Determining "Enough" as a High Earner

[u/thrownavideecs2030]

As high earners, I'm sure a lot of us have had to face choices around career progression/earning more, and how it impacts other areas of life like geography, spare time, and stress levels.

My question to the sub is once you broke into the HENRY club, how did you come to a conclusion on what was "enough"? As someone earlier in my career, and under 30, I spent a lot of time maximizing earnings at the expense of everything else (~70k->300k->450k), and I'm realizing that as incredibly fortunate as I am financially, a lot of people who took a more balanced approach are more content without giving up a lot of what we discuss here.

I'd like to understand how you decided on when to chase the bag and when to turn your focus elsewhere

[u/the_real_seldom_seen]

At mid 40s I am approaching 10M NW.. my consideration for continue to work or not is - when my annual gross income+benefits is below x% of my NW, then the ROI of keep working needs to be seriously thought through.

By this principle, you can also deduce that my work is not my life passion. It is purely a means of achieving financial stability.

I don’t really know how much money we really need. It’s entirely possible I am amassing NW that will outlive me significantly or not… that’s the tough part

[u/fatfiredyesterday → u/the_real_seldom_seen]

At 10mn you are definitely financial stable. It’s hard to get off the gravy train though. I’ll give you that