Reddit fatfire europe

Reddit fatfire europe. We're open to other places in Europe but I'm confident we'll end up back in Stockholm even if we live elsewhere in Europe for a while. NFL Get the Reddit app Scan this QR code to download the app now. 5MM and I should be I'm an european woman who's about to get into college (actually, I'm already in college- one of the best in my country- but I wanna switch Advertisement Coins. Japan is very isolated e. You're not living ultra lean and w/ 2M at 33&31, you're going to be wealthier than many who are accepted in the sub simply due to My wife and I just had a conversation to reset our guidepost (fatFire) to $5M. Business class and five star accommodation. FatFire is still attainable, but definitely some additional challenges relative to our American comrades. The backyard and garden are gorgeous, and I adore their dogs. g. So after fatfire, I started a travel agency and I guess gave up the re part. For both Fat and not yet Fat, what is your NW goal? And if you've met it, did you move it up and keep going or did you Fire? We're open to other places in Europe but I'm confident we'll end up back in Stockholm even if we live elsewhere in Europe for a while. r/fatFIRE Also, South Africans are lovely people, but a fair percentage of the people (including European ex-pats), especially on the Atlantic Seaboard, is insanely entitled and honestly racist. We plan to move back to my hometown and live with our parents 54 votes, 89 comments. My partner has spinal arthritis so it was important to make sure we tried them for 1-2 X 20-30 minute cycles each. Since fatfire philosophy at its core is to have enough money to never really think about money. 49 now, two kids. However; it takes time to hire, train, and trust them to Go to the Hastens hotel to try them out. And there is always spending less. Joined lifetime fitness and work out now most days and starting to get into Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Members Online • ASK_ABT_MY_USERNAME. ADMIN MOD International Moving Companies . I know there has been much written about Bill Psychology of Money resonates more with me. Having worked across Europe also means that I have automatically contributed to a pension system that will be fairly generous at retirement age (mid-sixties) unless I retire early . I ran into an UHN person that i know from back when and we came to discussing sourcing strategies for a position in his family office. If that's your reason, it's just another asset class to rebalance and you do fine with an ETF that holds physical gold. We are weird. Also if you’re solely planning to rent I’d experiment with a couple of different spots around the globe. I'm weary of finding the right financial advisor and feel a fellow current or aspiring FatFire-r could be better. ADMIN MOD What were you guys making at 25, 30, 35, and 40 years old? And how much were you saving at 25, 30, 35, and 40 years old? Share Add a Comment. I found that the regular members of this sub also give very well-thought-out responses to nuanced (first-world) problems, which otherwise is quite hard to find. I just got her surveyed again and, according to the surveyor, she’s worth $550K now, which lines up with what I’d expect. 45 votes, 18 comments. The questions are quite basic, confirming you aren’t there to solicit, your personal and professional background, broad source of wealth, and overall, have good intentions. Situation - Single. Despite lower salaries, even with something like 50K Euro/year, I could still take home about 30K Euro/year, and if I live out in the suburbs of Paris and commute in, I'd give about 12000/year in Rent. Both of our drivers are contractors, but you could of course do W-2 as well. There's an amazing world to see. At least the price / expectation of talent is somewhat more subdued than stateside. Also, respectfully, this feels like you're LARPing a bit as a prepper. I think it's very likely I will start another business at some point and continue to earn income from the equity in my current one (majority stakeholder now looking to sell part/all, the Get the Reddit app Scan this QR code to download the app now. If your parents keep going to Europe for vacations, there's a good chance they're doing that because they prefer Europe. I did build a big house in HI, and try to get out there January-February every year I know many posts have been made about cars. We looked into Hastens but went another way. And the vacations, proximity to Do Europe for that much money why Mexico? Just saying. Good news is Europe seems to be ahead of schedule on refilling gas storage so I FatFIRE Reddit. Flying private for the smaller legs and the transatlantic part in commercial ends up being $10-$12k for the commercial part and another $10-$15k for the private legs so you're looking close to an extra $10000 to fly private and save about 5 hours of R/Fatfire makes it seem much more common than it really is. Started with our advisors in the mid 90s, we’ve gotten an annualized return of 8. Reply reply FFanon28 • And this is why i follow r/fatFIRE Reply reply More replies [deleted] • This exactly. I take a free trip to Europe in the summer and my wife can get free trips when we coordinate with a conference. I would argue that is a huge driver as to why American fortunes are usually squandered in a few generations while many in the European nobility have held their wealth for centuries. It is long, but I hope this is useful to some folks and also, would love to hear what has worked for other FATFired folks, so I can learn from that. Because putting all your eggs in one basket is wrong, in any scenario. To me flying first class is one of the key things fatfire has allowed me to attain. I understand this is FATFire but you will be shocked at just how much you can travel on the weekends, for like a £30 train ticket and 4 hour commute, you are in another country by lunchtime. Sort by: Best. 5MM-5MM, think of it as the upper middle class of retirement 340 votes, 213 comments. Here are a few mostly non-financial things related to FATFIRE-ing. 5MM-5MM, think of it as the upper middle class of retirement This isn’t quite accurate advice. Above NW will be FATFire in most place, but what would it get me in NYC? E. If you desperately want a EU Go to fatFIRE r/fatFIRE • Can anyone point me in the right direction as to fee only fiduciary advisor in Europe for this type of situation? Will explore a SFO or MFO at some point but do not have the band with right now. My current net worth is about $3M. We paid the one in Europe during covid when we didn't see him for I know there’s plenty of individual posts on here explaining in detail an individual’s path to fatFIRE. I think he (u/forevermill) was describing Universal Life Insurance, which is different than the Whole Life Insurance you were asking about. I think it's very likely I will start another business at some point and continue to earn income from the equity in my current one (majority stakeholder now looking to sell part/all, the I am struggling with finding REALLY NICE hotel experiences for my husband and I. Reply reply More replies More I am European and live in Europe, which means that while I will express financial details in dollars, I am mostly interested with euro-denominated investments and am not eligible for things like 401(k)s. I follow a few macro analysts in Europe and most are short EURUSD or long dollars as a hedge (ie UUP). 5MM-5MM, think of it as the upper middle class of retirement Basic outline is a retirement portfolio target of ~2. Please get started here - https://fiindia. r/fatFIRE Another one I asked why and he said for security reasons (as he flies to a lot of Eastern European countries where he feels it's not safe to land on a private jet). Conservative Ronald Regan for president workerbees ! First, We hold fun give back to society part time jobs to have someone else pay our health insurance. On top of that, self-worth and identity is tied to things like succeeding against new challenges, moving up in things, getting accolades, feeling FatFIRE means, to me, that I live how I want to live. But curious to see what cars everyone has (concurrently), what purpose it serves, where you store them, and how do you keep track/maintain. So we all have high NW, enjoying fatFIRE life, but how do we avoid being treated like idiots at car dealerships when buying a Though we all want to fatFIRE, and fatFIRES come from all walks of life, I think in the end the 80/20 rules still applies, especially in this case. Experiences and hobbies like private pilots license, scuba diving and water sports like jetskiing, flyboarding, shark diving, etc. All these have a legal structure that doesn't let Someone at $100-150k income can absolutely hit $5M real dollars (inflation adjusted) and still RE before 50. I'm planning to travel to Europe when COVID conditions improve. Sure, most places will handle payment without it, but you will eventually run into problems occasionally so having an EU card helps. ) Hi there! Yes, I’ve run across members across Europe and I believe I saw someone in Milan. Please check the rules before you post. Reply reply TheGreatBeauty2000 • Have you ever calculated how much in 23 votes, 50 comments. I just looked at it and their RATE shows SOFR+2. Has any of you found efficient tax optimization schemes in an EU country using RE depreciation or something else? https Equities are about 30% Cdn markets, 30% US, 30% Europe Australasia Far East (EAFE) and 10% single stocks / emerging markets. Plan for recurring monthly income over different time periods as well as windfalls and one-time purchases in the future. Maybe not quite pool on the balcony, which is not really a thing in most beautiful cities here anyway, but for instance all but the most touristy parts of Italy Many parts of the world, and not in a fatfire way. If you have interests in particular subjects this might This recent article at EarlyRetirementNow gives a pretty good rationale for having some gold, which is just that it tends to go up in major equity crashes. Vienna, Copenhagen, and Zurich are ultimately too small to offer a lot of the very best things. Don’t want to move somewhere we won’t be comfortable, not be near friends and family and do the things I like to do to save a buck. . Of course, I'd be happy to offer my 2cents/advice in return. You can easily hit low end FatFire with a decent salary and some common sense investing. IMHO if you arent at a top pharma who's HQ is in EU/Switzerland it might make more sense to move to the US Reply reply pharmd • Salaries in Switzerland are highest in the European continent (almost Many parts of the world, and not in a fatfire way. The call the product Pledged Asset Line Get the Reddit app Scan this QR code to download the app now. Seems people are forgetting that fatFIRE is about being able to do anything you want without work, not about hitting some arbitrary spending target. Somewhat of a mentor. The US was very generous to us and I have a son now with dual citizenship but for this part of my fatfire journey, being back in the UK is the best option due to Posts should be specifically related to the fatFIRE pursuit and lifestyle - as opposed to regular FIRE or LeanFIRE. r/PassportPorn. Members Online • fniner. Zero deductible, all hospitals covered, 24/7 access to a Dr by phome, and Includes air evac from exotic locales with pre Go to fatFIRE r/fatFIRE . io/wiki/ Please read the rules before commenting / posting. Or check it out in the app stores     TOPICS Go to fatFIRE r/fatFIRE . As per the sidebar: This is a community for people firmly on the path to fatFIRE or already there. 5 hr commute. $5M @ 7% ROA = ~$350k /yr pretax (assuming all $5M is in the mkt). We have a caddilac policy for a family of 4 which is some 35k EUR a year. Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Lol they should all pay their own ticket and he/she can get the villa. And likely you'll ask about it here on FatFire. What happens to you once you no longer have anything to do? Likely you'll struggle to find new meaning. Some people are pursuing FatFire for the luxury of being able to charter flights. Big question as far as the fatfire number goes is what you expect to be paying for your child in retirement. Our spending is in the $120k range (we don't really budget) not including luxury travel trips with the kids (Europe a couple times and Africa this summer) or equity adding home improvements. Tokyo is wonderful, but too hard for me to settle in as a 268 votes, 125 comments. Is this suggestion because you reckon Ireland is good for expat fatfire, or because it's easy to get citizenship? To clarify, I already have EU citizenship due to having an Irish passport (I was eligible via my parents, I've never lived there) Reply reply jackass4224 • Oh. Assume I can withraw mostly tax free and healthcare insurance is provided free. I am thinking of chartering a boat from mainland Italy to Sardinia or Corsica. After reading "Die With Zero" and being pretty convinced by the math, I've decided to live a little more and up my spending in 2024 to see how it feels. Don’t get me wrong, I’m not opposed to making friends with those who are less well off. r/fatFIRE A chip A close button. There's mixed feelings about Chamath Palihapitya out there but he was on Lex Fridman This is the obvious choice. Being a busy physician and also single with no one for backup, I was reluctant to get into RE. Reply reply TheGreatBeauty2000 • Have you ever calculated how much in Go to fatFIRE r/fatFIRE • It appears you are in Europe. Hello and welcome! This is a place to share photos of passports, visa stickers, and national ID cards. If you’re worried about a budget, please post to r/chubbytravel So after fatfire, I started a travel agency and I guess gave up the re part. Or check it out in the app stores   The type of hidden gems fatFIRE comments always hides. That means I pay for someone to do my yard How much do I need to make from my passive income streams to #fatFIRE (retiring early without extreme frugality)? Here’s my plan, and my own #fatfire retirement calculator. Supporting parents. FIREIndia mods blacking out the sub against reddit policies change and the alternative r/FI_India getting modded out of reddit. Log In / Sign Up; Advertise on 18 votes, 43 comments. 5MM invested. I could only be a snowbird in places like Miami, Atlanta, Phoenix, or maybe southern Spain (Valencia). And we expect to hit this mark in the next 2-3 years. ADMIN MOD Keep Rental Real Estate or Sell It . We live in Europe & travel often around Europe, but have no idea how to find the super lux hotels, that have nice amenities (pool, fresh rooms, stellar services) & are not tourist ridden. And referring to: Your needs are different than what those of us who are fatfire actually want to do with this place. Not FatFIRE but picked up so many fantastic pointers on this sub. I was in construction supply and have an uncle who builds 5-50mil beach homes I have assisted on. It's a fantastic resource. Do you have any contacts who have drivers? Ask them. And it isn't a fatFire item. If not, what would be your recommendation. Healthcare would be paid for, and groceries would be a lot cheaper than what I'd have to pay in NYC or SF (based on my research). You should just target spend to Slow travel in Europe and India, beaches and mountains. 5 million into index funds, and then maybe 5 x $100k in cash for this year and bonds for next year, and each of the following 3 years. The guy's not asking about buying a private island. Our spend isn't as FAT by the standards here, we are targeting around $200k and are a family of 4. Members Online. That said - small things like: making sure Live and Work in provincial Europe: Portugal, Spain, in Proximity to Mediterranean. Now I flat refuse to live without them. Get app Get the Reddit app Log In Log in to Reddit. (first post in this reddit after reading many other insightful posts) I am 52 and I saved enough money to FAT-fire in ~1Y. Kitts passports and a lot of caribbean islands that offer competitive taxation (or no tax at all) on capital gains. In I live in Central Europe, cost of living here is about 3-4x less than say Bay Area or nice parts of Eastern Coast. 4mm. I don't necessarily plan to retire early, but I love the concept of living well below your means So I'm finally getting into one of my biggest "want but could also live without" fatfire splurge: Skipping airports and chartering private for The fatfire index. I've been reading a lot about owning farmland as a "recession proof" asset. They split their time about 70/30, but as they get older, I think they will come back to the USA. Singapore lacks the cultural scene and subcultures. Log In / Sign Up; Advertise on I live in Central Europe, cost of living here is about 3-4x less than say Bay Area or nice parts of Eastern Coast. Or check it out in the app stores     TOPICS I’ve travelled many places, especially Europe and I save every interesting place I’ve visited 😊 Reply reply Thin_Struggle4168 • I live my life using virtual assistants. I fully believe your FatFIRE, but not sure you're really considering what a world looks like if Europe is in shambles. Please assign a post flair to your post. I lived in the USA for 10 years but recently moved back home to the UK in 2019. I think they have their own hotel somewhere in Europe, and there are certain suites at other hotels that have the bed. And there’s south east Asia. ADMIN MOD What’s the best fat trip you’ve taken? The COVID travel lull has me dreaming of big getaways, and with vacay time and money saved up it feels like I’m setting up for my I feel like the entry "number" for FatFIRE in the US is $5 million / 40* crore rupees. It's important to try to give people gifts that they will like instead of gifts you think they should like. Your personal tax rate becomes 0%. We did about a half-dozen countries in Europe. gitbook. I don’t fly first class in the following scenarios. This recent article at EarlyRetirementNow gives a pretty good rationale for having some gold, which is just that it tends to go up in major equity crashes. This crowd eschews the traditional wealth management advice of drastically cutting costs and living I have heard the phrase fatFIRE for a long time and its clearly not my bag or very ERE oriented. This sub often arbitrarily uses $5M as a minimum value for FatFIRE and this sub often seems to think people on over $250k are the only ones that can FatFIRE. I paid $570K in 2018. Hi FatFire, I know this is a structure used by companies like NetJets, Flexjet, etc where you purchase a 1/16 share in a jet Skip to main content. Spending $50k per year on a few big domestic trips a year for someone FatFire isn't unheard of. NFL NBA Megan What do you do after you FatFire? Here's an article one might find helpful about evolving Identity after reaching a goal Skip to main content. If we stay in Europe where we currently are, international school could be upwards of 100K a year. Members Online • pwnies. Or check it out in the app stores     TOPICS Go to fatFIRE r/fatFIRE. 20 votes, 68 comments. I also get a kick out of seeing posts where people talk about real FAT activities such as chartering private flights and even real life NFL players. Members Online • Alternative_Code261. This is a new community for Europeans on a FatFire journey. Montecarlo, Lake Como, Mykonos, Ibiza, ST. Please make yourself at home and introduce yourself naming your country and telling us a little about yourself. We just had Baby #2 and Wife doesn’t want a FT Nanny. Yes I was kinda late getting into the RE game. I figured living off dividends and keeping spend low was the way to go. Or check it out in the app stores     TOPICS You could make some delicious stuff at home and it’s easy to learn and you control everything. EDIT: here is one of the first Google search results for transferwise vs ibkr from bogleheads forum, seems to echo what I remember during my research. Good luck! First off, by a used Oyster 885, which is a 90’ sailing monohull, it will set you back about $7M, most likely this boat will be in Europe or the Med, which is perfect. I started by chartering but it didn’t last long and quickly bought a nice sailboat kitted out the way I wanted. So for example, if your plan to fatFIRE on $100k a year, then you need at least $2. Hopefully my children will be in the position I could have been in. As I approach FIRE, am learning that getting health insurance on the exchange is going to run me around $25-30k/year (premium+deductible, assuming we use it up), which is a significant chunk of our planned yearly spend. Kids are 12 & 15. I Skip to main content. r/fatFIRE. Some notes: I am based in Europe so I don't want > 50% I hope to gain some insight about the pros and cons. Discussing investment strategies, expenses, tax strategies, cost of living, and etc. It usually comes out to be $4,000 to $6,000 a trip. ADMIN MOD Any sports teams investors/owners here? Investing Have an opportunity to buy into an Italian Soccer club, currently serie C but they Kind of seems like a dick comment. Would you recommend the Four Seasons or Ritz Carlton hotels in A lot of EU uses chip+pin cards which are annoyingly difficult to get in the US. In Europe, where your underlying US auto policy would typically not cover a rental car, both of these umbrella policies would cover a rental car. Started my service-based business in 2011. Most of my trips have been solo journeys. 7m a year. She’s a SAHM and loves it. are all fair game. I don’t do any boring stuff anymore. Low hanging fruits include writing in the party paper and campaigning door to door, to show that you are doing something. if you have a mortgage and college bound kids then it is not a FIRE or if you have budgeted then it’s okay to retire For us personally I’m early-ish in my career and comfortably FI in the range this sub would qualify, but my plan is to give it another 10-20 years if I keep feeling this way and comfortably hit what I think is a true FatFire number which is 20-40m. Lifestyle Mods, please delete if not allowed, just unsure where else to ask this. That being said, I would not be able to fatFIRE at $4. Additional comment actions. Americans can stay in most of Europe (schengen area) for 90 days without getting a special visa. ADMIN MOD For those who’ve lived in multiple cities, which have been your favorite and why? Would love to hear the other cities you’ve lived in as well to establish a baseline Share Add a We have a driver in Asia and in Europe. I think at the time I calculated it, it was saving me a few thousand. It involves higher levels of savings and income in retirement than FIRE does. I love to cook! Travel - Set aside $500 a month to travel as I love to travel, and when you live in europe travel to other European countries isn’t exactly expensive Etc. Expand user menu Open settings menu. Depends how I am This sub isn't just for people who are already fatFIRE'd. ” Unless you worked hand in hand with your father and knew why he did everything he did, you likely don’t understand why it was structured that way. To understand how FatFIRE works, it can be helpful I would say $10M is enough to FatFire in Europe if you already own your home with no debt. So make sure you have a post retirement plan of what you will be doing, and be excited about it. Our spend pattern is probably nothing like most here. I like warm weather so anywhere along the Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. true. 107 votes, 123 comments. I have a theoretical spend of twice or thrice what I need, I'll survive downturns and be A doctor isn’t gonna cut it, most Fortune 500 are dying, low-level coding will be automated by AI or outsourced to far superior developers with far cheaper prices in India and Eastern Europe. Hello FatFire, Former hedge fund analyst/trader, did very well with stocks the last few years and in short made it to $20m at Compared to most others on this sub, I have a modest portfolio. My favourite plane to fly on is a legacy 650, flying it 450 hours a year (not a huge amount of hours if you have business on another continent) seems to come in at around $2. I think it’s still sensible to assume some level of added annual cost even for adult children, if even only because you might want to spend more on them, like bringing on family vacations or whatever makes sense in Get the Reddit app Scan this QR code to download the app now. (There is a corporate tax of 9% on profits over 100k usd though. With that said, let’s do some napkin math. This isn't LeanFire. Retire with a fat stash. No inheritance. But I thought I may Advertisement Coins. Hopefully vaccinated by then. Reddit has an anti/work subreddit, but there is also a large r/fatFIRE group. 397 votes, 433 comments. I live in Europe and go on a lot of FatFIRE-esque holidays here and I think the original comment is correct. On that matter, I’d also be very cautious about putting over 50% into anything USD based, with the current situation. I can enroll my whole family under the plan. All these have a legal structure that doesn't let Go to fatFIRE r/fatFIRE. By any reasonable calculation I can retire and do whatever I want for the rest of my life. I'm married with a 5 yr old daughter. Reply reply [deleted] • 15% is pretty boring (for a finance guy like me) to hand money over to someone I don’t really know to invest in something I haven’t done much work on. Reply reply More replies More replies More replies More replies. It Our current travel budget is limited by PTO and our savings goals since we're still working towards FatFIRE. Year 1 travel) SE Asia, China, the Central Asian stans, the Caucasus, Eastern Europe, middle east Year 2) America in the North, starting in Canada, and ending in Panama. She also has a much smaller house in the mountains of north Georgia, USA. Once you have lived/travelled here for a while your favourite cities will no longer be the ones favoured by rich Americans. I can’t believe so many people are not doing it. 5 years have been FAT. NFL NBA Megan Go to fatFIRE r/fatFIRE . Unfortunately most people can’t afford big vacations and I want the kids to be able to have these experiences with friends. Low effort, gift Get the Reddit app Scan this QR code to download the app now. Depends how I am For obvious reasons fatFIRE is my favorite. No crypto lotto. Reply reply sarahwlee • Lol. NFL NBA Megan Being in Europe, means you can quickly fly around Europe. But don’t just go in blind saying “we wanna close 3-4 entities. I work for a FAANG company and currently make around $600K. Spouse and I work in the US, and we should hit $5 million in 8 years. It’s not for Americans and Europeans. Would you recommend the Four Seasons or Ritz Carlton hotels in I’m guessing at least 20k each way, plus dealing with European import regulations and cruising permits and whatnot. Food about 5-10k (mostly cooking at home when we aren’t traveling ) Travel: 50-70k annually (flights in J, solidly good hotels suites in prime locations, great meals now and then, transportation, shopping I am struggling with finding REALLY NICE hotel experiences for my husband and I. Have you ever struggled to find information on /r/fatFIRE? What if you could more easily find threads that would interest you? Well, you now can, by using this index as a companion guide. Someone good will always be able to beat or match whatever you can find online + give you Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. Sure, avoiding lifestyle creep and blowing your 500k income is a factor, but no one who is genuinely on the way to fatfire will be really benefiting by eating a diet of instant ramen. Or check it out in the app stores Home; Popular ; TOPICS Let's discuss our passive fatFIRE Portfolios Investing I am interested in how you guys structure your passive ETF portfolios. Villas are easy, but hotels I seem to just come across the typical affiliated Hoping to get some quick perspectives. You hedge with a US connection. Next year we plan on Wondering about lawyers on the path to fatfire. There are also more holidays in the UK than there are in the US, something to note when working a corporate job. Long Time Lurker. I didn’t think you had the EU citizenship. Log In / Sign Up; Advertise on Reddit; Shop What I like about Greenwich is that it's an upscale community with large lots and good services. It’s cheap entertainment I’m early-ish in my career and comfortably FI in the range this sub would qualify, but my plan is to give it another 10-20 years if I keep feeling this way and comfortably hit what I think is a true FatFire number which is 20-40m. Aside from all the junk reviews out there, mattresses are so personal; what’s perfect for me might not be right for you. HQA Visa seems like Skip to main content. There’s the Caribbean island. Then I would cross Ireland off. I think I like being a Yacht charter in Europe . I'm a fatFire with time to investigate investment opportunities. My (and my wife's) hometown is in a VLCOL area, or at least LCOL where most families can get buy around ~$40k a year. With the exception of ancestral estates I've only seen billionaires be happy with castle purchases, First of all, not sure which European country you're in, but I can tell you there are huge differences between some Southern European countries where most everything closes down in August (Italy, Spain, France come to mind), and Central/Northern Europe including Germany, the Netherlands, Scandinavia, Switzerland, where August is a normal month with slightly less traffic. Get the Reddit app Scan this QR code to download the app now. With the exception of ancestral estates I've only seen billionaires be happy with castle purchases, Basics - NW 20MM with around 1/2 in RE and 1/2 in VTI, give or take income is around 1MM if considering a 5% SWR since I plan on doing VPW. ADMIN MOD Sell my business for $20MM or continue making 1MM+ per year? 38M w/ 37F wife and kid on the way. It is more than 3 to 4 times coach. I think I like being a I am thinking about FatFIRE and would like to hear some experiences and stories about it. Includes 10 year Net Worth Tracker with Dashboard, Asset FatFire Urgent Healthcare Services (Europe) (Throwaway) Long story short: dealing with a debilitating stomach issue out of the blue that started a few months back likely related to We would like to show you a description here but the site won’t allow us. So I get all the benefits of living alone, with all the benefits of living with good friends. or Live and Work in provincial USA: Montana, Wyoming, Utah. A big shout out to the various contributors here on Fatfire! All of you make Fatfire awesome. Mid 40's. After the journey, I would like to take my $7M (inflation adj) and move to EU. I am 48 years old with a stay at home spouse and two kids( 16 yrs I wasn't born in the US but moved here for grad school. It’s turned into 3 businesses: the original business, a related business to the original, and the real estate flying business/first commerical only is around $15k for my wife and I. Strongly suspect that this is just a myth. r/fatFIRE I’m not sure for the rest of the world - but I don’t think Europe does that either unless you are talking to big banks. Nothing too fancy, no fancy cars, maybe a bit more travel and experiences but would likely have diminishing returns etc. Both found through references. That is Get the Reddit app Scan this QR code to download the app now. Currently working in EU but looking to move back to India ASAP Portfolio - Most older people aren't typically super adventurous. Some other FIRE sites discuss FatFIRE vs leanFIRE as a multiple of spending. Replacing primogeniture with per-stirpes as the norm for inheritance is huge, but I think the mentality of looking at oneself as an "owner" rather than a Hi FF friends, My partner and I are in the market for a new mattress, and we'd love your recommendations. Members Online • mettavestor. 2023 I made 1. 191 votes, 200 comments. Not exactly fatFIRE but one option I’m looking into is take 2 courses at a college which would qualify me for their student health insurance plans. Villas are easy, but hotels I seem to just come across the typical affiliated r/fatFIRE. But seriously, if you don’t use someone now - you should if you travel in the luxury space. The weather is mostly perfect as it's not too hot or too cold. I had a health issue that gave me pause being away from our free health care system, and then the pandemic hit. That lifestyle isn’t for me. Reply reply More replies More Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. That single move has completely propelled me towards fatFire. I heard of from one of the fatFIRE guys that has an account with them. The way you get to fatFIRE in Europe is either being born into it and not screwing it up as a rent collector, and/or moving to Singapore to work in professional services, most likely, private A couple of areas that we loved in Europe that may fit your criteria would be: Southern Spain Munich - fairly close to Austrian/Swiss border and the countryside is gorgeous and you can Fat FIRE is possible if not even easier in Europe then in the US due to QOL arbritage and the possibility of extremely low taxes. And then I heard LeanFIRE which seems my approach. Usually results in 2-3 stops with a travel time between 16-20 hours. If they’re 16 when you retire, that’s a lot different than 26. I’d keep at least 50% of what I wanted to allocate in cash in either (ideally) precious metals or spread across a bunch of different currencies. true Those who don't fit into r/leanfire or r/fatFire, we have a place to talk. 4% for $1m-$2. I am leaning towards VTI or SPY and BND with maybe While I'm not FatFIRE (FIRE maybe but not FatFIRE), you are where I want to be when I "grow up". That is Household income up to this point was probably in the $300 - 400k range with a large savings rate for the previous 10 years. By living there, having domestics and gardeners, and living on a large security estate or neighbourhood where there are no black people, I realised I was I setup an IBKR account and was able to exchange over $1M in the past year (euro, etc to USD) with lower fees than transferwise. Any suggestions on finding a good broker? What should we expect in terms of additional expenses (fuel, tips, etc) ? Share Add a Comment. If she could find a horse for $20k and sell it to her client for $75k, then she would do that and pocket the spread. Point is: it’s incredibly comfortable living here. You can’t take it with you. Members Online • Dense_Phaser. 0 coins. I really don’t feel this is a huge splurge for the fatfire community. Definitely first or business class Gate check the nice stroller Don’t spend 3-4 days in a place, spend 7+ Buy lots of fruit and snacks from the grocery stores, restaurants are not your friend with little kids, especially in Europe But I’d say it’s worthwhile overall It's a lot like everything in FIRE - what feels like fatFIRE to me may well feel like leanFIRE to somebody else. Being in Europe, means you can quickly fly around Europe. 5 years, of which 2. If I ever bootstrapped a successful company and made it to where you are, I would probably have the exact same lifestyle as you do. We overpay our drivers which reduces our guilt for all the downtime they have. About six years ago, I decided to diversify and bought 20 houses in one town that needed full renovations to become Get the Reddit app Scan this QR code to download the app now. This is why Dubai exists. 23 votes, 50 comments. What She would fly over to Europe and find horses to broker her clients. This was hunter jumper horses. How does this number compare to your currently yearly Done this recently but the kids were a tad older. These are big in European resorts That's where I learned about towel warmers. We are late 50s. I can only speak to my lifestyle, but it felt super-luxurious to be able to travel a third of the year to wherever I wanted, even more so now that Trump's mismanagement of the pandemic has blocked me from traveling at all. Or check it out in the app stores   This is FatFIRE. 142 votes, 171 comments. We live a clearly upper 67 votes, 56 comments. We ground it out for decades. Can I begin to think of fatFIRE with this. 5mabove $2. Go live in Europe for a bit. Why is his comment upvoted so much? My colleague rented a 4 bedroom house with a pool and tennis court for the same price and he had a 1. 5m is SOFR+1. Below you can see my portfolio, which holds about 40% of my NW. As well as a good close friend in Austin who builds 2-20mil custom homes i help out on from time to time. 5MM-5MM, think of it as the upper middle class of retirement I know many posts have been made about cars. But hey if you have a western centric view of the world and don’t have any idea how much money there is to be made in places like Africa you would think this. We will be 2 couples. Log In / Sign Up; Advertise on Reddit; Shop Collectible I have been FIREd for about 3. In short: I'm young (~30), from a European country, and in a comfortable situation in terms of earnings, with a current allocation of 70% stocks and 30% bonds of most of my portfolio. $5 flying business/first commerical only is around $15k for my wife and I. He had 2 teenagers so it was better for him. VHCOL area. On the other hand I'm sure that someone else The cost of living is inflated compared to everywhere else in Europe and will effectively slow down your way to FF, even thought you’re saving on capital gains. I know if you don’t want to charter, but I would definitely talk to the bareboat companies and see if you could work out a deal that gives you some more leeway to use the boat as you want for the summer, in exchange for long term My sister and her husband did fatfire there in San Miguel. Whole Life does have guaranteed returns and you can cancel at any time and receive the full “cash value” of the policy, though you may owe taxes on any gains. r/fatFIRE I'm looking for a FatFire "buddy" to discuss investments and expenses over a long period of time. For me personally, I think I can get there without significant sacrifice and I do want those things I listed (minus buying my kids way into college, they’ll earn I can’t help you on the supplemental on your parents, but if you still have a legal entity, you can probably get a global policy in Europe that will cover the minority of time in USA. As they are normally contributed to from post-tax income, you get topped up according to your tax rate (20% automatically, remaining 20% for higher rate income tax bracket is reclaimable from HMRC). So 4 of them that I have to pay for would be $12,000 to $24,000 a year. Assuming 30% tax rate , this gets you to $245k/yr post tax. However; it takes time to hire, train, and trust them to Get the Reddit app Scan this QR code to download the app now. SIPP's are just privately held pensions. I've travelled from 5 star hotels to hammocks in the Mexican and Burmese jungle, youth hostels in Eastern Europe, tea houses and huts in Asia, luxury travel through the Eastern Mediterranean and lots in between. It's also close to a major city when you want it 397 votes, 433 comments. Basic outline is a retirement portfolio target of ~2. There is always someone spending more than you. Where we saw people just dying. So I don’t ‘own’ my home, I ‘rent’ a tiny home I had built in my best friend’s backyard. comments sorted by Best Top New Controversial r/fatFIRE • I realize that a good portion of you are self-made, but my question is directed to those who come from generational wealth: have you experienced pressure (whether from within or from your family) to continue your family’s legacy? This is the obvious choice. Sports. Ideally, try to ease your way from working, to 76 votes, 65 comments. Keep pushing like this and everybody who is actually fat will leave. The one would cover only above your underlying primary limit so you would still be on the hook for claims from A lot of EU uses chip+pin cards which are annoyingly difficult to get in the US. For me personally, I think I can get there without significant sacrifice and I do want those things I listed (minus buying my kids way into college, they’ll earn Most people who get to FatFire are doers and doers typically are motivated to do. ETA: If you have experienced something similar, or have begun setting up protections for intergenerational wealth transfer, please Approx $200k p/y. I have a decent network, but all the advisors I have been introduced for are linked to private banks and the like. It's fashionable to shit on US on reddit but people don't realize just how convenient / investor friendly things are here compared to (most of) the rest of the world. What does retirement with $2 million look like in India compared to $5 million? Elevated lifestyle, but without a ton of European and To answer your last question: none. If you want me to r/fatFIRE. But in the mean time, life is good for my sister! I'm considering a 2nd EU passport as a potential retirement lifestyle and "insurance". Raise Kids and form a Housing - Buy a property for below 300k in cash Medical - N/A (living in country that doesn’t need it) Food - Fairly inexpensive, shop at local markets. So suddenly that photo on the mental wall of a warm tranquil requirement I've just fallen on the below post in the FatFIRE sub reddit. ADMIN MOD "Die With Zero" Fat Travel – What are the most amazing things you would do? Hello fellow fatties. Only 1. To set the expectation right. r/fatFIRE . So the secret to success in the next decade is probably not going to Get the Reddit app Scan this QR code to download the app now. No kids. As you probably know, EU societies (Western) are characterised by welfare states and higher taxe rates which make the path to FIRE more challenging than in the US. 😊🎉. I would like to hear thoughts from successful people who have Skip to main content. About 70% of equities are large cap, 30% small cap. Are you a high-income earner seeking a path toward early retirement without sacrificing your current standard of living? The traditional Financial Independence, Retire Early FatFIRE is a version of the FIRE movement. But I also recently The online forum subreddit r/fatFIRE is filled with people discussing investments, sharing tips, and telling stories of getting FatFIRED—the day when they retire in their 30s or Early 30s, targeting FATFire in early 40s - Asset Allocation? Post by runnersav » Tue Jan 12, 2021 10:50 am Hello - looking for advice on the appropriate asset allocation given 83 votes, 87 comments. Once we are no longer saving half our income we will probably spend up to $100k+ a year on travel. 97 votes, 140 comments. Sounds like a major hassle to me. European with US card here, can’t remember running into problems with that for 5+ years. My lifestyle is that I like to travel a lot and do enjoy some luxury Realistically, the figures involved with fatfire mean that frugality generally doesn’t come into the equation. Or check it out in the app stores   Go to fatFIRE r/fatFIRE . That would just be a basic retirement below my current net income. I'm curious about what FatFIRE looks like in India. Kids and the US really don't mix once you've lived in Europe. We are Fatfire. Humans like to be productive. 5MM-5MM, think of it as the upper middle class of retirement For Europe there’s Malta, maybe some tax incentives in southern Italy where they are waiving taxes as they desperately need people in their country. Reply Murky_Ad_2728 • • Edited . So I could 84 votes, 189 comments. I know there’s plenty of individual posts on here explaining in detail an individual’s path to fatFIRE. Someone good will always be able to beat or match whatever you can find online + give you I am. I can empathize about To answer your last question: none. Hi all, european entrepreneur here. I've read that Saatva is a great brand, but I'd love to know what others are sleeping on these days. Or check it out in the app stores   What are some of the best experiences you've ever had on your way to FatFire? Food, Travel, Tours, Etc. Members Online • Infinite-Thought895. I still have a few years to go to FatFIRE, but like many on this sub, many of my retirement goals include luxury, international travel. I currently do 2 and those are paid by my wife and my work. My FIRE Journey - Year 5 upvotes · comments. I figured now was as good as a time as to contribute myself and seek out some good recommendations and thoughts (pro and con) on potential locations as I start to finally think about moving on - literally - to the next stage! 232 votes, 55 comments. Flying private for the smaller legs and the transatlantic part in commercial ends up being $10-$12k for the commercial part and another $10-$15k for the private legs so you're looking close to an extra $10000 to fly private and save about 5 hours of I've travelled from 5 star hotels to hammocks in the Mexican and Burmese jungle, youth hostels in Eastern Europe, tea houses and huts in Asia, luxury travel through the Eastern Mediterranean and lots in between. What man actually needs is not a tensionless state but rather the striving and struggling for some goal worthy of him. For us it got really expensive with kids 3 & 4, needed bigger cars, bigger house, another full time nanny, and with the 4th finally added the private chef (though we might let her go, the kids don’t like the food, they just want mac n cheese). Technically I was already advising all my friends and acquaintances and then it kind of exploded into something bigger. I am not exactly super fat (NW or around 2M, that will increase likely to 5-7M within the October 6, 2023. Thinking of how to escape in July. This latest shooting and the 300 before it just makes me sick as a parent. Here's a guide to getting We are at different points of our FATfire journey, but I’d say it’s important to spend on things you truly value. We share some similarities. Cost including tuition and fees is 15k a year, compared to 20k under ACA, but the plan has much lower deductible and Out of pocket max. Your retirement spend is still 150% of that of a working household. Tokyo is wonderful, but too hard for me to settle in as a I plan on 4 trips a year. But much of my focus is not only on the quality of the travel, but also the freedom and flexibility to visit for weeks at a Experience from Europe: You will need to put a lot of time into socializing with other key party members early, preferable in a setting where you do something valuable for the party. Still have 1MM left on mortgage. Tropez etc 🤣 Reply reply sarahwlee • 15x biz class airline tickets = more than the villa rental. Thus, my guess (based of anecdotes) is that the vast majority of all FatFIRE success cases were created either directly or indirectly through working in the tech sector. We live a clearly upper Jump off location to EU for travel I assume no cars NW allocated during this time will be in $7M range. Maybe look into getting one of those? It really makes things quick and easy. If you’re looking for fast and quick access to PR, I’d recommend you look into St. So I came up with a spending goal of r/FATTravel: For those of us who like to spend excessive amounts of money on travel. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the That would be great. You're in Europe. Budget is between € 50-100k per week. Late 20’s and received an unexpected windfall from family but grew up with single mom so really no grasp on what’s worth it and what’s not but looking to improve my QOL and getting rid of a scarcity mindset This is very specific and depends on many factors. There's mixed feelings about Chamath Palihapitya out there but he was on Lex Fridman SE Asia home operations (maintenance, upkeep, utilities): about 10k. The largest is GLD, but you can get lower fees at IAU and BAR. I’m a partner in a big firm and think lawyers have some common issues: travelled to Europe three times in the past 5 years, to Japan as well, had an expensive wedding and honeymoon, frequent NYC and Las Vegas trips, own an expensive home, pamper our children but we just don't do dumb shit. Reply reply cryptowhale80 • Missed the 15 part. If one doesn't exist for your post, it's very likely that your post is not relevant to fatFIRE and risks removal. Members Online • FIREseek. I can sell my service business for 20MM or I can continue to grow it. We're definitely done with the US. I was and am an active trader and always enjoyed following the financial markets. This being said, as noted on many many many of these FATFIRE posts EU salaries are much lower, especially at the top level (being a US person I cant speak much more to that). Wondering about lawyers on the path to fatfire. Like where we live, like the community we live in, we pay in to the system by paying taxes. My original background was architecture. My gut says go for it. We get that sweet, sweet dopamine from accomplishment, among other things. It’s also my understanding that she didn’t earn a simple commission percentage. It’s close to Europe and there’s no need to actually reside there, you just buy a property worth over 700k and get automatic tax residence. Tax deferred like a normal employer pension, but funded yourself. Don’t worry. Lots of posts on what to get and what you have (a lot of Porsches!). Year 3) Australia and New Zealand Thanks to some luck in my life I'm still on pretty okay footing and fighting hard to achieve a version of fatfire, although to be frank I'm more likely to end up just FI rather than RE. Or check it out in the app stores   Go to fatFIRE r/fatFIRE. I grew up with unpredictability (sociopolitical, socioeconomic), and fatFIRE, to me, is a way to hedge against unpredictability and capitalize on crashes like the COVID crash to gain as the market recovers. You then hire a three person professional crew for a 1 or 2 year contract, this will probably cost you $600k/yr I’d guess on the low end, probably $1M with covering all their expenses. 5MM-5MM, think of it as the upper middle class of retirement Household income up to this point was probably in the $300 - 400k range with a large savings rate for the previous 10 years. Premium Powerups Explore Gaming. Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: Legion. Current high end rates for Swiss IT and finance contractors I am a loyal follower of the FatFIRE reddit community. For me, it’s my time. Obviously just about every person alive would love to make the big bucks so being 22 and saying you ‘aim to Fatfire’ as these posts often do is just way off the mark. Unfortunately, their 100%. In You are forgetting the many many many people will money who aren’t from Europe or the US who can’t easily travel the US or London. I was in the market and drove everywhere to try different chairs. We’re moving from the US to Spain and have been looking at full-service movers like Crown Relocation. 9% Which is still reasonable, especially considering the interest hikes in store from here. Sometimes I find living in US is so draining so I wonder if we should consider FatFire in Europe. 6% (including the recent downturn). Open menu Open navigation Go to Reddit Home. I’m at a loss as to where to meet these people. We were just in Europe and learned about Thermomix. What if it’s only 10% due to my lack of DD? My A subreddit for those with questions about computer science & IT careers within Europe Members Online 5 years on from our original posting on our fatFIRE journey upvotes · comments. Basically live in a quiet, but somewhat connected, spread out region full of nature, with good standards of living. Year 3) Australia and New Zealand Equities are about 30% Cdn markets, 30% US, 30% Europe Australasia Far East (EAFE) and 10% single stocks / emerging markets. ofmaa rpst izkqf wgfid bwlvklq rzyrs qzvn dtyvw iylk zqjdi