$10,000,000 net worth (Age 50)

$10,000,000 net worth (Age 50)

“Delegation” - a manager approaching 50 years old who reached his initial FIRE number of $2 million at age 40. Instead of retiring, he adopted a “quiet quitting” mentality in his mid-level management position a decade ago. He stopped being overly invested in work, delegated extensively, pushed back on unrealistic deadlines, ceased after-hours work, and transformed his demanding role into a manageable one. Surprisingly, this approach led to increased trust from his team and recognition from upper management as leadership material. Over the past ten years, he received four major promotions and now holds the #3 or #4 position in his company. His net worth (98th percentile for his age) has surged from $2 million to nearly $10 million, with an additional $7-9 million in stock options that could vest when the company sells in the next 1-5 years. His wife, a dedicated teacher, encouraged him to “take it easy” rather than fully retire, advice that proved financially transformative.
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  “I chose to adopt a ‘quiet quitting’ mentality in my mid-level management position. To be candid, I decided to stop being overly invested... I delegated everything, even minor tasks. Through sheer will, I transformed my demanding role into a more manageable one. Life became enjoyable; I had eliminated stress, achieved financial independence, and my dedication to the company was at an all-time low.”

 

TAKE-AWAY: strategic disengagement and effective delegation can paradoxically lead to career advancement and wealth accumulation. By setting boundaries, saying no, prioritizing family, and delegating extensively while maintaining clear communication, you can reduce stress while simultaneously building trust and demonstrating leadership qualities that lead to promotions which proves working smarter, not harder, can multiply your net worth.

 

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