I read “The Fastlane” book and agree with the general concept that Fastlane is better than Slowlane.
However, I am struggling to think about how/if it applies to my situation.
Now I struggle to think if trying to switch, in my case, to Fastlane does make sense, as:
P.S. An alternative option that I am considering is decrease in investment in ETFs and be a business angel as a side hustle to work in consulting, with some luck, it can break the 5m USD threshold
However, I am struggling to think about how/if it applies to my situation.
- I am ~30yo
- I live in a European country with a relatively low cost of living (prices around -50% vs US)
- Currently, I and my wife make 100k USD net and have a 60% saving-to-income ratio
- Just for context, my salary is in the top 1% in my country
- I am working in top-tier consulting (MBB) - I like the job, although shitty WLB (60-70h workweek)
- I am considering moving to Dubai, where I alone can make in the next 10y 5m USD net (assuming salary in 1st year 200k USD and growing till 1m USD over next 7y, not assuming any inflation) at 60h workweek
Now I struggle to think if trying to switch, in my case, to Fastlane does make sense, as:
- The risk of failure is significant (% of companies that achieve success is relatively low)
- It is not worth risking something that you need (low-risk path to 5m USD in 10y) for something that you do not need (wealth of >5m USD)
P.S. An alternative option that I am considering is decrease in investment in ETFs and be a business angel as a side hustle to work in consulting, with some luck, it can break the 5m USD threshold
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