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Straight_Cash_Homie
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| Number of Posts: | 1 |
| Registered on: | 6/26/2024 |
| Online Status: | Not Online |
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re: Who in here follows the "FIRE" mindset when it comes to money?
Posted by Straight_Cash_Homie on 7/3/24 at 9:53 am to lynxcat
quote:
Who are these people? This sounds made up rather than reality.
I'll bite, can only speak for myself..
- 35 years old, no kids
- FAANG employee for over a decade
- Heavily compensated by stock, stock has over 10x'd since starting
- $0 net worth to ~$2m in just over a decade
- Investing ~$100k per year
- Have about ~23x annual expenses in liquid assets
Trying to ride it out 5 more years, expecting to have ~35x annual expenses by 40 (assumes 7% growth) if I can make it that long.
quote:
I'm just impressed w/ the early/mid 30's FIRE crew with the $150K cars and 5 figure watches. I was still in college in my late 20's.
I'm trying to avoid lifestyle creep as much as I can, so not doing this. Drive a Honda and have a cheap running watch.
quote:
It's not worth it if you can't enjoy life in your 30s just to do nothing in your 40s.
I do enjoy my life, I am very fortunate to be in the position I am in. With that said, working for a major Tech company is essentially an exercise in seeing how much BS you can tolerate and how long you can ride the wave. That wave will be ending for me shortly.
Definitely NOT trying to sit around at 40 and do nothing, certainly want to work/invest. Just would like out of the BS games that come with a huge corporation.
EDIT - Posting this under an alter for privacy purposes
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