We're in our 40's and spend $375k annually - are we saving enough to ensure we can retire eventually?

Navigating career, family, and financial goals can be challenging when trying to reach financial independence. Whether you're eyeing a $10M goal or striving for financial independence, the key lies in optimizing current resources and exploring flexible income opportunities.

The Redditor shared their situation as a family of five aiming for a $10M 'fatFIRE' goal within five years, grappling with a demanding job that doesn't justify its pay.

With a net worth of $7.3M and annual expenses of $375K, their biggest challenge is a stressful job that doesn't compensate enough, leading them to seek financial flexibility.

Currently open to alternative income options like vacation property development and small business ventures, the Redditor reflects a common struggle in balancing financial aspirations with personal life.

Read at 24/7 Wall St.