Can I eventually FI/RE but also fulfill my dream of getting involved in philanthropy?
DINK couple living in MCOL & aiming to reach 1 mil in investments when we're 35. Currently have $820k invested in early 30's. HHI $275k. Primary residence is worth around $430k with $200k left on mortgage. Our rental property is worth $420k with $225k left on mortgage. Both interest rates are around 3.4% so not worth paying off early yet to us. Yearly spend is around $65k.
We can continue to be frugal & invest ~$120k/yr but honestly we're a bit burned out. I want to scale back and invest maybe $50k/yr and retire with around $2mil around 42-43. My job is very stressful (healthcare) so I want to get out as soon as possible.
A big dream for me is to get involved in philanthropy - either with my time or money. I would love to start a substantial scholarship fund for underprivileged or first gen students. I would love to cover the full undergrad/graduate school tuition for one student a yr.
If that's not feasible without me working til I die, then i would want to maybe get involved in starting a charity to donate money to cover vet bills for animal rescues/shelters.
Just brainstorming here and understand I really need to go over the financials.. but has anyone gotten involved in anything like this?