Have any of you considered FIRE? I'm sure some of the partners are young and rich enough to retire. So why not say screw working until 60 and to hell with the pension? Travel the world and live life while I can?

like
Posting as :
works at
You are currently posting as works at

Looked into it, no thanks. I traveled and lived abroad in late 20s and early 30s. Make good money and have invested well—also don’t hate the work as it’s stimulating and enjoy meeting people.
Will I work until 65, probably not as I’m under 40. There is definitely more to life than work, but sitting on a beach everyday being lazy is just as unappealing for me. So early retirement isn’t the goal, guess it’s probably more of doing what I want on my terms (family, travel, work, hobbies).

like

I’m definitely in the (fat)FIRE camp!

Currently targeting to hit my FIRE number by 40 and then see if I want to retire from consulting and pivot to something else (not necessarily revenue generating) that I find more meaningful.

like

There is a third scenario: lean FIRE (as in keep a simple lifestyle - it's amazing how much less one needs with age), work for a nonprofit, travel a lot. Doing it now and loving it.

like

Studies have shown that most people continue to work while their annual TC is >10% of their NW (more or less)

like

Also it's quite difficult to beat - isn't it? The longer you work - the better your pay gets! Your NW isn't increasing at the same pace!

What is FIRE?

Lean FIRE is actually retiring on the minimum needed (likely living in this studio in your scenario) and fat Fire is your cushy retirement number that allows you to live in luxury. It’s a reference to the total retirement savings and the lifestyle you’ll be living in retirement rather than the path you’re taking to get there.

like

Wow. When did you make Partner?

It’s not uncommon in my firm (not MBB), as we don’t require MBAs and I joined straight out of university - so made it after 10 years in consulting (which is actually pretty standard for my firm, maybe even on the slightly longer end). Happy to share more details separately if you have further questions.

Related Posts

Need to recommend a hotel to my family who's visiting from the USA in a couple of weeks. They like to stay in local boutique type places and BnBs, not chains. Any suggestions?

like

Talk me out of (or into!) buying a 2000 M Roadster. $14.5k, 111k miles. Mechanically sound with records, cosmetically nothing I can’t repair/replace.

like

My husband and I are just starting our TTC journey starting with Letrozole and timed intercourse. I’m planning my 30th birthday trip to Italy in June. Is it too risky to travel if pregnant during the first trimester (in case I do end up pregnant before June)?

Hello fishes, will be really insightful to understand cost of living in Doha for a single person. Rent + food and other expenses manageable at 8-10k QAR/ month?

like

Does anyone have a negotiation template for entry level recruiting coordinator. I’m going to be discussing my salary and benefits package and want to be able to ask the right questions and say the right things. Thanks in advance!

like

Any site you would recommend for good Kerala house plan ?

Thankfully I had 4A. The dude across the aisle to my right was not so lucky. The entire flight he was the recipient of Susan's MLM pitch

Post Photo
like

Incoming MBA, I have my tuition paid for and rent covered (I will be an RA). So the only thing I need to pay for is food and entertainment. Do you think 20k is enough to last me through the 2 years? I will make a little money interning in the summer, so that would be a safety valve if I blow through the 20k.

Or… should I take a small loan?

Any real estate experts in the house? Thinking of making a move to Miami from Jacksonville. Jacksonville real estate is still pretty inflated and hasn’t really come down much. Is real estate in Miami following the same pattern? Or is it expected to deflate with high interest rates?

like

Late twenties M here. I like to travel, go on hikes and am pretty easy going. Any f wants to chat and see how it goes?

like

After listening to the Mike Saylor podcast with Lex Friedman, it made me reconsider my notions I had about BTC layer 2. IMO ETH has thoroughly eaten BTC’s lunch from a development/dapp perspective. I’m 50/50 allocated in both because as Mike says BTC is durable digital property while I see ETH as the platform for application functionality. Would be interested to hear other’s takes. At the core of it, I’m not sure myself and others will ever want to spend BTC, even if fees were negligible.

like

Goodbye XRP! Thanks for the awesome gains and good luck hitting that absurd $100B market cap 😁

like

My friends think it's cool that I "get to" travel all the time, they don't get how disruptive my job really is... #flightattendantproblems

like

What is the present value of a government pension? How does one calculate it? Trying to get a sense of weather it's worth moving over to Federal.

like
like

Love how BS credit score is. Got my score up to 800 last month only to go on vacation so my credit utilization went up to 8% due to the increased spending and my score dropped 35 points because I didn’t immediately pay the balance after charging the purchases. I always pay my balance in full each month and have never missed a payment, how is 8% credit utilization determined to be that big of a risk that my score got immediately wrecked, I don’t understand

like

About to start traveling and would like to build up points with an airline....who would you suggest between delta & AA?

like

Hey Team

I'm on a H1B so I am supposed to pay Medicare and SS taxes, but my employer has not withheld anything- my hnr block advisor caught that but she just completed my returns assuming I don't have to pay those taxes

What is the right protocol in this case? Do I owe SS and fica taxes?

like

planning to sell my 2 BHK flat in Rahatani , near kokane chowk..if anyone interested ping me so can share the details. Thanks!

I’m 23 years old with my CPA, and I just wanna travel and learn Spanish. Anyone ever had an accounting role where this was possible through working entirely remotely?

like

More Posts

Good places to scuba with lower currency value (cheaper hotels, food, etc.)?

I just need some Brugal rum, Aventura or Romeo Santos songs on repeat all night…

like

I’m beefing up my LinkedIn profile and was like, “Ugh. It’s SO NOT FAIR that I can’t add my time doing service and working w sponsees in AA under Volunteers Experience!”#nohumility #willkeepcomingbac

likefunny

Larsen & Toubro Infotech Larsen & Toubro Infotech

HI All,
I have a round 2 Scheduled for LTI.
1. R1 - Technical - last week
2. R2 - Scheduled later this week - Is it again a Technical Round ? Or is it Techno Managerial one?
3. HR Discussion : Currently they are saying they will fit based on my interview and skills, no specific project or location mentioned yet.
Any idea if this is happening for all..?
12.5 YOE
Azure -Senior Role
What should be the designation / band we can request for 13yoe
Larsen & Toubro Infotech

like

Did it happen with someone in the last quarter that although you got nominated by L1 for band progression but the promotion did not happen?

like

What’s the best career for a students who wants to work before going into strategy consulting? Let’s assume that working in external advisory and consulting is off the table.

likesmart

Anyone here pivot from politics/campaigns to consulting? Worked at one of the national committees for a few years and decided to get my MBA as a working professional to try and transition. Any advice appreciated!

Can someone help me to understand if Adobe is flexible in terms of hybrid model, does it allow to have WFH and WFO 50% in a month irrespective of mandate days in a week. Is WFH possible at all in Adobe

like

What's the future with Adobe Coldfusion.

like

Today is joining day. Nothing happened. Onboarding is said to be virtual but no link was received. Any one else having different experience?

like

Any west coast lesbians 29-38 want to chat?

Hi Everyone,
I need your views and suggestions. I have two doubts:
1. Is it fair to leave an organisation (big brand) after a year as the environment is real toxic and there’s no career growth as well in terms of good work.
2. If I have to make a switch do I really have to target big brands only or can try for medium and small size companies too.

like

How many of you guys recently joined and currently on bench?

like

Confirming that the cheapest and fastest way to buy Electra is to transfer LTC to Coinhouse and then convert LTC to BTC

like

Hi, Tomorrow is my last working day at Infosys. I need to submit my laptop. My DC is Mysore but I live in Hubli, so can I handover the laptop at Hubli DC?

like

Currently at a super conservative defense firm. I do really well but keep getting the criticism that I tend to just do things on my own initiative. I’m just predisposed to being decisive and rather autonomous. Besides being a solo atty, where would this skillset be better suited? Plaintiffs work?

Asking for my husband…

We both think he’s underpaid.

Masters degree in architectural engineering (focus on mechanical)

Works on large job sites doing commissioning and project management as a “commissioning engineer” (large in sq footage and high profile jobs for a large Midwest city)

8 YOE on large projects in the Midwest

He’s making 75K.

like

SCORES ARE UP!

like

I see Trump has gone with the “If I talk louder I must be right” strategy

like

Additional Posts in Partner One

For the partners/mds/directors etc how are you protecting your money with the new administration? I’m assuming Biden’s plan will help the lower class but for the upper class I’m sure there have been strategies your advisors have been telling you. I currently have 20k in savings and feel like it’s just getting inflated away.

funnylike

For the Partners and really anyone in a leadership position: how do you motivate your people to take initiative? i.e. inferring next steps and taking action without waiting to be explicitly told to

like

What’s the hardest things you find about being a partner?

likefunny

At Accenture, I feel that 9/ 10 MDs I see are solid business operators/ relationship developers in contrast to true value creation/ thought leadership. I enjoy creating. Ctd...

smart

/x-post from the Consulting Bowl/

Hello, Partners. Can anyone recommend fantastic courses, videos or training for a new manager like myself? I’ve come from a tech background and looking to be C-Suite

What are the benefit differences between an equity partner and a non-equity partner (e.g. managing director)?

Hiya! I was wondering if anyone here has any good recommendations in terms of books or learning material that I can pick up to learn about sales and marketing relevant to the consulting industry?

like

How did you find out what you want in life? Feeling lost mid-career..

like

There is an opportunity in another office to build out their business in a large industry that I identified. The office has very little client base within the industry. The partners do not have experience in the industry and there are no senior managers or managing directors in that office. As a SM4, how do I go about asking to build out that business with the hope that it’ll build a strong case and accelerate my path to partner?

like

Partners - do recruiters/headhunters ever reach out to you? What types of roles/levels do they reach out for?

When you independently search for other opportunities (if you do), what types of roles do you look for?

like

Partner 🐠 - what are some traits of top candidates for final round partner interviews?

likefunny

What is the equivalent of a Sr MD in Accenture in IBM ? A Band C or higher ?

like

how does one make sure the client does not send out an RFP ? I am assuming once u build the level of trust with the client you make it all single sourced and keep the competition out.

like

When do we typically know if we made it to Destination in PCLDE?

And what is worse - getting another lap now before going into destination or going into destination and getting another lap then?

like
likefunny

Executive presence - what is ONE thing that helped you the most in significantly improving your executive presence during workshops, town halls, kickoffs etc.

like

Big 4 partners, can you provide any insights into the Partner v MD decision when you were up? Were you given the option? Can you share the pros v cons, especially from salary and pension standpoint.

likehelpful

Big4 Advisory Partners/Principals - how much do you make in your 1st - 4th year as a partner/principal?
Trying to make a decision whether its worth continuing.

likehelpful

🎇What’s your biggest win from 2021?

Drop it below, let’s celebrate 🥳

likehelpful

Negotiating an offer with MBB. How should I negotiate for unvested RSUs? I have about $400K with a vesting schedule over the next 3.5 years. Thank you!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal