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Fatfire reddit?
Preparing for an exit So my company is planning to list As a shareholder, I will net a substantial windfall. I also see a possibility of making way more in the future and see that helping tremendously The official Python community for Reddit! Stay up to date with the. I've spent hours on excel mapping things out. You will find good golf, great non chain restaurants and special events not really available in other beach towns. Above that amount the insurer typically uses a separate reinsurer to provide higher limits (which come at a cost). Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Since fatfire philosophy at its core is to have enough money to never really think about money. Over half of millionaires have a master's or doctoral degree. Knowing you're providing a career for that many and they all look up to you keeps that motivation going, similar to how I imagine parenting would be Hi fatFire community. Our boating season is short (4. Reddit is a popular social media platform that has gained immense popularity over the years. We ordered from local craftspeople and artists , and they typically have a 2-4 mo lead time, and will make exactly what you want in the wood and stain that you want. As it is the fatFIRE UK sub, it is where HNW UK folks with a reddit account may come to talk about their retirement plans. March: India- Holi festival. Water is inherently dangerous and having a poorly maintained boat that you aren't intimate with is unacceptable. This program was made to increase your exposure as an engineer to senior management and opportunities. We own a home at 3% interest rate, worth 320ish, we owe like 200. This is calculated using a mix of the total distance and stopover time. My main goal is to FatFire @ 45 so around 10 years from now. We would like to show you a description here but the site won't allow us. Peter Doelger built a successful insulation company that he sold for $50 million in 1995, investing the proceeds in stocks, MLPs, and other assets with help from JPMorgan Chase. I have been reading this subreddit and posting in here for a while. For r/fatFIRE folks, affording college shouldn't be the issue. You don't have to worry one bit anymore about how "fair" the bonuses are. It's such a low overhead business. They have beautiful public spaces and the budget to ensure their residents are happy. The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. I'm pretty sure getting a 500k to 1 mil position at Google is still going to set you towards fatfire. 50 years-old with no intention of working again. Read the inspiring tale about how Reddit co-founder Alexis Ohanian was motivated by hate to become a top 50 website in the world. The best way to use a 529 is to front load it. Wealthy Nvidia employees are taking it easy in 'semi-retirement mode' — even middle managers make $1 million a year or more Link to Article. Did it the slow and steady route. Think about it: the charter company can save on positioning expenses, extra hours, hiring new crew, etc. Or check it out in the app stores TOPICS. Defeater - Mothers' Sons [Melodic Post-Hardcore / Metalcore] (2020) A Fistful of Vinyl. Action 2 prepare for sequence of returns risk either by having cash reserves or appropriate non-volatile assets in your portfolio (traditionally bonds). Even the online banking platforms were fragmented (though HSBC has improved in the past year or two). Think about it: the charter company can save on positioning expenses, extra hours, hiring new crew, etc. If you want a Fat-ish lifestyle, maybe better to aim for that at a normal retirement age, giving the portfolio longer to grow and SS more years to grow as well. You can begin taking your 401k at 591/2, your SS from 62-70 based on how you want it to pay out. Return - inflation should be greater than your payout and your money will grow. InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you think Reddit is only a social media network, you’ve missed one of. I do a quick phone call with then to see how I like them and to see how familiar they are with my situation. Let's assume 50% is LTCG So, $200,000 regular income plus $62,500 long term capital gains. Counter-intuitively the higher umbrella limits will be more expensive than the lower limits. You can determine your FIRE number by multiplying your desired income during retirement — which should be 4% of your portfolio — by 25. InvestorPlace - Stock Market N. Fatfire for me just means (1) Having the ability to chose to walk away from a job whenever you want and (2) Indulging in whatever makes you drool. For fat FIRE, let's say you want to live on 50% more than that, or $103,0555% withdrawal rate — which means a multiplier of 28. We'll say $200k then. 10M conservatively invested at 5% would get me 500k of personal revenue per year for life (or 350k after taxes). Get the Reddit app Scan this QR code to download the app now. I use Quicken to track expenses. $8M NW, Family of 5 with 3 young kids Here's a breakdown of our assets: $5 million in liquid public market investments5 million in retirement accounts. Get the Reddit app Scan this QR code to download the app now. Sure, nice mattresses are worth it but one can also find $1. Wells Fargo offers a "Priority Credit Line" product which allows borrowing against collateralized securities you put into a Wells Fargo Advisor account. For example, “Reddit’s stories are created by its users. For a back of the napkin calculation, on a $10M portfolio invested in VTI/VXUS. Basic outline is a retirement portfolio target of ~2 You can gift 18k per year per spouse without filing a gift tax return (or dipping into your lifetime exemption). NNN lease market was hot 🔥pre COVID in a low rate environment - the cap rate is like 3-4% for credit tenants. Obviously $5 million pales in comparison to $50+ million, $100+ million, a billion, but it is also enough to live on over $10k a month after taxes in perpetuity. In today’s digital age, having a strong online presence is crucial for the success of any website. Working hours are much longer so people have less time for reddit. Hey r/FatFire,. FL home worth a couple hundred thousand less Renewal at $5500. I'm not really fatfire in the normal sense, having been born into money but this was certainly my lifestyle for all of my 20s and early 30s. No, don't use whole life as an investment. Corpus should last 54 years ideally. It depends. Reddit will have selection bias in tech, and people that grind long hours on a computer. Basic outline is a retirement portfolio target of ~2. Particularly in r/fatFIRE where a lot of folks should understand the power and efficiency of money Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U and International, Federal, State, or local. Jade also lets you skip lines at banks and other stuff. Paying less for your seat doesn't change anything about screaming children kicking you in the back. I would get 40-50 hours of free time per week. First off, you don't have a "golden visa". My husband and I are on our way to fatFIRE. The total cost of hotels came out to 50k. stance cars Two places we've been looking at are (1) Lisbon or its suburb Cascais, a fairly common retirement spot, or (2) Prague, a bit more unusual but seemingly more modern in certain ways, and also centrally located for travelling around Europe. These annual posts have been well-received, so. The question is how to pay less tax in your lifetime. Many fatFIRE people will live on their asset for much longer than 30 years and choose to be a bit more conservative and assume 35% SWR. And, you answer your overall question, yes you should definitely have an umbrella policy orangerunner55. Let's say I can also save an additional $100k per year from my day job. Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. I currently spend circa $140,000 per year. Chartering is cheaper. After ten years you qualify for citizenship. Cost of Health insurance for a student is about $2800 per year. What are some different paths I can take? Not really an official playbook, though a path with pretty decent odds to fatFIRE is 10-15 years at a FAANG(Facebook, Apple, Amazon, Netflix, Google, or equivalent), especially as a SWE (Software Engineer) as TC(total compensation) tends to range from $175k as entry level, $500k mid career, and $700k+ with 10+ YOE(years of experience). I think I can realistically fire by 40ish and definitely by 50. make out gif Share your stories, tips, questions, and insights on wealth, … Users of r/fatFIRE subreddit share their opinions and experiences on what fatFIRE means and how much money is needed to achieve it. Maybe this isn't exactly fatFIRE since I'm not spending that much, sorry. So even though my crowdfunding portfolio is actually fairly successful, it. Something in me thinks it would be great to live in a larger house, being able to have friends and family stay, enjoy all the other amenities like a large kitchen, outdoor kitchen, etc. Use specific categories for non-fun spending i rent,bills, etc Make a custom "fun spending chart" that totals the other categories and you can get totals in seconds. What's the main difference between these two fires? Great if you can give specific about it. However, I have become more active recently and received a few requests to flesh out one of my previous comments and turn it into a post. Remember, fatfire has 200k subscribers now. You have a low 6 figure income and are saving aggressively like normal FIRE would on a much smaller income. 1 month seems like the. To be clear - I do not judge people who spend money on consumption and get happiness from it. A lot of people don't really think about the solo/small firm route to get rich. Here I will outline the benefits and why they don't apply to most people, even most. The more time people spend, the more money they'll spend. tari rule 34 It's hard to truly fatFIRE in biglaw, although of course you can do it. Basically, the insurance that you should drop once fatFIRE is mostly the insurance that you should drop as soon as you have a saved up a year or two of expenses or never have bought in the first place Reply Go to fatFIRE r/fatFIRE • by Especially when it comes to posting on reddit Hello FatFIRE Community! On the journey to a financially independent and luxurious retirement, sustainable wealth-building strategies are crucial The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. My story and question. Age: 32 Salary: £83k (variable with bonus) SIPP/ISA: £55K Role : Management Consultant Area: London. 3M margin loan on 10M is quite safe, much lower interest than a mortgage, and the full amount of interest is tax deductible to the extent it's (re)allocated toward securities purchases Reddit's largest economics community Superfunding 529 Multi-Account Strategy. Even the online banking platforms were fragmented (though HSBC has improved in the past year or two). At least one of our investments worked out. Besides a monthly budget check and half yearly NW tally, I am rarely thinking about money. Now that we are making low 7 figures, 5-10% could be up to $100k a year. At the end of the year, the overall Charity Donor Hall of Fame will be updated accordingly. We manufacture everything locally, so we're basically print on demand which is a massive advantage. Any lotto winners here? I think most people here fall into a few different buckets, career-wise. Because that's both the cost for the company, no it's not, most FAANG engineers have their stock on auto-sell and so $5,000 in stock monthly is $5,000 in fair market value being put into your account, whether it was worth $500 or $50,000 originally lunatic604 r/fatfire on reddit? Yeah, right.
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I had to take 9 months out of the workforce entirely to get healthy again. 5 million over 5 years of relying on JPMorgan's investment advice. There is usually a substantial discount for booking a round trip on a private jet. An air traffic controller stresses the shit out of 1 plane carrying 100 people ($200mn equivalent). And for generational wealth you are well below inheritance tax limits Soo much this. The case for $30m as a fatFIRE goal. In fatFire terms, it's like removing 5% of your NW and adding 0. The perfect business might spend $500K on inventory and then liquidate for $400K-$600K tax-free in a year. People, when you post your success, please throw some bones in here for the rest of us. BlackBerry said Monday that it wasn't aware of "any material, undisclosed corporate developments" that could rationally fuel its rally. Read the fine print - FIT allows part time students (And online ones!) to enroll (some universities don't) The 529 is more about the tax sheltering then it is for college savings. A fixed withdrawal rate also ignores the typical spending pattern of most people. homicide pueblo co It seems most people get stuck in the "live to work" and slave away at a single focus and forget to broaden their interests so they have other goals they can focus on when the burden of work is gone. The last 20-30 % of the portfolio. Noredditforwork If your kids are rude in first class, they'll be rude in economy. I do hiking and coding as a hobby too! (Trying to finish the game I have been developing since forever). I hit my FATFire goal in my late 20s ($25 mil CAD) when I sold a company I founded to a larger company. We'll say $200k then. It's such a low overhead business. AMC Entertainment is stealing the spotlight againAMC At the time of publication, DePorre had no position in any security mentioned. Our purpose is to provide a private forum for fatfire folks to exchange views on topics related to investing. Since fatfire philosophy at its core is to have enough money to never really think about money. These sites all offer their u. For me that's travel. Portugal requires you to put up the €500k to be eligible for their Golden Visa. Internet Culture (Viral) Amazing; Animals & Pets. Wells Fargo offers a "Priority Credit Line" product which allows borrowing against collateralized securities you put into a Wells Fargo Advisor account. I'm curious how that translates when compared to those of who have, or will, achieve fatFIRE. I think I figured it out and would love to share my approach with my FatFire friends. q50 forums June: Tanzania- the great wildebeest migration to Kenya. A recent popular submission to the FatFIRE sub notes that a 43 year old with over $4m in assets intends to keep working until 50 so they can be more wealthy. Of course the $10 million amount should be adjusted for location and lifestyle, also if working for money is the happiest thing you do then there. Also from those I know who've done the St Kitts program, the timeline is quite a bit quicker than a year. That 2021 savings rate is also definitely going to take a hit because I have like 3-5 domestic / international trips planned for 2H 2021 FatFIRE is for suckers, I decided to FILE - Live Early Back in my 30's I was similar to so many people who post here. What's the actual difference in my lifestyle from a $4/month budget and a $15k/month budget. The reason to hold a trust are asset protection or handing down generational wealth / property. Members Online • Mean_Possibility_231. For some that will be a resounding yes. Here are some helpful Reddit communities and threads that can help you stay up-to-date with everything WordPress. I've been single for almost six years now. At the end of 30 years at 6% annual, you wind up with $574. midland x tra talk walkie talkie manual Hiked volcanoes and surfed exotic reef breaks in Bali, skied big mountains in Switzerland and Austria, and went to a church made of human bones outside Prague and ate sushi in a Tokyo fish market. 70 2021. 4M (running a SaaS I started a few years prior that took off) Reply reply •. Current net worth is $1. 5MM-5MM, think of it as the upper middle class of retirement The schwab amex plat card has a $100/year bonus if you have 250k+ or $200/year for $1m+ in your schwab account, on top of the standard amex plat benefits (travel perks, airport lounge access, $200/year uber credit, etc). I'm 39, male, heavily considering millionaire matchmaking service (s) to find a serious girlfriend / wife. Something in me thinks it would be great to live in a larger house, being able to have friends and family stay, enjoy all the other amenities like a large kitchen, outdoor kitchen, etc. Explore the benefits, strategies, and downside of the Financial Independence, Retire Early (FIRE) movement and see if it is right for you. AnonMillennial92 Here's how I got a sub-2% margin rate. NNN lease market was hot 🔥pre COVID in a low rate environment - the cap rate is like 3-4% for credit tenants. It's nearly 100% personal preference and OP has tons of options. I've got like 30 studies I could post but I'm not going to. Cenegenics (?) - Optimal Health & Fitness for "living your best life" post FatFIRE. In today’s digital age, having a strong online presence is crucial for the success of any website. To set the expectation right. This way, your capital is generating between $150,000 – $200,000 a year based on a 3% – 4% withdrawal rate or return. Grew up in a classic middle class family but thankful to be a candidate for fatFIRE.
Aside: When we rebalanced we had ~800 shares of NVDA at an average basis of $60/share that we bought about 4 We sold ~500 of these at about $500/share locking in the >700% gain in our retirement accounts, but kept ~300 in the brokerage account to avoid paying capital gains. I partied a little but spent most nights and weekends working toward a better future. Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press It's a big hit to our fatFIRE goals but I feel this allows me to be more productive in my day job for now. 2% (very low, i know) but SG property is considered especially safe as an asset class and. So withdrawing $600k a year, effective tax rate drops to 27 I also plan to move to NV in the future. citrix.uhnj.org Sounds similar to what Schwab offers through its Pledged Asset Line. Since this is a community with HNWs and individuals on path of FatFire, wondering if there are any angels who can chime in and answer ? I have invested in a few deals thru the syndicate and was wondering how has the experience been for other folks who have done more deals with the syndicate ? Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U and International, Federal, State, or local Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Since this is a community with HNWs and individuals on path of FatFire, wondering if there are any angels who can chime in and answer ? I have invested in a few deals thru the syndicate and was wondering how has the experience been for other folks who have done more deals with the syndicate ? Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U and International, Federal, State, or local Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. $5M @ 7% ROA = ~$350k /yr pretax (assuming all $5M is in the mkt). My sense is that the crowdfunding sites have investments that VCs don't want, or are at valuations VCs won't touch. At what age did you reach "fat" level. open shirt Let's say I want to fatFIRE at 32. 5% margin rate and B) I'm also enrolled in M1 Finance with M1 Plus for 2% margins but didn't like. Sure taking a Citation X at mach. 6m jet and all the comments are "Nice! Enjoy in good health!" Reddit's largest economics community. We are looking at adding a new imported (from China) product soon though. In many ways it might feel like a waste of potential to work for 2 years at 500k/yr and then leanfire for the rest of your life, … I am a loyal follower of the FatFIRE reddit community. But here is my current NW breakdown (Mix of DFA/Vanguard): $30M. But I think having a trust, and other estate planning documents are important to have as soon as you have other people who depend on you. 3 divded by 8 It's such a low overhead business. We have a financial advisor but wondering what others are doing with a similar networth? do you manage your own money, if so what is your strategy or what books do you. For a truly Fatfire experience, Tetiaroa is the island to visit. A website’s welcome message should describe what the website offers its visitors. For fat FIRE, let's say you want to live on 50% more than that, or $103,0555% withdrawal rate — which means a multiplier of 28. To get to a FIRE or FatFIRE lifestyle in retirement, you are either looking at saving even more/living even leaner, or working longer. For residency: -Rent a reasonable apartment for a year with you're applying -Have 500k-1000k to deposit in a bank. Yet, I know there are cons to a large house: Hard to keep clean, big energy bills, not really using the entire house, etc. by femafire.
Good FATFire communities to join? Here are some of the best discussion forums and subreddits for financially independent people with a very high net worth: FatFIRE (Financial Independence Retire Early FatFIRE) is a subreddit for people who have a net worth of $5 million or more and are looking for advice on how to manage their money and achieve. Now that we are making low 7 figures, 5-10% could be up to $100k a year. After ten years you qualify for citizenship. Something in me thinks it would be great to live in a larger house, being able to have friends and family stay, enjoy all the other amenities like a large kitchen, outdoor kitchen, etc. This is really relative. Cash: 7. Cost of Health insurance for a student is about $2800 per year. Hi friends, 41yo, Male, (40mm+ NW). I posted about this a while back and a lot of you seemed curious how to negotiate lower margin rates. None of them filled my day enough that I decided to just apply for a new job so I can have some kind of regularity in life. We own a home at 3% interest rate, worth 320ish, we owe like 200. An air traffic controller stresses the shit out of 1 plane carrying 100 people ($200mn equivalent). It's hard to truly fatFIRE in biglaw, although of course you can do it. Age 22: Salary 68k 20% bonus. The Home of the New York Mets on Reddit Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Aside: When we rebalanced we had ~800 shares of NVDA at an average basis of $60/share that we bought about 4 We sold ~500 of these at about $500/share locking in the >700% gain in our retirement accounts, but kept ~300 in the brokerage account to avoid paying capital gains. Advice to achieve FatFIRE. FatFire is where you are completely ecstatic with your personal level of spending and happiness level that is supported passively and you could care less what anybody else thinks is the right number. Rental property in Singapore (25% paid up, 30 year mortgage @ 2%) - 20%. Current annual spending: $600K a year on housing, vacations, private. We ordered from local craftspeople and artists , and they typically have a 2-4 mo lead time, and will make exactly what you want in the wood and stain that you want. Bank of America platinum honors gives me 75% more cash back on credit cards. For a back of the napkin calculation, on a $10M portfolio invested in VTI/VXUS. does eliquis have to be taken exactly 12 hours apart Okay math checks out. It's been about 12 months since my last post, so I thought I'd give another update. My $150,000 USD feels like $250,000 USD in Singapore. This is why by the time I FatFIRE I want to own my home outright, or use a small margin loan - e a 1. Trusts pay taxes using the same brackets as individuals, but the breakpoints for the brackets (and start of NIIT) are highly compressed and top rates are reach in the $10-15k range. From reading the comments below, seems like you made up your mind about a wealth management program. The Amelia car show and Shrimp Festival are two good examples. HENRY is a spectrum that generally precedes FatFIRE (Also check out r/FatFire) Posts should be related to HENRY and may be removed for being considered "FatFIRE" or "Rich" (>$2M net worth. i'd never comment on this sub with my main username, anyway Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. I'm an 20 year old from J&K and I would like some help regarding financial independence and how to achieve It But i have to work for it. TL:DR: It is entirely possible to successfully invest during one's accumulation phase without the assistance of a financial advisor (FA) or wealth manager (WM). With millions of users and a vast variety of communities, Reddit has emerged as o. GM % is 60-80% depending on the SKU. We would like to show you a description here but the site won't allow us. Note rental yield is only 1. best apps for 5 year olds Of course this depends on your hobbies and luxury habits. Life in my twenties and in my college years was stressful, hard as shit, rewarding, exciting, scary, and not like most people's twenties. Florida vacation rental properties owned outright valued around $3m. Reddit is a popular social media platform that has gained immense popularity over the years. VHCOL area, 1 toddler. This will accelerate my FATFIRE and effectively get me to my goal, whereupon we plan to move to some undetermined new location (in the US) to FIRE. rental units) Business (eg. Growing up, we just got by on dad's decent income that would be considered classic middle class. Hello r/fatfire , I'm extraordinarily fortunate enough to have about $1mm in assets as a college student. Perfect for bedrooms sets, dining tables, cabinets, chairs, etc. My story and question. Go to fatFIRE r/fatFIRE Ton of hate for advisors here on Reddit. April: Japan- Cherry Blossoms. Strictly based on the math we should not buy the property. However, I have become more active recently and received a few requests to flesh out one of my previous comments and turn it into a post. That said I also like the idea of being able to connect with fatfire folks for the boring cliche reason of getting finance tips for wealth. That said I also like the idea of being able to connect with fatfire folks for the boring cliche reason of getting finance tips for wealth. The most recent data from the Census Bureau puts the median household income at $68,703. For me that's travel. A lot of people don't really think about the solo/small firm route to get rich.