Who’s on their way to FAT FIRE?

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

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likeupliftingsmart

Beautiful chart - keep it up and congrats!

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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.

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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.

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

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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.

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I’ve had a flat tire 😢

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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

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