Are any SF bay area folks working towards FIRE? I want to, don't know how given the high cost of living in the bay area. Would appreciate if you could share what your FIRE number is and how you are...

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Lower your costs and increase your income, that’s all.

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I've got the same problem! Bay area prices are beyond reason. 3.5k a month for a 1b1b. What's up with that?
Step 1 for me was to convince my firm to let me live in another city and travel here for work. I've also been discussing this very openly with my wife - - that goes a long way to get buy in on avoiding lifestyle inflation together. I'm grateful that she is supporting me with this, else it would be a near impossible goal

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... working towards it/advice to make it work in a high cost of living area like the bay area

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Additional Posts in FIRE Financial Independence Retire Early

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Those in HCOL cities how do you make decisions on home Reno budgets? I know not aligned to fire, but we need more space and buying a house in our area is north of $1.3 M

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For those that work out of NYC, where are y’all buying investment properties. Do you still rent to live in NYC or do you live in your own property?

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Has anyone here committed to a partner who has significant debt? My partner of over a year has >$300K in debt from med school. She has since quit medicine, due to a toxic culture that sounds worse than biglaw. In the last year she started earning enough to refinance her loans into a 10-year horizon. I am fortunate to be debt free and am saving aggressively with the aim of making a down payment on a NYC apartment in the next 5 years. We would like to get married before owning property (cont)

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When contributing to a 401k is it best practice to essentially take the cost average approach and have your 401k contribution maxed at end of year vs front loading and essentially finish contributing within maybe the first four months? Has anyone ever entertained this or tried it out? Reason being the PE firm i work at- we are offered the opportunity to coinvest which is a huge sum of money.. would like to plan accordingly.

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Should I have multiple Roth IRAs? I have one Roth IRA that I rolled in my previous employers roth 401k and using it to do backdoor Roth IRA. Does it make a difference to have everything in account?

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I'm just here to brag. 28M will have kids in 1-2 years in HCOL so will just continue chugging. Also got v lucky (my cost basis on that crypto is like 15k). Feel free to hate I just have no one else to brag too. Trying to retire by 38 with 2.5m

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Do you always pay dividend tax when you file tax or earlier? What are some good mutual funds that have lower dividends hence reducing the taxes owed?

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Parents are poor/middle income with no assets, little retirement, and may be reliant on me in future. I’ve had 100k of their savings in my high yield savings account for the past few years which they gave me to save for them in the case they try to buy a house in the future. I’ve kept it in savings to keep it liquid but interest rates are terrible. Where would you keep this money or invest it for better returns but to keep it fairly liquid?

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