Did you know?

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 …A million is chump change, it’s the wanting people to know about the million that I find interesting. When it comes to innocent stuff that doesn’t hurt other people I try hard not to judge, but the few conversations I’ve ended up in with people who were overly interested in the status credit cards have given me the impression that me and that person wouldn’t …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.

The tax alpha is also reduced. If instead of 15/35% short/long capital gains tax rates are used and only a single rate is used, then tax alpha is (all other conditions as in the base conditions) reduces from 1.1% down to 0.31% for constant 20% rate, and 0.51% for constant 50% rate. This is particularly key for me personally, as my gains are ...Once you have enough, having more isn’t “more enough,” it is just an unhealthy relationship with money. A lot of people follow the path of accumulation as the end game, but that is probably due to money insecurity. The end game with FIRE is RE by definition. Edit: The other commenter made this point more succinctly.Yep agree on that, fair point. Glaciersrcool • 2 yr. ago. Or just have status for the free luggage. instantpig0101 • 2 yr. ago. Regarding last question - a long haul business class flight can be 5k to 12k, times two people can be up to $24k times 3 trips a year = $75k.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 …28F that needs to diversify. I am the owner of a small business that is doing fairly well - this year I'm looking at around 550k of profit and next year I hope to double it to around 1 million USD. I'm in a sector where I doubt I will ever get it to a point that I'll be able to sell the business for millions or the gravy train will run for decades.

5 Million * 4% is $200k per year in perpetuity money. 200k/year is solid, especially with the much lower taxes of investment income. 5 Million is a great goal, but I wouldn't consider it fully FATfire. You'd be making 200k a year based off the 4% rule. 200k per year is more than enough for most families. With FatFIRE, proponents maintain a more standard spending level. Your expected expenditure should be slightly above the national average. The figure will vary, but might start at about $80,000. Using $80,000 as an example, you should save about $2M to maintain a budget with a yearly withdrawal rate of 4%. To many, this is the ideal lifestyle.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. ….

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. R fatfire. Possible cause: Not clear r fatfire.