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FIRE Financial Independence Retire Early

Anyone feel an MBA could ever be worth it for someone pursuing FIRE? Feels like the easiest option to move into a developing country without needing a huge pay cut

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That’s up to you on what you want to accomplish in life. I had certain career aspirations that included being a lawyer and a consultant, which required multiple degrees. I am close to having my financial independence and plan to move to SE Asia soon. My degrees helped me to accelerate my financial goals to get me to this point.

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Nice this sounds like my ideal as well. I quit consulting so not going back there, but would dream of working a nicely paid gig somewhere like Jakarta or Bangkok if I can land it

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My perspective, yes. Pursued a PT MBA. Paid about $60k out of pocket. Recouped 2x that amount in 2 years after the MBA. Left job to be FIRE. Loved the experience of the MBA program.

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Thanks VP1. We were in a similar position where we could have been fatFIRE in about 4 more years. But after a lot of soul searching decided that 4 years spending significantly more time with my elementary school going kid was more important than doing the grind from Monday to Thursday, every week. We as a family made the decision that I would be the stay-at-home parent. Spouse still works so that takes care of all expenses, including reasonable indulgences such as vacations (not too often, not too expensive), dining out (2x a week, inexpensive), and the likes. We're not drawing down on the stash; still able to contribute small amount every month. I get to cook fresh, delicious meals. We're in what we call "coastFIRE" mode. I do part time teaching, on my terms and time. Probably 10% of what I made in consulting. As far as numbers, we have ~$1M in net worth. Before I left full time work, more than half of my paycheck was going towards padding our stash. After maxing out 401(k), IRA, was putting $6k in taxable brokerage & $5k in 529 account. Built up cash reserves of $30k. Paid down $30k towards mortgage principal in the last full year of work. That turned out to be a much longer response than I had in mind!

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