u/omer8734

▲ 13 r/Fire

26M - 400k saved up so far and and need some advice

First post here and I think others experience on here could help me clear up some options I have for the future.
So first the basics, for the last 5 years I’ve been working in the same local business, started at the bottom and quickly climbed up and now I’m number 2, my salary keeps increasing year to year and I feel very compensated based on how the business is growing, the owner appreciates me a lot and knows the sacrifices I made to help the business and how I’m fully focused on it.
Right now my take home pay after taxes is 200-240k yearly, basically my salary is directly tied to our profitability, so as long as the business keeps growing my salary should increase.
I’m not from the US (though I lived there my whole childhood) and I don’t a university degree. I spent only 2-3k a month so I save about 90% of my salary.

The problem is that I’m sure this is not the business or the industry I want to be in in the future, even looking 5 years ahead I don’t want to stay here. I’m really interested in business and finance and I think those areas are what I’m good at, I’m good with numbers, good at sales and good with people. And I believe that if I’m motivated and interested I can do big things in that area. I feel like the way to enter that profession would be a university degree and then to start working and advance. My parents are pushing me to start studying, I just have some trouble “giving up” what I worked up to at my work, I probably wont be able to save money when I’m studying, and also the years after the salaries are very low so it will set me back in terms of FIRE by quite a bit.
My salary right now is pretty much unmatched apart from high level FAANG in my country, it’s just that I don’t want to stay in the same business in the future and right now I barely have time for friends and hobbies, I work insane hours almost every day, no vacations and no flying abroad or anything.

What would you do in my situation and what advice do you have have? Appreciate it a lot

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u/omer8734 — 1 day ago