Damon (Caller from San Jose, California)

and i want to know how i should think about the baby steps as well as like my savings with my income drastically decreasing as i try self-employment out for the next little bit why are we drastically decreasing as a part of this process yeah yeah good question so i've been working for the last 10 years i've been working in tech in the bay area um and wanted ready to kind of switch things up and spend more time with my family i have four kids

and i want to know how i should think about the baby steps as well as like my savings with my income drastically decreasing as i try self-employment out for the next little bit why are we drastically decreasing as a part of this process yeah yeah good question so i've been working for the last 10 years i've been working in tech in the bay area um and wanted ready to kind of switch things up and spend more time with my family i have four kids

And so, look, I'm going to the self-employment route where I've been going from making, you know, over $350,000 a year down to, you know, maybe $50,000 the first year, you know, hopefully more, but trying to grow it up from there.

And so, look, I'm going to the self-employment route where I've been going from making, you know, over $350,000 a year down to, you know, maybe $50,000 the first year, you know, hopefully more, but trying to grow it up from there.

And so, look, I'm going to the self-employment route where I've been going from making, you know, over $350,000 a year down to, you know, maybe $50,000 the first year, you know, hopefully more, but trying to grow it up from there.

What are you doing?

What are you doing?

What are you doing?

What are you doing? A little different. I'm a CPA, and I've kind of been growing this on the side for the last three years, so it's not going to zero. But I'm a CPA, so I've been doing some taxes and bookkeeping for companies.

What are you doing? A little different. I'm a CPA, and I've kind of been growing this on the side for the last three years, so it's not going to zero. But I'm a CPA, so I've been doing some taxes and bookkeeping for companies.

What are you doing? A little different. I'm a CPA, and I've kind of been growing this on the side for the last three years, so it's not going to zero. But I'm a CPA, so I've been doing some taxes and bookkeeping for companies.

Two careers. Previously, I was kind of a supply chain planner for a big tech company. Before that, I was an auditor as a CPA for five years.

Two careers. Previously, I was kind of a supply chain planner for a big tech company. Before that, I was an auditor as a CPA for five years.

Two careers. Previously, I was kind of a supply chain planner for a big tech company. Before that, I was an auditor as a CPA for five years.

So in my 401k, I have $400,000. And then on top of that more liquid, I have about $300,000 in stock, you know, between Vanguard and some tech stocks, and then $200,000 that's in cash, which I know is a lot, but I've kind of been preparing for this jump.

So in my 401k, I have $400,000. And then on top of that more liquid, I have about $300,000 in stock, you know, between Vanguard and some tech stocks, and then $200,000 that's in cash, which I know is a lot, but I've kind of been preparing for this jump.

So in my 401k, I have $400,000. And then on top of that more liquid, I have about $300,000 in stock, you know, between Vanguard and some tech stocks, and then $200,000 that's in cash, which I know is a lot, but I've kind of been preparing for this jump.

Yeah, hopefully more than that.

Yeah, hopefully more than that.

Yeah, hopefully more than that.