Why I'm cashing out of San Francisco's tech IPO boom and retiring to Hawaii at 42. via CNBCMakeIt
My wife and I moved to San Francisco in 2001, and after 18 years, we finally decided we've had enough. Our plan now is to cash out of the tech IPO boom and move to Hawaii to semi-retire in our early 40s.
We feel a tremendous burden to keep working so we can earn higher salaries only to keep up with the city's rising costs. That said, the only way to break free from this trap is to sell during the tech IPO boom. If we're able to sell to one of the newly minted tech millionaires once their six-month lockup period is over, we would reinvest the proceeds into various passive income investments such as dividend stocks, short-term treasury bonds, venture debt and private equity.
A 6% blended return on the gross capital base with no maintenance or tenant issues sounds much better to me. My parents want to move out of their old four-bedroom house because they find it too large to maintain. My family of three would take over the house and spend about $3,500 a month paying for a fully-furnished two-bedroom, two bathroom condominium downtown near all the shops and restaurants for my parents to live in.
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