hi , trying to get some opinions and views outside of my echo chamber, and obviously anon for obviously reasons.
background
41years in April, married, no kids (passed on and not sure if we'll try again)
income
1st house paid off, 2nd property paid up and being rented out - 8k/mo (after utilities, tax etc)
salary after tax 50k
side hustle 1 - freelance coder - 10k/mo (net after tax, hosting, software etc)
side hustle 2 - selling on takealot/makro - 60k/mo (net profit after tax, expenses etc)
reit property investment - 4.5k/mo (700k invested
livestock investment - 6k/mo (500k/invested)
liquidity
- 1.2m in an etf
- 350k in tfsa (max out every year)
- company pays RA and i top up about 30k/year for tax writeoff)
- 100k in day to day savings (emergency fund)
- 500k in company savings account
- zero debt
- 1 x 10 year old car, daily runner fully paid
- 1 x 6 year old wife car, also fully paid
- crypto about 250k across btc and other bigger cap alts (no shitcoins!)
expenses
- domestic 6k/mo
- groceries & wife allowance - 20k/mo ( what is the PC term for this?)
- personal spending like clothing/eating out/ - 3 to 5k/mo
- 3k water/lights/utilities etc
- medical paid by company
- subs like fibre, insurance, armed response, garden service, software etc 2k/mo (running via company as expense)
Wife does a bit of graphic design but thats hers to keep (4 to 5k/month sometimes)
So yes, i'm fully aware of my privileges and wealth, while I'm no baller billionaire, i am blessed and do not take this for granted.
We live pretty frugal, do an annual overseas trip annually (hoping to make it twice a year) but nothing super crazy. typically spend about 50 to 60k on the entire trip (flights, hotels, spending, food etc). Try to do 2 or 3 local weekend trips to the coast, kruger and similar.
Did some extensive renovations last year so that burned up about 300k and then another grudge purchase last month for 130k for a solar inverter setup
Right now, want to bring up my lifestock & reit investments to 1m each, which should give a combined 15 to 18k/mo give or take. Also eggs in 1 basket thing so dont go 'all in'
Where to from here?
bored of salaried work but the pay is good and pretty flexible (remote sometimes, flexi hours, take leave anytime) But for the last few years I see zero challenge and zero growth, I find myself also becoming stuck in a rut and not learning new skills. Since last year I've resorted to hiring an out of work chappie (at my cost) and letting him do the boring work for me. Boss doesn't care, as long as targets are met and work is done everyone is happy. chappie loves it as he works exclusively remote and I'd like to believe he's happy, This allowed me to grow my side hustles.
Lets not forget the comfort of a predictable salary deposit every month.
Side hustles are good but the figures I gave are an average over 12 months of 2022, some months spike, some months dip. My fear is if I quit and side hustles dry up?
I hate corporate and would hate to start afresh at a new company.
Strongly considering emigration but with no formal qualifications, I cant see this working out. And 40+?
Savings? more into EFTS? buy property? buy a business? how does one invest into businesses, not necessarily silent but not fully hands on too?
Happy to answer any questions too?
background
41years in April, married, no kids (passed on and not sure if we'll try again)
income
1st house paid off, 2nd property paid up and being rented out - 8k/mo (after utilities, tax etc)
salary after tax 50k
side hustle 1 - freelance coder - 10k/mo (net after tax, hosting, software etc)
side hustle 2 - selling on takealot/makro - 60k/mo (net profit after tax, expenses etc)
reit property investment - 4.5k/mo (700k invested
livestock investment - 6k/mo (500k/invested)
liquidity
- 1.2m in an etf
- 350k in tfsa (max out every year)
- company pays RA and i top up about 30k/year for tax writeoff)
- 100k in day to day savings (emergency fund)
- 500k in company savings account
- zero debt
- 1 x 10 year old car, daily runner fully paid
- 1 x 6 year old wife car, also fully paid
- crypto about 250k across btc and other bigger cap alts (no shitcoins!)
expenses
- domestic 6k/mo
- groceries & wife allowance - 20k/mo ( what is the PC term for this?)
- personal spending like clothing/eating out/ - 3 to 5k/mo
- 3k water/lights/utilities etc
- medical paid by company
- subs like fibre, insurance, armed response, garden service, software etc 2k/mo (running via company as expense)
Wife does a bit of graphic design but thats hers to keep (4 to 5k/month sometimes)
So yes, i'm fully aware of my privileges and wealth, while I'm no baller billionaire, i am blessed and do not take this for granted.
We live pretty frugal, do an annual overseas trip annually (hoping to make it twice a year) but nothing super crazy. typically spend about 50 to 60k on the entire trip (flights, hotels, spending, food etc). Try to do 2 or 3 local weekend trips to the coast, kruger and similar.
Did some extensive renovations last year so that burned up about 300k and then another grudge purchase last month for 130k for a solar inverter setup
Right now, want to bring up my lifestock & reit investments to 1m each, which should give a combined 15 to 18k/mo give or take. Also eggs in 1 basket thing so dont go 'all in'
Where to from here?
bored of salaried work but the pay is good and pretty flexible (remote sometimes, flexi hours, take leave anytime) But for the last few years I see zero challenge and zero growth, I find myself also becoming stuck in a rut and not learning new skills. Since last year I've resorted to hiring an out of work chappie (at my cost) and letting him do the boring work for me. Boss doesn't care, as long as targets are met and work is done everyone is happy. chappie loves it as he works exclusively remote and I'd like to believe he's happy, This allowed me to grow my side hustles.
Lets not forget the comfort of a predictable salary deposit every month.
Side hustles are good but the figures I gave are an average over 12 months of 2022, some months spike, some months dip. My fear is if I quit and side hustles dry up?
I hate corporate and would hate to start afresh at a new company.
Strongly considering emigration but with no formal qualifications, I cant see this working out. And 40+?
Savings? more into EFTS? buy property? buy a business? how does one invest into businesses, not necessarily silent but not fully hands on too?
Happy to answer any questions too?