WebAdvice on structuring fatFIRE journey as a first gen immigrant. Hello fatFIRE! Moved to the USA at age 22. No family or close ties here prior to that. Bridged huge gaps in knowledge about adulting in a different country by asking kind strangers on the internet, primarily reddit. I'm finding gaps in my fatFIRE journey and once again coming back ... WebDec 29, 2024 · Reddit fatfire or r/fatFIRE community deals with wealth and financial independence as well as early retirement planning. It has 209K members at present. The community runs multiple threads related to wealth planning after losing a job, hiring employees or personal assistants, buying and selling of investments, savings planning …
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WebMay 14, 2024 · If leanfire is for people spending under $40k/yr, fat fire is the term for people planning to spend more a lot more. How much more? This discussion on Reddit puts the number around $152,000/yr+. Physician on Fire pegs the number around $100,000/yr+, roughly twice the typical household spending. WebJan 25, 2024 · The Most Popular Content on Reddit Personal Finance - Fatfire Woman The Most Popular Content on Reddit Personal Finance posted on 12:07 am Reddit Personal Finance is the most comprehensive place for top-notch personal finance advice on … how to deactivate mobile key bpi
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WebFat FIRE, by contrast, is when someone who has reached financial independence spends more than average. Using the example above, the New Yorker would be pursuing Fat FIRE, since she's living on... WebAug 4, 2024 · If you type some figures into the fatfire calculator below, even with a relatively aggressive 4% withdrawal rate, it would take over $2m of invested capital to replicate a $100k/year salary. If you are trying to fatfire in a high cost of living city, that is truly just the starting point of what is necessary. WebCan anyone suggest the many ways to fatFIRE? Goal: Passive income ~$6,000/month after tax . Proposed method of income: get to $3,000,000 in assets ASAP cash out at 4%/year (not sure what taxes I'd be looking at here...but $120k/year pre-tax should get to my post-tax target after insurance easily).It doesn't need to be all cash. If all my rentals are paid off … the misfortune teller artist