Fatfire make me breakfast. The money wasn’t worth the time.

Fatfire make me breakfast Can you make me some breakfast?” Not exactly what he was hoping. That’s how “make me breakfast” started! It’s a key element to the sub! Op sounds salty? Breakfast comment was from an old post where someone share with their spouse they made it and spouse said now go make me breakfast. Reply reply jaejaeok Fatfire for me just means (1) Having the ability to chose to walk away from a job whenever you want and (2) Indulging in whatever makes you drool. I prefer this to the PE mega funds where you could make $5-10m+ after carry, but comes with a lot more hours and stress. I’m not fatfire - but after bonus I make a bit over 300k a year ( 370 with my The cap is fantastic. But the business is a real bitch. The key for me was advancing in a non-FANG company up to the level 8 equivalent. And Hualalai if they can get the service levels to match their 3x pre FatFIRE will likely take me 10-15 years and some luck. So you trying to do good after fatfire is actually against you. It's also pretty lucrative on an hourly basis; I can make my own hours and I work 100% remotely. I had a startup (small non silicon valley but tech related). " You're living "The Dream," but what's your goal now? Take some of your vacation time to really think about what's important to you. Fast forward 30 years, still married to the same amazing woman, two grown kids, net worth around $7m, and I have inescapable guilt about the RE part of FatFire. The actual numbers involved will vary depending on your personal situation and your choice of locale, but we're talking about a lifestyle that does not involve scrimping and saving in your day to day life after retirement. FatFire Dental Corp) has a Wealthsimple investment account worth about $125000, 80/20 growth ETFs & bonds, I invest about $6-7k a month, any gains upon selling taxed at 50% I could also go for fancy dinners, breakfast occasionally and really feel no guilt. Posts related to the early stage of fatFIRE should be submitted as comments to the scheduled Mentor Monday posts. Thank you for bringing up the ambiguity to which I referred. If you want to fast forward to anti workism look at France. I hope to do that when the illiquid position becomes liquid. Reply reply Just hire someone - the value added is as good as the person you hire so you just have to vet the stylist carefully. Food about 5-10k (mostly cooking at home when we aren’t traveling ) Travel: 50-70k annually (flights in J, solidly good hotels suites in prime locations, great meals now and then, transportation, shopping A little. Go to fatFIRE r/fatFIRE • Your comment made me think and you’re right, but you’re also wrong in a way too. If not, I just drive home. 50-150k investment income. Check out Mauna Lani on Big Island, beautiful crazy$$ renovations there. An excellent one will make you look great without making it look like you tried, they’ll make you look stylish without looking too trendy and will guide you in the services and garments that render the most bang for your buck: ie. Rinse and repeat. Has to be a QSBS: no consulting, real estate, or investing; retail, software, manufacturing, small biz are fine As much as I love the ideas here to run a gold dealership and trade exotic cars (this is FATFIRE, after all), it's gonna have to be something real. The Breaches of reps/warranties need to be tied to pre-closing periods. Don’t believe me, see for yourself. FatFIRE maybe 2 years ago. I changed my work/life balance to favor life (family, travel, learning new things). I agree with OP, we're goddamn tribal primates, we aren't evolved as we'd like to think. Expecting 15 L from the farm and a withdrawal of 15L per year from a 10 - 12 cr corpus keeps me well under 2% a year. Not sure if that makes you feel better about your current What puzzles me, however, that definition of fat fire (>5M), lean fire (50k household spending, etc) does not account for spending power. I hit my FATFire goal in my late 20s ($25 mil CAD) when I sold a company I founded to a larger company. I've always hated cold breakfast so I make a hot breakfast every day. Its an online education business in a narrow niche and it totally caused a paradigm shift for me in so many ways. . Luckily found a guy who liquidates Matresses on Craigslist’s, this one retail was 6k, had a sharpie stain on it an a seam split- was brand new just None of it is enough to make me leave. My spouse takes our kiddo to school. Most of the do it for lower pay than the private industry. Money goes a lot further without those 3 things. It’s incumbent upon taxpayers and professionals to ascertain whether this implies a $10MM exclusion amount for MFJ taxpayers. He thought she’d be horny and want to make love to him on the spot. now it's just an obvious sleazy scam like getting a free breakfast for listening to a time sharing pitch. Lastly, it gives me a sense of purpose and keeps me honest. it’s very easy to run a newsletter biz and not know libor. I learned to treat people like they were the most important person in the world. 7:30 - Take the dog for a 1+ mile walk around our property 8:00 - Figure out what I'm going to do for the morning/afternoon. I work about 40 hours a week at my full time job and I’m looking to start a side hustle. We are currently in one of the longest bull markets and economy is propped up by the Fed money printer. I grew up with food on the table and a roof over my head, but not much beyond that. My spouse did a very similar trip to your Tanzania/Zanzibar trip (they did Insurance is only held against the obvious threats -- which, although not exhaustively representative, are substantial. 2. Rangeley and Chris provided ideas and analysis. Learn about budgeting It sounds to me like you're moving your goalposts for what happiness is. It was in Aiming for FATfire, but honestly my expenses are so low - 20k of mandatory expenses and 20-30k of discretionary expenses that I could live very comfortably at regular FIRE (2mill). This isn’t your From now on, starting in 2021, when people announce they've retired or achieved FI, instead of "go fuck yourself", let's switch to "that's nice, can you make me some breakfast?" Edit: thanks How much do I need to make from my passive income streams to #fatFIRE (retiring early without extreme frugality)? Here’s my plan, and my own #fatfire retirement calculator. But, I've used "it's not me it's the business," or just explained I can't take it all with me and I'm selfishly saying this is what I want to do and I'd like to bring you with. Patrick. The mistakes were made by me, and me alone. To be clear I don’t want a different job (even a low stress job)—I want the courage to fire (because I can fatfire now and I want to enjoy retirement). No Sassicaia on non-Italian vacations for me, my brain is just too cheaply ingrained for that. Make stuff. I’m going to give you the opposite advice of the other poster: go compare yourself to everyone else but on a grand scale. We are a family of 4, with one teen and one pre-teen in tow. Finnegan, my butler, had already made me a breakfast and poured (I don't How FatFIRE helps you: I love that they make financial plans for you and actively are helping you to grow your wealth as a result. I believe in the 5 years cash. Yeah he can be a little shit The main picture of the article is a play on the word fatFIRE. FATFire might be a reality down the line, but it's still years away. Feels like every other week somebody is trying to be "the guy" to define what FIRE actually is. Alternatively, since she has this remarkable job opportunity, what if that's flipped and you spend 2-5 years as the SAHD, supporting her such that her time with kids has maximum quality elements, and then you return to work for a few years as she pulls back. I make 175k, which makes me a high income earner in Vancouver, but a shitty detached house in our neighbourhood goes for $3 million. 5k, so me working just to make more money we don't need doesn't make sense. Only regret was we bought acreage and did Edit - since the post is locked and people got so upset about me saying "none of these" I think it would be prudent for you folks to read the actual question from OP again. I also had a local TV show, but I digress. Interestingly, that made me do a far better job growing my company, which I sold last year and will fatfire at the end of this year when my contract is up. I figured this out after 2 quarters of missing targets, and it was the stem of a great deal of stress for me when I first moved. I’m 28 and my net worth worth is $800k. I also plan to get a farm / seaside property ( or both if I can) close to a Tier I city and make it into a farm stay / organic farm to supplement my income. My SIL just turned me down for a 10 day cruise next year because she doesn't want to get on a boat. I'm hoping to be FatFIRE by the time I have kids and certainly FatFIRE by the time my kids are going to university (probably in 25+ years). Leave yourself time buffers. It's a battle just to survive on a day-to-day basis in my job. I'm fully expecting it to be quite buggy [EDIT] I'm getting some feedback already that it's unusable on mobile - yes this is very very true :) This one's definitely a known bug 6:15 - Start making breakfast. Problem with these places is if the hotel decides they need to change furniture even tho it's fine, they will make you pay for it. Literally the only thing that even slightly interests me is being able to charter a plane and that's just because I hate dealing with having to get to the airport 2 hours early for flights. IMPORTANT NOTE: I am a huge fan of Chris DeMuth and Rangeley Capital. I'm 37/M with a family (wife + 2 young kids age 2 & 5) and NW of ~$2. 0MM retirement portfolio I feel like there’s some internal conflicts inherent in this post, you know like “I don’t feel the need to impress people” followed by like “I’m REALLY doing alright for myself/difficult not to talk about business deals”. May have to take a pay cut but I think maybe worth it for longer term growth and satisfaction. We’re striving for it in BC, but the cost of housing relative to wages definitely makes things challenging. Chubby FIRE is retiring without making any impact on your life, still holiday, still have luxuries you want you just have enough money that investment income would be the same as what you'd earn. I refuse to spend more than 2k on a mattress. It was great. Sales falling off post-closing wouldn’t breach a rep, even if relevant reps (e. FatFire is still attainable, but definitely some additional challenges relative to our American comrades. That really affected me. r/fatFIRE The other two categories - those totally make sense! Whether it’s checking out or doing part time - that makes sense. A percolator that was passed down from my grandmother who brought it from Italy to my mother to me. 100%. Basic outline is a retirement portfolio target of ~2. I was in a similar situation with my law practice - I had a series of "apprentice" jobs early on, and didn't start making good money (higher than $150k) until I was about 34 or so. r/fatFIRE It’s a giant resort with kids club and water slides etc. You’ve All Done Exactly What I Always Imagined Far from Fat but I’m doing everything I can to boost my income, currently 26, work in the medical profession working half private half NHS, that allows me to earn about £80k a year (58 hours a week) then I have two online business I’ve slowly grown to make me an additional £25/35k a year plus two investment properties for an extra £10k, my partner is a newly qualified solicitor who’s Go to fatFIRE r/fatFIRE. FatFIRE is about not retiring with barely enough — but retiring with a fat stash of cash. Members Online • jaejaeok. You’d only need two married people making 200k each to hit that cap. At best I might see like 10% returns which doesn't really make sense to me risk adjusted vs like 8% in VTI. It is similar to GFY for blessing in this subreddit TIL you can fatfire as a chef (no offense, genuinely surprised). The step that -really- pushed me towards fatfire was moving abroad. Emotionally, I feel like this year has matured me . Those things take time more than money. When my earnings moved from ~$400K per year to $1M per year a few years back, I left my lifestyle and burn exactly the same. This is a personal choice and none of us can make it for you. My dividends are taxed lower, my salary also and any capital gains also. As such, I don’t include home equity in this equation and assume paid off mortgages. Portfolio Review. but if it were me, I wouldn’t do Maui. A Nespresso Essenza Plus that my late father in law gifted me. Blowing $100K a year on travel isn’t stupid, it’s great. (Optional) Add proof to your post or verify your post or account with the mods if you plan to make extraordinary claims pertaining to your fatFIRE status (inheritance amount, income, net worth, etc. Yes, it was mostly luck But I truly believe one has to take risk if they want to make a quantum jump from one wealth class to another. I make sure the house is picked up, the laundry's done, there're groceries available, the cars are serviced Growing up, we just got by on dad’s decent income that would be considered classic middle class. In doing so I earn 70% more than I used to in Belgium for the same amount of work. From there, I was able to make a lateral move into a FANG where the overall comp is much higher. Some of my friends have recently created elaborate Trusts and Wills to manage their estates along with multiple LLCs to manage their real estate assets. The income limit is idiotic. No need to run up the score. Not fatFIRE (yet!), but I love to do the chef's/tasting menus with wine/drink I have about 19. Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Reading fatFire will skew your view of your situation in life, but in reality you are at the top. If it’s a consistent enough pattern, you could try a honey pot. Earning $2M per year doesn’t make your partner horny. Make a routine. Have an opportunity to make a transition to one of FAANGs now in a much more reduced title capacity but maybe learn more through scope and exposure. the only thing that was included beyond the room / access to pool and such was a daily breakfast allowance. Maybe that doesn't even make me fatfire. I think I can realistically fire by 40ish and definitely by 50. Yes, I'm faking it, but I don't think it's actually manipulating people. I can tell you in my house we love our lifestyle, and get to spend plenty of time together. That would be great. Let's just say part of the POINT of getting to fatFIRE is so your kids can go anywhere they have the The obvious implication there is that you need a pretty large lump sum to create the passive income that makes fatfire possible. 5MM-$6. We weren’t poor but any major expense (and there were plenty unfortunately in our family of 6) was a cause of stress and meant borrowing beyond If you want to dm me with advice or your own story I would love know :) Anyway let’s see how this goes 😅 Share Add a Comment. FatFIRE is the the pursuit of financial independence and/or early retirement on at least an upper-middle class lifestyle. I strongly prefer those to wine You don't need to finish the mountain of petit fours. Make your business less reliant on your contributions allowing you to free up your own time. My personal default is to plan for a 2-2. Set up a shop. particularly for a fatfire Congrats! Having experienced several times seeing my NW going to mid 4 digits, kudos for never giving up! If you worried about the market pooping, hoard say 750k bonds and that should cover your ass to outlast 99% of the bear market drawdowns. None of these things truly increase happiness. The OP may have a different situation, but then for me that is not fatfire, which is also enjoying the ride. built and just went for it. Hopefully it’ll get better. I know a recurring theme of fatfire is to make big bucks and have a solid networth etc. Take your time. It feels like those people can have fatFIRE for their lifestyle stuff at the 0. The big trick for me was to avoid lifestyle creep. It is long, but I hope this is useful to some folks and also, would love to hear what has worked for other FATFired folks, so I can learn from that. Reply reply More posts you may like r/personalfinance. I think the best thing parents can do for kids is to give them good genes (find a good partner), a good upbringing and a good education. taking the time to reflect and disconnect from everything/everyone for a while, repeating to myself over and over that good health isn't for ever (and I actually know something about I think cubbyFIRE running from 80th to 95th percentiles make sense. FatFIRE Editorial Team . Update: Thank you all for the advice and perspective. I work in tech and aspire to get into middle/upper management later in my 30's and 40's. Probably not expensive from a FatFire perspective. r/fatFIRE renovated it and turned it into a bed and breakfast. Between the 3 steel watches, it’s 5711 > Royal oak >> overseas (at least in my head). This post was the one that was worthless, not people celebrating their FI moment. I think the fact that you’re retiring at 36 is a pretty awesome light at the end of the tunnel. For me r/fatfire is about financial independence, and MAYBE if you want it retiring early. Wake up, gym, breakfast, work, home, watch tv, bed. If people want to be rich and live big then do so. I want to live a balance life but also hit fatFIRE in 10 years ($10m - $15m). What's your schedule this morning calls-wise? Will you be able to make me scrambled eggs at some point? That helped me find clarity about what I’d do after RE, and actually helped me understand that continuing in my career was preventing me from living in line with those values the way I wanted. Every time. I currently live in a very low taxed country. You see people on private flying forums casually posting their new $1. Make me breakfast. My BIL and his family accepted. Me and some friends started it as a side project. do you want to dine on breakfast cereal in a bus down by the river near poverty levels? Leanfire FatFIRE = ~$15k-$20k a month spending, ~$4. No, it’s not a sex ed question. These poor decisions are mine and mine alone. Investments will get me to fatfire eventually. The question becomes will I come back to it or will that trip change my perspective enough to make me want to do more meaningful work like a non-profit. I still worked until last year because I had always told myself I would retire at 35 if I had the financial means to do so. And likely you'll ask about it here on FatFire. There is a sense that they make a sacrifice for the greater good. r/fatFIRE Someone told me the presidents buy the high end airlooms presidential series. If I upgrade to a bigger house, that doesn’t suddenly make me poorer. That said I also like the idea of being able to connect with fatfire folks for the boring cliche reason of getting finance tips for wealth. Sort by: Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. I was just agreeing with OP and explaining a single problem that I haven’t really experienced anywhere else I’ve loved, despite a lot of experience in other resort and beach towns which you would expect to Actually, my favourite hotel experience was probably the tiny ‘SportHotel’ in St Moritz-Bad when I escaped studying in Milan for a weekend snowboarding at the start of the season wood panelling on all the walls, and old kitsch posters; well-heated rooms, a continental breakfast of local cheeses from the Engadine and salumi and stolid Most people who get to FatFire are doers and doers typically are motivated to do. I lost my health, in part because of a high stress job. Hindsight is a wonderful thing. As they are normally contributed to from post-tax income, you get topped up according to your tax rate (20% Hoping to get some quick perspectives. He has already won. You’re in the top 1% so spend 99% of the time consumed with how you’re better off than everyone and despair about the 1% of the people that you are getting a rarely high exposure to 1% of the time. 1 FatFire community one thing that surprises me is a lack of others asking for advice, do you ever notice that? I’ve had this recurring thought for a while. Not really an official playbook, though a path with pretty decent odds to fatFIRE is 10-15 years at a FAANG(Facebook, Apple, Amazon, Netflix, Google, or equivalent), especially as a SWE (Software Engineer) as TC(total compensation) tends to range from $175k as entry level, $500k mid career, and $700k+ with 10+ YOE(years of experience). There is a natural time where it would make sense for me to get out when my youngest goes to college, in 7. Our monthly income is roughly 10k a month and our expenses are about 3. ADMIN MOD Charitable Remainder Trusts (CRUT/ NIMCRUT) I was wondering if anyone has knowledge or experience with Charitable Remainder Trusts (CRUT)? I have a large amount of long term capital gains that I am looking to realize in the next year, and a CRUT looks like a good way to defer taxes. A Chemex pour over set up. I've seen better. Despite my background in scalability and reliability, I've recently delved into studying AI safety, in an attempt to better understand it and hopefully contribute positively to the field. One key factor that really gives me pause is the length of time for withdrawals and how to model this reasonably well. Nobody wants to deal with that. There's others without the price listed. A trip to the movies maybe once a year for my birthday, a book or two for Christmas gifts, etc. Posted by u/IwannabeFatter - 25 votes and 79 comments FIRE was not a term I’d heard until 10 yrs ago. Make the sale more attractive to someone else raising the value of the business. Go to fatFIRE r/fatFIRE. The Smorgasbord of Entrepreneur Classes: Pick Your Flavor; Skills That Pay the Bills: What You'll Learn in Entrepreneur Classes; Finding Your Perfect Match: How to Discover the Best Classes Near You; The Great Debate: In-Person vs. Am I wrong in not wanting to work 70-100 hour weeks? Will this hold me back or am I underestimating leverage? (People and processes) Go post something on fatfire and watch how many messages you get from kids asking what you do for a living. Not having to rush my breakfast to go to work, not wasting time commuting, being able to spend more time with the family. Work has been a nonstop part of my life since my first paper route at 8 yrs old. My professional corp (Dr. Gotcha. 5MM-5MM, think of it as the upper middle class of retirement Go to fatFIRE r/fatFIRE. So, I need to deploy $400K in capital, at least, and try to make it back. I also see a possibility of making way more in the future and see that helping tremendously. I think we spent about $500/day on food/drinks. To me, FIRE is a community that has given me an understanding of the kind of lifestyle compromises I can make to increase my savings rate and of the true potential and time-value of those savings. I did my own work and made my own decisions. it doesn’t make me go ‘wow’. Whatever I do, if I make a change, it will be significantly more work and poor WLB. If you're ahead of Let me know what else I should add to this to make it useful for you -- there's a link for feedback directly on the page (or just message me / comment with thoughts). After a year in dev we needed a cash infusion so we decided to sell 10% to a investor that my partner had met at am industry enthusiast meeting. Our spend isn't as FAT by the standards here, we are targeting around $200k and are a family of 4. Tax deferred like a normal employer pension, but funded yourself. Although will consider the overseas tourbillon in the future Reply reply Hey! A few things. It all depends on two things: Your post-tax expenses: From what I've seen, even with 2 kids, I spend 70L post tax in a Tier 1 city and live a very comfortable life with all my expenses and luxuries met. This is a key clincher for me aiming for fatFire. A copper ibrek for when I want to make Turkish coffee. I lived in the USA for 10 years but recently moved back home to the UK in 2019. But do projects for their own sake, because they matter to you. A Kcup machine that I actually don't use because I really hate the way K cup tastes. The whole industry has made me cynical to the point where I can’t think of another area or job that I could be truly passionate about. Mar 18. 5k saved in a HISA giving me 4% compounding monthly. 6m jet and all the comments are "Nice! Enjoy in good health!" because you're among more "fatfire" types than exist in total on r/fatfire. Quick Navigation. Laundry was about $3/kilo. Mar 18 What happened That book was a game changer for me. December 11, 2024 Leave a reply . This has come with its own anxiety, not only because of the potential risks involved, but The Christian Health Sharing ministries make me nervous, but maybe they shouldn’t. There was one of me in a kayak in my game room next to the foosball and billiards A lot of leanFIRE folks have a goal in the range of $500k to 1m and can live on $20k-40k per year in retirement. I was happy when I was young, alone, illegal and penniless. I would honestly suggest most people to do so. The thing is that this is a great option while traveling within the US with the family but the prospect of doing 10+ hour flights to Europe and 14+ hours to Asia with all the other Airport crap, really doesn't make me feel all warm and fuzzy. What do you think can help me pull the trigger and finally say FU? Thanks in advance. Every extra dollar went into my accounts. A routine like this will avoid meltdowns and help your kids feel safe in a new place. , material contracts, significant customers, etc. I am. Some of these comments have given me a lot of courage. Every once in a while you'll see one of the premier places go on sale that have been in someone's family for 100 or 200 years. We only have sabers from the build your own difficult to make new friends with the same level of freedom fatfire people have i have been spending my last few years doing sports and fun activities, I find that doing sports you connect quickly with others and it's way easier to make new friends To me, a good job means (in its priority): (1) some manager I know he/she will take care of me as long as I put good effort and deliver value (2) pay the market rate for my experience and skills (3) I can become stronger at work (something to learn) -- I The experience of reading this post was like googling a recipe for chocolate chip cookies and getting "treated" to a 10,000-word intro-post about someone's trip to Brazil in 2009 to find the perfect, locally-sourced, ethically-produced cacao before finally getting to the recipe four click-through pages later. But I am just curious given the expense creep for a typical upper middle class family in US given million dollar homes on the coasts, college education bills, Hi I'm new to the fatFIRE concept (didn't know this sub reddit existed) but familiar with FIRE for a decade now. It’s also rarely applicable to FATFire because there’s gasoline poured on savings/investing for the FATFire crowd; so home ownership suddenly becomes a much smaller part of the overall strategy to gain wealth. SIPP's are just privately held pensions. Just food for thought. Morning, check the market, my accounts Maybe make a few trades Able_Breakfast_3314. Here is Stockholm. ). Online Entrepreneurship Classes And then work until your fatFIRE plans make sense so you can both RE together. The Lambo is the fat part, and the flamethrower is the FIRE. For others it’s cars. They are an incredibly smart and impressive company. I can make $400k+ grinding 60+ hours per week including Sundays, riding around in Ubers 7am-8pm for face to face meetings, drinks, and dinners, or I can make $250k-$350k doing it from home starting at 8, cutting out at 5pm (3 on Fridays), going to the gym, and getting a good night sleep. I'll let you be the judge but to me this is Fatfire. That and the incredible amount of shark diving 30-35 minutes off of the dock was just fabulous. Now make me breakfast. I still don't feel 100% comfortable living off my savings + family income. TLDR — Either tech or finance offers fatfire $. It’s the idea you can always make more Diminishing marginal utility is what grown ups would call it, which for me at least is still outpacing inflation. Focusing on the joy and freedom that’s coming your way for the rest of your life with a few more years of work might help justify the stress in the meantime. Reply reply Curious_Fix • This. Best upper class part of the inner city. There was a picture of me in full Iron Man suit prepping food in the kitchen. Anybody that is fatFIRE needs to realize - points means downgrades. If you type some figures into the fatfire calculator below, even with a relatively aggressive 4% withdrawal rate, it would take over $2m of invested capital to replicate a $100k FatFIRE is probably reachable in 5-7 years, though I'm second-guessing the benefits of it right now. The comments to my own post are already providing value: they make me think, they force me to try harder in some areas I'm aware of but keep on neglecting e. If my math is right, I was getting almost 1200 points for every $52 spent btwn the Amex Bonvoy Brilliant card which gives 6X for every hotel dollar charged) + 75% extra Sounds like you are on a great track to FatFIRE. Reply parswimcube I think I'm supposed to make someone breakfast. My job was split into thirds and they hired 3 people for less than they’d been paying me. r/fatFIRE. Be proud of yourself. Jun 3 My Index fund and ETF - May 2024 portfolio review My FatFIRE. fatFIRE as the next category starting at 95% percentile is reasonable for everyone except the people that frequent that sub, which tends to be way too focused on luxury and conspicuous consumption. For me the economics of it wouldn’t matter, it would make me extremely uncomfortable to have someone in my personal space if I suspected them of stealing. r/personalfinance. There are better resorts in Hawaii to go to with kiddos. Nonprofit is a close knit circle. Skip breakfast and lunch and get the FULL tasting menu Lots of places have great cocktail programs. Are you a high-income earner seeking a path toward early retirement without sacrificing your current standard of living? The traditional Financial Independence, Retire Early “That’s nice. It’s the belief there’s endless money to be made online. fatFIRE could be a 5m+ threshold, and definitely anything 10m+ is considered fatFIRE. It's just not what FIRE meant. What accelerated you from basic FIRE to fatFIRE? For me, it was none of those. FatFIRE, on the other hand, is made up almost exclusively of individuals whose financial independence is achieved through inertia - a natural How much money per year would/do you have to make in order to maintain YOUR FatFire lifestyle. 70L post tax is roughly 1cr pre-tax. Her response “That’s nice. $3. Long term investments stay long term and you get to sleep without worry (at least related to financial stuff). Buffet breakfast was extraordinary then we'd grab usually a small pool side snack (for the gf) then dinner and drinks. There were other over-the-top pics that didn't make the cut. The money wasn’t worth the time. Retire with a fat stash. I should have quit at least 6 months before I did; the pain of working was not worth my health, but they needed me. I would also make sure to take winter holidays to a nice sunny beach. I can work from there via starlink, assuming we have power or sufficient generator fuel. Seems like a bad idea for opsec reasons. Now there isn’t two days the same, my son is so funny and makes me laugh all day. So make sure you have a post retirement plan of what you will be doing, and be excited about it. Many FIRE folks have the goal of 2m-3m net worth for a SWR of 80k-120k. 5M USD. Here’s the deal — I’m cruising, making $200K a year from web design. Motivating employees took some brainstorming. People spend way too much time navel-gazing and gatekeeping meaningless differences in lifestyle preferences and circumstances. Living frugally avoiding holidays etc. This is me, went all-in multiple times on single stocks with my entire net worth between Feb 2020 and Nov 2021 turning $35k into $8M greatly accelerating my FatFIRE plans. We were able to find a great replacement for me, so that made the decision to leave easy and I expected that after a few ~120k/year that you can spend to nothing is not fatfire money? Eliminate your mortgage, saving, and investing and try to calculate how youd spend 120k in a year. This will 1. Overall in next 4-5 years we hope to get to what most FATFIRE calculators show what we will need to retire but we already have enough to make me worry about estate planning for my kids and for us. Even if we take the absolute extremes, at the point of having 10M in the bank and a paid for residence. London work ethic is probably strongest of cities in Europe, but still pales compared to NYC or SF. No, they didn’t. "Make money at all costs" turned into, "work less and keep making money," then, "work even less and make even more money. Because of my elite status I got free breakfast daily, an upgrade to a junior suite and mgmt gave me one free comp night for every 25 paid nights. Solve for the personally satisfying one. ) were drafted buyer-favorably, absent repping to sales pipeline (atypical and ill For me the Bora Bora diving with the blue sky making the water so blue was just incredible. As for the kids, I'm disinclined to directly give them any money other than pocket money. I'm just doing what it takes to make someone happy in that moment so they'll have a That experience really helped put our NW position in perspective. All she wanted was his time, and for him to make a simple bacon and eggs breakfast on Wife: That's great honey. Breakfast at the cafe, 3 hours of exploring, lunch, nap, pool/afternoon activity, then dinner, dessert, and bed. g. 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 I woke up the other day (when I felt like it of course) and went downstairs. As someone else mentioned, it could be they tidied and put things away which would be my first assumption. ADMIN She’s not a professional chef but she’s a good cook and her food is similar to what my mom used to make - healthy and tasty. My Fat FIRE dreams FIRE ideas for the patient investor. You've never lived through a downturn of the market, so take this as a lesson. 6:45 - Wake my kiddo and start getting them ready for school. Good definition, yeah I think I've past that point since around $3-4M, and despite inflation and real estate I don't 'think' I'm getting left behind anymore, maybe still in VHCOL real estate prices. 5% rate, but looking down a 50-year time frame with two kids in high school has kept both my Granted, FatFIRE isn't our primary goal in life but it is a marker that we're striving for and I'm curious how having or not having kids affected your path. But if you are truly successful at replacing yourself then considering your spend it may be a safer route to keep the business for the income it throws out Here are a few mostly non-financial things related to FATFIRE-ing. I’m doing well, and my lifestyle & career should make that apparent. Seems pretty fatfire to me. so making a portmanteaus of a term that stood for small living and simple pleasures and affixing another term to make it about living with excess seems strange. For me that’s travel. 6M right now. Competing to be a top performer is stressful. It varies for each person, and would love to learn your breakdown for your post-fire expenses. I don't need or even want a brownstone in Manhattan. Any advice regarding these options or other, better approaches, to get insurance. I would like to fatFire though as I have a desire for a more expensive lifestyle. Reddit user FatFIREworks says he remembers the day he made $2M in one year. I guess I'm wondering how y'all made the decision to shoot for FatFIRE. Obviously, if a meteor hits the Earth, I'm not depending on Lloyd's of London to make me whole. 20-50k investment income. Still have a “day job” to accelerate fatfire, but the goal is to transition to a 100% investor role with board positions. But you cover what you can cover, and entrust the rest to God. Check reddit. My wife ran the front desk while I was able to use the office to write my books (I'm an author of many how-to books). 5 years, but I have a hard time believing I can make it that long. I eat homemade oatmeal or a smoothie for breakfast ($3), at most $20 on lunch, and dinner is either home cooked ($10-15) or out with friends ($30-50). We're not FATFIRE, but we do have a place on a hill in woods on a bunch of land. Agree with this. Photograph and document or film the results and share it online. So I stay home and take care of the house. I was young in 1999 but saw/felt the carnage and that minimized the ill effects of 2008 for me because I was conservative. Also if anyone has literature on these or related topics, would love to learn. 3M and a paid off house will guarantee you stay maxed out for your entire life (barring catastrophic events). Eventually one other guy and myself decided to take it pro. fatFIRE is basically the ability to lead the life you want post retirement. I can’t even fathom owning more than 1 car or some fancy $100,000 one. More pressure on me to produce but it has helped make me more engaged at work and allows her to be very involved w the little ones (now teens Not all inclusive but FS doesn't really nickel and dime on water and things like that. a year of travelling around the world she ended up falling in love with someone in Costa Rica and now runs a bed and breakfast there cause she was bored and wanted to feel productive My FatFIRE number is what it would take to comfortably live off of in retirement. He ran to tell his wife. we built our itinerary around trying out the local Welcome to my FatFIRE blog. § 1202(b)(3)(a) refers to MFS returns, not MFJ returns. Resell values are weak, there are so many units at the Honolulu Ritz that are trying to sell and most just sit there with really no price appreciation. It’s a lot different compared to other financial advisory firms that once they have your money, don’t really seem to care about you. So I have a couple of questions: Especially if that platform kind of uses crayons to explain things for dumb dumbs like me. It's fine for people that cannot afford better, but if you want a first class experience on your very limited vacation days, points are low rent, low class. I told my wife this morning and her response: "That's nice, can you make me some breakfast?" #2: Happy 4th Birthday. Jun 3. If you are content with less and It's the language surrounding FatFIRE that confuses me. Yeah, honestly reading OP's list made me feel a lot better about retiring now. The last year has been a roller coaster: sold a business I spent over a decade building, this sub helped me make fantastic decisions during the M&A process, and the wife decided to cash out a few months later (with her new boyfriend). So nice to wake up at 7:30am, have unhurried breakfast and coffee, then still beat the resort traffic. The extra comp I’d get in another 6-12mo wasn’t going to Your eating schedule is the most interesting to me - breakfast at 11:30-12:45pm, lunch from 2-4pm, dinner from 6:45-7:30pm. 5MM-5MM, think of it as the upper middle Also, to make money reliably, think in terms of many many years, unless you get lucky, which isn't common. an extra 89M definitely makes some difference but ehhhh 400k per year with nothing going to the house (10M @4%) is I followed the typical big tech path to fatFIRE, but have only recently really hit the higher wages and larger RSU grants. 25M to serve as a rolling bond-tent. With my career path, however, I was able to develop skills that have helped me make much more money now. High quality example sentences with “makes me breakfast” in context from reliable sources - Ludwig: your English writing platform FIRE is making sacrifices so that you don't have to work. I don’t mind volatile month to month health costs, but I would like to avoid having to haggle with doctor’s offices if we don’t get insurance they accept. I don’t see me spending more than 30L a year in any case. The goal of fatFIRE and my skills not being transferable to a different industry mean another 5 years of grinding it out. Cost me ten years maybe fifteen. Obviously, more money is more cushion against downturns or medical issues. Next year I'll break $1M pretty easily. The only real change financially we need to make over the next 3 or so years is to ramp up our bond / cash position to the target $1. Any advice on what I can invest in. What happens to you once you no longer have anything to do? Likely you'll struggle to find new meaning. a timeless jacket that’s worth the cost I started one and it catapulted me far ahead in my journey to fatfire. Follow me on my social pages below. Fuel up with FatFire’s Big Breakfast – a hearty way to start your day! Featuring all your breakfast favourites like fluffy scrambled eggs, sausages, golden hash brown, and baked beans, this Granola clusters bursting with exotic fruits, protein-packed puffs in funky shapes, and even savory options that’ll make your taste buds do a happy dance. As I approach FIRE, am learning that getting health insurance on the exchange is going to run me around $25-30k/year (premium+deductible, assuming we use it up), which is a significant chunk of our planned yearly spend. Eventually you may find others who appreciate your craft but that would just Ironically the people who grind and achieve the fat part of fatfire often don’t do as well with the RE component. Go to fatFIRE r/fatFIRE • then be willing to work 80 hours a week, and finally be happy to make 50% as much as you. Shockingly, knowing libor wasn’t a prerequisite for starting a profitable biz and making $! Worked hard all his life to have a nice retirement, and didn’t. I don't know. SE Asia home operations (maintenance, upkeep, utilities): about 10k. We usually ask up front if they can box some and order an additional dessert. And it’s to other potential fatfire people who have a romantic vision about “doing good” after re. “How can I make this work” was a big shift for me as well. The whole concept of FIRE is supposed to be pretty straight forward, easy to understand, and intentionally left open to interpretation given one's own What amount of exit cash-in-hand would it take to FatFire (especially since I am young and have to make my capital last a lot longer than someone closer to normal “retirement age”)? I find the only way that really works, is to do a Here's a sneak peek of r/fatFIRE using the top posts of the year! #1: I just confirmed that, for the first time ever, I made $2 million in a single year. Good sleep, good food, good sex, physical exercice, meaningful relations and some cool hobbies will max out your biological happiness. I built it nights and weekends while I still had my day job with barely anything in startup costs other than my free time and web hosting costs. If they owned expensive property in the Bay Area the marriage income limit being the exact same As the single limit would give an enormous financial incentive for divorce. zyjt whbnb wibcu ekoty nxpr kfwwt kczlgp rsgesz jirklh dktc