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if my investments generates 3x my annual expenses
A1 - I agree with what I think you’re pointing out. No idea what anyone is talking about defining FatFIRE as being about multiples of expenses (which continue to grow net worth). Bizarre way to think about the definition of FatFIRE.
>$5M excluding house equity
Community Builder
File for return oh Home equity and get 10% of its worth in cash …. Tips not everyone get to know
True fat fire, I would say NW of $15M - in HCOL.
And how much things will cost in the future too.
The less you need, the richer you feel :)
Obviously, but I was just curious about an actual number and thought it was an interesting question.
$10M with the exception of a few VHCOL cities
When your assets generate more income than your working income
Hot damn, I’m quitting tomorrow then! Didn’t realize the only thing keeping me from fat fire was my current income from working!
I believe FIRE is a number — roughly 25x your annual expenses — while FatFIRE is more of a mindset.
For conservative individuals, that number tends to be much higher; for risk-takers, it’s often closer to the standard FIRE number.
2.4mil USD
If you have 10 million NW and not a super extravagant lifestyle and live in a MCOL city, is it safe to say you can fly first class for the rest of your life?
Subject Expert
I would feel very "fat" if I doubled my current spending. I would have to think long and hard about what to do with all that extra money each year. If I had double my current FIRE portfolio target I would consider that "FatFIRE."