R fatfire. Nobody knows for sure, but Fat FIRE makes it possible to enj...

Anyone making a household income of $250k+ in most cities (a

You should consider the size of the cities as well. What is considered Sydney or Melbourne is 12000km2 and 10000km2 respectively and there is plenty of variation within these. Living in a nice part of Sydney will set you back a fair bit. This is FatFIRE so I'm assuming you want a nice house in a nice area.We would like to show you a description here but the site won’t allow us.The typical “mainstream media” FIRE situation looks something like this: Two engineers with no kids and six-figure incomes save 80% of their pay for six or seven years, ride a bull market, and ...quixoticspaz1 • 3 mo. ago. There are two tiers of trust and estates attorneys: (1) boiler estate planning documents for around $5,000 - $10,000 or (2) hourly engagements with a bigger firm at $1,000 an hour. You won't get your questions answered in the way you want by a shop doing a $5,000 estate plan. Feedback for high-end massage chairs. Curious if anybody here has gotten them and what your thoughts are. I'm looking at newest Human Touch model, 15-20% off for BF and considering taking the plunge. I remember testing them out 5-10 years ago when I wasn't realistically considering them and felt the technology just wasn't quite there.Ive lost quite a bit of value from my crypto holdings, my net worth was getting close to 70k when those positions were doing well. I hope to cross 100k by 25. 0, 0, 0 Discovered FIRE at 31, now at 33 at around $150k. 20: 1k 25: -110k 30: 400k. 20-0, 25-25k, 30-300k, 35-1.5M.Happy 4th Birthday. You’ve All Done Exactly What I Always Imagined. 4 years ago today I was sitting in the Atlanta airport and getting more and more annoyed that the FIRE community was being overtaken by the leanFIRE way of thinking. So I created a new subreddit called fatFIRE to be a place where people who were interested in FIRE, but on …We would like to show you a description here but the site won’t allow us.I am. I lived in the USA for 10 years but recently moved back home to the UK in 2019. The US was very generous to us and I have a son now with dual citizenship but for this part of my fatfire journey, being back in the UK is the best option due to the very very high contribution limits for SIPP and ISA. Ideal Long Term City. Hi everyone, My partner (25M) and I (24F) are a young couple on the path to hopefully fatFIRE in 15 years with current net worth of about 2mil. Our annual income is around $700k. As of now, we're based out of NYC and absolutely love the city -- we plan on living here until we want to settle down long term with kids. Our American Express card has a $250 annual fee. It offers 4x Amex membership points on 2 most used categories per month, up to $120,000/year, then 1 point per $1 spent. We use this card exclusively for shipping charges since we go over the $120K maximum every year. The points add up really fast with the 4x benefit. As for the actual driver it seems like you have lots of advice on here. If you really like a driver from a service then just make a personal connection and an offer. If you want a driver to literally wait on you at all times that will probably cost about $80k per year but obviously thats a loose figure. Most people both here and r/fatfire seem to have settled on this being 1.5ishM-4M net worth and Fat being 5M+. Lifestyles/path to wealth stories seem to vary a bit with there being …If you're looking for a more long-term, true FAT experience then consider a place like Cleveland Clinic Canada. They do full body assessments and scans every year, you get telehealth access, etc. It'll run you about $20k a year. EDIT: I wrote ER but meant walk in clinic. Hey r/fatFIRE, two quick questions. My grandfather recently passed away and his inheritance nudged my parents to reconsider how they're investing for retirement. Right now they're considering Fidelity Wealth Services, who recently sent my parents a portfolio of how they'd manage my parents' money. As far as I can tell, it looks like Fidelity's ...The video shares 5 ways to use debt, including leveraging assets, investing in dividend-paying stocks, starting a business, using credit cards wisely, and using debt to buy appreciating assets. The video stresses the importance of cautious debt management and encourages viewers to research before investing.Pretty much normal, housing, travel, food etc. I overspend a bunch on food and entertainment but don’t buy a lot of stuff. Usually $250-275k a year, but more this year with how hotels and other travel-related expenses have blown up, plus we bought a Tesla Model S. Biggest expense categories are travel and dining out.The answer to your question is a tax free transfer of wealth. Life insurance is not taxed and not included in the 11m cap. A large whole life policy, while having an expensive premium, could save your heirs in taxes. If they aren’t yet fatFIRE they are unlikely to have the level of wealth where this matters.Obviously just about every person alive would love to make the big bucks so being 22 and saying you ‘aim to Fatfire’ as these posts often do is just way off the mark. I found that the regular members of this sub also give very well-thought-out responses to nuanced (first-world) problems, which otherwise is quite hard to find.The difference: FatFIRE devotees don’t want to scrimp and save in order to afford early retirement, and instead focus on maximizing their income while they’re still working, according to the r/FatFIRE subreddit. Not surprisingly, working at large tech companies is one popular path to pursuing fatFIRE.Personal Injury lawyers make..bank? Heard about this on My First Million, this lawyer shares his financial life story on r/FatFire. $6M-$8M PER YEAR in…I am. I lived in the USA for 10 years but recently moved back home to the UK in 2019. The US was very generous to us and I have a son now with dual citizenship but for this part of my fatfire journey, being back in the UK is the best option due to the very very high contribution limits for SIPP and ISA.Estate attorney - comparing experiences. I recently hired an estate attorney to do the basic estate package (will, power of attorney..etc). I am now considering doing a grantor trust or slat. I was initially quoted 10k and now I’m being told it’s 18-20k for the new trust. This is after spending a few thousands on legal advice and 6k for the ...A wise mentor (who wishes he had had more than 2 kids and is a a FatFIRE) describes life as a 3 Chapter book: Chapter 1) Preparing to live the life you want to have, including finding your wife and having kids. Chapter 2)Living the life you built for your family, and preparing you and your wife for the future.But anyway, answering the main question, yes people fatFIRE from eCommerce all the time. It's just a matter of deciding when is the right time to exit, IMO. 2. panache123 • 1 yr. ago.FatFIRE. So if LeanFIRE is about cutting costs and minimizing living expenses, then FatFIRE must be the opposite? In a way, yes. FatFIRE is for people who want to reach early retirement, but will have much larger yearly budget and/or higher expenses. Instead of living under $40,000 or being more of a modest range for traditional …Feedback for high-end massage chairs. Curious if anybody here has gotten them and what your thoughts are. I'm looking at newest Human Touch model, 15-20% off for BF and considering taking the plunge. I remember testing them out 5-10 years ago when I wasn't realistically considering them and felt the technology just wasn't quite there.Second the Land Cruiser. Discrete luxury - although in Sweden it is going to drink a lot of liters of gas. 14. BananaH4mm0ck • 3 yr. ago. Defender is great, but it’s not quite luxurious. More utilitarian, which is aligned with its purpose and fit …SWR (3-4% is what is typically used) needed to yield minimum income threshold for fatFI budget. Corresponding inflation-adjusted NW. Monthly savings needed to get to that NW at an inflation-adjusted compounding return of ~7% in the amount of time you have left to produce that income (i.e. length of accumulation phase)Boglioli is a steal at the price point for off the rack formal wear, Brioni has great suiting for the large man if you want a “power” look. One great way to make off the rack clothing look and fit amazing on a hard-to-fit body is to find a local alterations tailor and build a relationship with them. 25. 1.The scope of FatFIRE extends beyond the conventional retirement mindset. It encourages individuals to envision a retirement lifestyle where they can indulge in personal passions, travel, support loved ones, and maintain a higher standard of living. In essence, FatFIRE offers the financial flexibility to make the most of your retirement years.Hey OP, congrats to you for pursuing your dream and having the guts to hit the eject button to pursue non-corporate life goals. While I think this is a great story, I don't know if r/fatFIRE is the right place to share it. Since you're going back to work the grind again, I'll share some observations because I did something similar. Retiring Early. Gaining wealth for the purpose of excessive consumption. Taking the slow road, or the traditional road to retirement. r/financialindependence: This is a place for people who are or want to become Financially Independent (FI), which means not …We would like to show you a description here but the site won’t allow us.The answer to your question is a tax free transfer of wealth. Life insurance is not taxed and not included in the 11m cap. A large whole life policy, while having an expensive premium, could save your heirs in taxes. If they aren’t yet fatFIRE they are unlikely to have the level of wealth where this matters.I’ve been fatfired for the last 4 almost 5 years mostly doing angel work. Lately I’ve shifted my focus heavily into impact and charity. I’ve been looking at where I can spend my time and came across boardsi, my gut and light research tells me it’s a scam. But I wanted confirmation or advise on where I should look for non-profit or for ... Genuine question, why would people retire from S&P 500 tracking index/Etfs with a 4% swd which can only last them 30 years, when dividend etfs/index funds are less voloitile and provide stable income even during bear markets. My fatFIRE target is $5M, plus a fully paid off primary residence. I recently obtained the fully paid off primary residence and it feels great to never have to pay rent or a mortgage again. But even though I've been aggressively saving for retirement (over $200k yearly in contributions) it will be several more years before I manage to save up ...The answer to your question is a tax free transfer of wealth. Life insurance is not taxed and not included in the 11m cap. A large whole life policy, while having an expensive premium, could save your heirs in taxes. If they aren’t yet fatFIRE they are unlikely to have the level of wealth where this matters.Slightly better home, toys and vacations. Life changes at 100 mill +. productintech PM | $10m FatFIRE | $5m NW | mid 30s | Verified by Mods • 3 yr. ago. I suspect people at $100m say not much changes between $50m and $100m, the real big change is at $200m :) sincostanh • 3 yr. ago.We would like to show you a description here but the site won’t allow us.One woman may want to be able to retire early on $100,000 a year in New York City, while a couple in the rural Midwest is happy living on $40,000 a year. As such, their target FIRE numbers will be ... Edit 2023.10.02: Posted Version 4.3. Here is Better Mobile Version 4.2 or Older Version 4.2 Link. Please read the flow chart entirely before commenting since some Redditors have been commenting or PMing of missing items; sometimes it’s just buried deep.quixoticspaz1 • 3 mo. ago. There are two tiers of trust and estates attorneys: (1) boiler estate planning documents for around $5,000 - $10,000 or (2) hourly engagements with a bigger firm at $1,000 an hour. You won't get your questions answered in the way you want by a shop doing a $5,000 estate plan.Most people both here and r/fatfire seem to have settled on this being 1.5ishM-4M net worth and Fat being 5M+. Lifestyles/path to wealth stories seem to vary a bit with there being …FatFIRE Is Boring! - September 18, 2023; August 2023 FIRE Update - September ... I quit my job as a lead web dev'r recently. I'm still on retainer for a very ...What is Fat FIRE? Everything You Need To Know Five years ago, I didn't know what FIRE was. I mean, I knew what fire was — something to gather 'round to drink beers, tell stories, and burn marshmallows. But I was oblivious to the acronym that has since become life-changing: Financial Independence, Retire Early.Torontonian Proper here - 30 years old - 2.2m invested in market - run a business that earns 1m+ in income annually (not really sellable / service based business w/ shitty multiples). 1.5m condo with 1.1m on the mortgage. Very early days of the fat fire journey. I think I’m a HENRY based on this thread.The real estate will be several short term rental properties generating $280,000 per year in rental profits (7%) plus 3-4% in appreciation (this just offsets inflation and I don't count it as income). All together I'll have a pre-tax retirement income of $360,000 which is 6% of $6M. Additionally I'll have several luxury properties to enjoy free ...r/fatFIRE • 1 mo. ago by TopCrab129 Am i ready for Fat Fire Not sure if I belong in this community but am posting regardless, I'm 54M, physician.Feedback for high-end massage chairs. Curious if anybody here has gotten them and what your thoughts are. I'm looking at newest Human Touch model, 15-20% off for BF and considering taking the plunge. I remember testing them out 5-10 years ago when I wasn't realistically considering them and felt the technology just wasn't quite there.Sep 11, 2022 · The online forum subreddit r/fatFIRE is filled with people discussing investments, sharing tips, and telling stories of getting FatFIRED—the day when they retire in their 30s or 40s after having ... WrongWeekToQuit • 1 yr. ago. The rule of thumb is to have enough umbrella coverage to protect your net worth, but I will argue for a minimum of $4M-$5M, especially since the premium is cheap (for those on the path to fatFIRE). I rear-ended someone at low speed some years ago. Zero physical damage to either vehicle.We would like to show you a description here but the site won’t allow us.The fatFIRE Reddit. Retire with a fat stash with tips from the wealth and financial Independence retire early community. On Reddit. Established 2016. 303K Members.Also this is r/fatfire lol. Especially at this age, I'm looking at 50 years or more of drawing down, a lot can happen (including medical/long term care, potentially immigrating, etc). Costs also increase with children (childcare, school fees, Stuff), ageing parents/grandparents, etc. Basically yes I know that people live at every income level ...We are a dual physician couple living in a LCOL city. Combined as two specialist physicians we bill well over 7 figures. Over the last few years by restraining life style inflation we have been able to save up $4 million (mostly in ETFs). We save between 700 k - 1 million dollars per year, and can add that amount for each extra year we stay here. enough electric for two EV's (60A) (and possibly EV riding mower, tractor, UTV's, ATV's, mountain bikes) space for a lift (for work) and a lift for storage. partially two floors - space (where TBD) to be used for a r/simracing rig and a woodworking setup. full bathroom, no kitchen, but a refrigerator or two.. With FatFIRE, proponents maintain a more r/architecture Rules. 1. Don't ask for free or compensated labor. This is our 2022 budget based on my - hot off the press - actuals for 2021. We are 56m / 53f in an MCOL. For us, this is a < 1% WR. We're kind of fat NW but with a chubby/regular FIRE spend. This is our 3rd year being retired. The bottom line is we had income and expenses of around $90K. That's around 60th percentile. Yearly. My fatFIRE target is $5M, plus a fully paid off primary r We are a dual physician couple living in a LCOL city. Combined as two specialist physicians we bill well over 7 figures. Over the last few years by restraining life style inflation we have been able to save up $4 million (mostly in ETFs). We save between 700 k - 1 million dollars per year, and can add that amount for each extra year we stay here. FatFIRE. The goal of FatFIRE is to have enough money invest...

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