Who’s on their way to FAT FIRE?

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

Me. Have grown 0.5 M in net worth in last 5 years and just getting started :)

Post Photo
likeupliftingsmart

Beautiful chart - keep it up and congrats!

like

I’m on the way to Fat Tire, the beer, because my life is a mess.

likefunny

On my way to FAT FIRE but separately

funnylike

This is my goal! Early 30s and combined NW with husband is 2.1M now (and before I get asked, none of this is inherited or from family and I had student loans but my husband did not). He wants to retire around 40 but I’m content to work until 50ish. We’d like to get to at least 10M but we shall see! No kids yet but we are going through IVF now.

like

What is your savings rate ans income? Trying to benchmark what I should be saving to get where you are in my 30s

Early 30s here HH net worth at 2.5. We like the idea of fire but with a newborn, hard to tell right now haha. Hoping to hit the 10-20m range mark by retirement. Even if we magically hit the mark tomorrow, I'm not sure if we'd be ready to pull the trigger and retire yet so lots still to figure out.

like

Me but I might pull the trigger before I get there lol

like

That timing would likely mean about 7.5-10M in 16-18 years based on our savings rate and investments. It’s honestly way more than I think we’d need with any reasonable inflation rate which is why I’m not certain I’d work that long. Our spending is nowhere close to that amount now but I expect spending to increase given more time to travel.

like

I’ve had a flat tire 😢

like

We are although a lot is a result of the past two years both portfolio growth and a pandemic job hop.

Mid-30s with HHNW of $5.5M with 1 toddler, planning for 2nd and a SAH spouse. No debt and no inheritance, all saved from our salaries. Targeting to hit $10M by 40, but might be delayed by a couple years due to current market outlook.

What % of your NW is savings from income vs growth from capital?

That's a crazy amount to save up by 35

Yes I’m 0.001% there

Related Posts

What’s the biggest difference between junior and mid creatives?

likehelpful

So I'm in a weird space at the moment. I've been interviewing with a lot of agencies in the past couple of months, and I keep getting the same response of "I need more agency experience." How am I supposed to get that experience if one of the things holding me back is not having enough agency experience?

like

I have never done freelance work and was given the opportunity to take part in a cool project. My problem is it’s a proactive case by a brand new agency and it’s their own project, meaning there’s no client who pays for the work. For them it’s PR for their new business, but I think they’re expecting me to work completely pro bono. It does have potential for a great case and I’d love to have it in my portfolio, but is it reasonable for them not to compensate me? Any tips on how to approach this?

like

Anyone registered their vehicle with BH number plate? Is GST number mandatory on form 60?

like

How strict is Google about returning into the office? New York based

like

For July 4th does google only give one day off?

like

I’m a jr SWE and have successfully landed an interview with Google. It’s time for the coding and interview rounds. I’m a wreck. What was the best way to prep for this portion of the interview?

like

If you guys are going to happy hour and see these kicks it's your boy

Does Singapore offer national healthcare services like in Europe? I am an expat and it seems to be that expats can only get business healthcare insurance

like

Are there any HR professionals who would be open to guiding me. Could really use some advise in terms of growth and path that I should take.

Besides Open AI, what other startups are innovating in the space (and might be hiring for business roles/consultants)? ChatGPT is amazing and seems like there is so much opportunity to use AI tools

like

I need a new hobby or something to channel my energy and emotions into. Something that won't require much of a time commitment. Ideas?

like

90s music binge is so fire right now.

likehelpful

I made Peruvian Lomo Saltado the other day. Recipe from Tasty but 3TB of vinegar and 3TB soy sauce for more flavor. Easy and delish!

Post Photo
like

Favorite prepped meal services?

like

Wordle 515 5/6

⬜⬜🟨⬜🟨
⬜🟨🟨⬜⬜
⬜🟨🟨🟨🟨
🟨🟩🟩🟩⬜
🟩🟩🟩🟩🟩

like

How does one get on at a family office?

like

Any recos for a therapist who:
- is in BK/manhattan
- takes Oxford Health
- is good for treating social anxiety
- is female (preferably but not a game changer)
?

How do you deal with a boss that wants you to quit and is becoming increasingly more abusive. But you haven’t found a job yet and need this job financially.

like

Some days the ghosting and radio silence comes off as blacklisting and soul crushing. How hard of an ask is it to copy and paste "thank you for your interest, we decided to go with another candidate"

like

Additional Posts in FIRE Financial Independence Retire Early

What is your socioeconomic background and how much NW do you consider “enough” to be able to live comfortably?

like

Anyone here retire in late 30s or know someone that has?

Is there a definitive guide to cost of living? The obvious cost of living centers (SF, NYC, LA etc.) get covered a lot, but I’m wondering where my city falls. It’s a modest Midwest city with ~100k residents but is a relatively touristy spot. It often feels like a MCOL area but I’m not sure how to adequately judge that, and it would be helpful to know when comparing salaries and the like.

How do you invest and save for your children? I’m thinking about setting them up with custodial brokerage accounts but don’t want them to have a heyday at 18. Did you create irrevocable trusts or?? They are too young for earned income and I don’t own a business so no IRA investing opportunities here.

like

FIRE Newbie here - wondering how everyone is retiring early (30’s 40’s 50’s) if the majority of your savings are tied up in tax preferential retirement vehicles you can’t really touch for another few decades?

like

Looking for a financial advisor to help us begin investing - any recommendations? Is $30K enough to start with?

like

Is it true that some* debt is good debt. I’m referring to student loans, interest is ranging from 2% - 5% (all federal loans). Total is 20k, is it smarter to pay it off immediately and ASAP or just stretch and put the extra money into investing? Note I just graduated this year, thank you guys :)

like

TC New grad Software Engineer
Base: $110k
Sign-On: $35k
RSU: $120k/3years
Relocation: $20k

Starting fresh with virtually $0 savings and $0 worth of financial literacy, whats the best course of action? any advice is greatly appreciated!

like

I would like to hit fire between 40-50. Currently 27, 185k total comp (125 for me and 60 for partner). Like my job don’t hate it don’t love it. Does an MBA make sense? I’m guessing it could take me to 170ish with that schools I’m looking at but wondering if the 40-50 retirement range makes an mba not make sense since I’d only have 10-20 years to save vs 12-22.

Would have to finance the whole thing myself. Current net worth is 140k. Thoughts?

like

Max out 401k before contributing to taxable brokerage? Roth IRA is already maxed out.

like

Since the fed rate is now zero.. What does thst mean for mortgage rates and savings rates? They gonna plummet to nearly 0%?

like

Currently at 155K base in MCOL city. Have 28K in savings. Maxing 401k, ROTH IRA, and HSA. After all expenses, I'm only able to save 300-400/month in my savings account. Would you all recommend allocating more to savings vs maxing the retirement accounts?

like

If you were 22 years old with $55k in cash and $14k in student loan debt what would you do?

like

Is an IPO in anyone’s FIRE strategy? Maybe this is specific to the Bay Area, but it doesn’t seem that unrealistic to negotiate enough equity to make $1.5 mill off an IPO. Or maybe I’m dreaming 😂

like

Looking to buy a property mid-2021 and need advice on what to do with my savings that I’m building to purchase the property. More info in the comments

like

What’s your FIRE target age (where you no longer maintain a salary job)?

like

Okay guys give me a list of things to lower my taxable income. Make yearly with wife 200k.

like

Anyone else into Bank Bonus churning?

like

Are we on recession? My portfolio is super down - low cost ETF investor here

like

How do people here reduce their tax bills? Me and my SO earn about 400k gross and take standard deduction. We don’t own real estate, only S&P500.

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