Path to Financial Freedom

Zion2022 said:
The reality is that we currently couldn’t maintain our situation with a halving of our income.
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This would be a concern for me personally. High paying jobs are hard to come by, and more so now given the global hiring freeze many tech firms are going through. Although it looks like you have an artificially lower mortgage as 1/3rd of the debt is to family and not being repaid right now.

I'll go against the trend here and say an additional focus should be to keep cash on hand to fund your lifestyle and pay bills for an extended period of time.
 
i wouldnt be too aggressive with battling lifestyle creep there has to be some reward for stress and achievement as long as it is proportionate.

Also dont be too hard on yourself, regardless how good you are at your job being put in more senior positions is new to everyone at some point and a lot of the required skills are learned and experience is the only answer to that. I'm sure if people are honest no one who has been promoted to senior roles (especially early) could say they didnt feel out of their depth at some point. When that feeling goes away the stress dissapates somewhat in my experience, i also feel you tend to get the best out of yourself the more 'out of your depth' you feel.
 
Have you spoken to a career coach or do you have a mentor that you can speak to about your career? Imposter syndrome is very common but your employer obviously thinks you are the best person for the job. It will take you some time to get used to the role. If there is someone with a lot of experience who can help you it will be money well spent. On the public speaking, it is natural to have nerves beforehand and it keeps you sharp and focused. Not sure what to do about the sleepless nights, a glass of whiskey before bed?

Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 

You will get better at managing stress as you get older. You'll learn how to cope with things better and how to prioritise and most importantly, you'll learn that most of the things you stress over are actually largely irrelevant. Think back to what had you stressed with work 12 or 18 months ago, are they issues now or have they passed and been largely forgotten about?.

You do need to think about investing in your career so take advantage of whatever training you can get from your employer. Also don't feel afraid to utilise any support mechanisms you can get through work as well.

For now, focus on paying down the debt and taking time out to enjoy life a little
 
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