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Hii Fishes, I am java fullstack with 9 yoe, currently based out of thane Mumbai have offers from HERE Technologies mumbai goregaon , HSBC India India pune, Citi pune. All are giving almost same CTC with almost same role. Which organisation should i join . Also I have question if pune will suit me or not. Citi is having poor wlb as per Glassdoor and some linkdin feedback. How is hsbc bonus , job security, wlb. Thanks
138k as an ACD in San Francisco - too low?
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Coach
Yeah that's more the way I'm leaning now. I do still contribute a basic amount to retirement despite being at lean fire, but I have less guilt about spending. Tomorrow isn't promised and I'd like to enjoy today with the ones I love.
Mentor
Good for you!
If you had kept your spending at levels you were at you could retire several years earlier than 55 (which is still early, though relative late by FIRE standards)
It’s wonderful you enjoy your job.
Seems like you made the right decision to increase your spending.
Coach
Ill probably do the same thing as GT1 when I hit ~2.5m in my investment accounts. Probably 5 years away from that
I'll hit FI, but slow down on investing and hold off on RE until my accounts hit roughly 2x my yearly spend (~5m) so I can afford my desired retirement lifestyle.
Hoping to be in a position where I could change careers and coast until ~45yrs old when I'd fully retire.
33 yrs old
1.8m nw
1.4m in index funds
110k in yearly household spend
250k income
Thanks for sharing. It’s unfortunate that a lot of people in twenties won’t save enough regardless of what I tell them or show them
I like the concept and no longer need to contribute more to my savings but I can’t coastfire because I can’t find a chill coasting job that feels worth doing
KPMG I wouldn’t advise jumping to the full amount. But if you’ve been living off of 60k and plan to live off of $120k, there’s certainly nothing wrong with scaling back to spending the 120 and saving less if you’re already where you don’t need to be saving so much.
Mentor
I’ll probably take a step back from being a leader at some point… my goal is to eventually just manage my top households (maybe 25 or so - $150M-$200M in AUM)… still have a solid income, but work less, stop focusing on growing my book until I decide that I just don’t want to do it anymore…
Right now I’m in grow mode… constantly meeting new people and onboarding new clients… attending events and galas… on the board of my HOA, Country Club, a few philanthropies, Chambers of Commerce… it’s a lot…
Thanks for the clarification VP1! Why don’t they just buy index fund? Most fund managers don’t beat index fund anyways, what do they pay extra to get lower return? Or is it most trust / insurance ? Apologies for my ignorance in advance, genuenly curious
I’ve always been targeting CoastFIRE - I’d get too bored to not have any job at all, and my regular expenses are relatively low
I’m in CoastFIRE. When I was looking to exit from consulting I got a job offer that was a level down from where my peers were exiting, so less pay but it was fully remote and individual contributor role. I work wayyyyyy less at only a 20% pay cut. My logic was that my net worth is driven way more by the growth in stock portfolio so I was very happy to take the role
Subject Expert
I'm considering Coast FIRE but beach houses are so expensive.
Or does beach house = retirement? 🪹🥚
I only started considering CoastFI this year as I took a lot of mini vacations and was working very little…. And it felt really good. It felt good to have some small work, people need and appreciate me, it’s reliable income I don’t need to sell my stocks. Basically I found the 4 hour work werk and I’m not willing to give it up yet. I’m self employed and my hourly rate is $600. If I work 15 hours in a month then I’ve covered my expenses (after taxes). That’s basically 4 hours a week. If I give this up I’ll be unlikely to get it back so why not coast with it.
I finally hit $3M investment (mostly SP500) and paid off $2M home goals this year. I don’t feel CoastFIRE and not slowing down anytime soon. One thing for sure is that I don’t worry about money as much and most expenses are covered by our salaries so we don’t touch the investment. I think CoastFIRE is more of a mindset and a ticket allows us to sleep well at night. Thoughts?
Yes, financial freedom is liberating.