the rest of my liquid assets are worth about $83,000. Doing some quick capital gains tax calculations, I'd be left with about $375,000 of that 484 figure if I sold it right now (burger taxes).

I'm tired of the wage cage and I don't think I'm very employable as the job I've been doing remotely over the past decade+ is rapidly being outsourced to Pajeets and AI takeover of it is just around the corner anyway. So aside from just being a reliable employee who gives a shit, I have no other real marketable skills, at least yet.

Here's the kicker though: I live with my wife in a low cost country (before you talk shit it's not SEA). We own our own place, so no rent or mortgage, and in total I could live comfortably off of $1,000 a month. My wife is a small business owner and makes about $100k a year, which is ridiculously high for where we live.

Is cashing out and doing FIRE a good idea or no?

Thank you for reading my blog Stayvun

>STEVEN

>>60524702 (OP)
>cashing out
Yes. Obviously. If your assets are enough to retire on, they should be in a more stable asset than crypto.
>FIRE
Do the math and figure it out. All that matters is the % chance that you will run out of money before dying. You do not want to be 70, retired for 30 years, and broke.
You can just work part time or do consulting to lower the odds of that happening.

>>60524748
That's the thing that worries me the most, running out of money when I'm 70. But part of me knows that I'd see that coming from a mile away and adjust my lifestyle / income opportunities long before that.

>>60524799
Would you? Can you predict the next 2008?

>>60524807
Of course not, but honestly if I were to FIRE I'd probably just try to get some type of part time gig to pad my lifestyle with anyway. I don't think I could simply do nothing for the next 50 years. But I would like to take a couple years off if I did do FIRE so I can go back to school or learn something new.

LOOK ME IN THE EYE STEPHAUN

>>60524702 (OP)
Holy shit. That you even have to ask that question while you can live on your wife's salary until BTC 10x is a testament to your immense avarice. May God have mercy on your soul.

>>60524940
I hopefully wouldn’t need to live on my wife’s income, that would be scumbag-tier. Also this isn’t avarice, I’m right on the cusp of either fucking up or never having to work again.

Also thanks for forcing me to look up the word avarice in the dictionary

>>60524702 (OP)
What does FIRE stand for?
>in total I could live comfortably off of $1,000 a month
So with just the $375k alone, you could spend the next 30ish years without having to work. That's not counting the money your wife has. If I was in your position, I wouldn't even think about waging.

>>60524955
You're thinking short term. You're gonna have a million bucks in the time it takes your wife to earn half that. If you can't suck it up, then keep waging your soul away. You know pride is also a deadly sin, right? We have to stand on our principles, so which is more important?
>not using wife money (then where is it all?)
>standing up for yourself professionally

>Steven why'd you buy bitcoins at their all time high?
>..........to have them

>>60525037
My point is that asking my wife to wage while I neet without spending any of my hundreds of thousands of dollars is pretty unrealistic lol

>>60525026
You’re right

>>60525066
>You bought them on Coinbase Steven! Do you even know what a wallet is?!
>..... I don't know

>>60524702 (OP)
If you're gonna play the game, boy
You gotta learn to play it right
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run