How do you think about untradeable assets?
So after a really rough decade, life turned around for me and I’m doing well. I started working for a different fund and we got lucky on a few things. My carry could theoretically be worth very low 8 figures over the next decade (finishes vesting in 3 years and then paid out from exits; currently ~65% vested). Current nw is around mid - high seven figures.
How do you account for this and how does this factor into spending? I currently spend maybe 30% of what I earn after tax and have a modest lifestyle - grew up poor and haven’t forgotten it. The wife wants to buy a nicer house and a nicer car since my joints aren’t great and one day I won’t be able to get into a sports car. Her view is we can spend more, and I’m letting my past affect my present.