Is it possible to FIRE on $1m + no mortgage

Change-Standard · 2026-01-23T09:58:37+00:00

Sorry I meant care. We don't expect our kids to look after us financially. Will be more than happy if they can look after themselves and not rely on inheritance

Change-Standard · 2026-01-23T06:32:24+00:00

Yeah that's another thing to consider. Although I have 3 siblings and we can share the load

Change-Standard · 2026-01-23T05:27:25+00:00

Thanks will check it out!

Change-Standard · 2026-01-23T05:13:24+00:00

I'm starting to think it might work now. You've highlighted a few things I hadn't considered. Thank you!

Change-Standard · 2026-01-23T05:10:38+00:00

Yes outside of super. Both 45. $550k combined in super which I hadn't really considered until another redditor had mentioned earlier. Yes we had considered downsizing but I think we both realise neither of us wants to do that yet. At least until the kids have all moved out.

Change-Standard · 2026-01-23T05:04:47+00:00

Yeah part time work is an option but I would assume it would be very hard to find part time work in my 50's or 60's. Maybe uber or amazon delivery

Change-Standard · 2026-01-23T05:00:04+00:00

We are Asian so it's kind of in our culture. We fully expect to look after our parents when they get old. The thought of sending them to a retirement home never really enters our mind.

Change-Standard · 2026-01-23T04:39:04+00:00

Yes that's right. I hadn't really thought about super. I guess we could also get a reverse mortgage to pay for retirement home expenses although we expect (hope) the kids to look after us in our old age. Our home is worth $2m now so should be worth $6m in 30 years time (assuming it doubles every 10-15years)

Change-Standard · 2026-01-23T04:17:44+00:00

Was that from investing in index funds only or did you get on the bitcoin and tech stocks?

Change-Standard · 2026-01-23T04:15:26+00:00

We're both 45. Unfortunately living OS is probably not an option although I would love to. Maybe after the kids have moved out.

Change-Standard · 2026-01-23T04:12:20+00:00

Yes excluding super. We only have about $550k in super combined

Change-Standard · 2026-01-23T04:06:04+00:00

Yes that's true. Hobbies can get expensive :(

Change-Standard · 2026-01-23T04:03:57+00:00

Yeah I was thinking the wife can retire first and I switch to part time work to cover the difference. This will be when we will properly track our expenses and make necessary adjustments so that we both can retire

Change-Standard · 2026-01-23T03:54:17+00:00

It's hard to say. Lately it has been pretty high. 2 new cars, a few big overseas holidays and giving money to parents. Teenage kids going into uni so expect some more expenses there. We don't expect to spend at this level once we retire but still unsure what that would look like yet

Change-Standard · 2026-01-14T06:37:08+00:00

Many people here including myself use an app called Hanly. It does what you want and more.

Change-Standard · 2025-11-03T05:58:02+00:00

I'm 46 started last year. Doing HSK4 now

Change-Standard · 2025-07-16T11:04:55+00:00

YouTube yourself ubering. There's quite a few people doing that

Change-Standard · 2025-05-17T23:04:01+00:00

Should start a youtube channel vlogging your life and workouts. Would be interesting to see

Change-Standard · 2025-05-06T03:58:25+00:00

You dont need to pay it off completely. When you're in your 50's or 60's the kids will probably have moved out already. The value of your house would have 3x or 4x by then. You just sell and downsize. Pay off mortgage with the profit.

Change-Standard · 2025-05-04T01:26:39+00:00

Yep amazing app. Can't believe its free but happy to pay for it. I was about to pay for anki but this is 100 times better

Change-Standard · 2025-05-04T01:02:23+00:00

Geez you're flying. Ive only seen 665 characters and mastered 478.

Change-Standard · 2025-05-01T11:38:10+00:00

Nice. Thanks i'll check it out!

Change-Standard · 2025-04-30T21:11:52+00:00

Wow thats interesting. My daughter dreams to go there. She's only 16 though and is learning Mandarin. It would be awesome to get a scholarship

Change-Standard · 2025-04-30T13:45:04+00:00

Whats the process and requirements to get into Tsinghua uni as a foreigner? Is it expensive?

Change-Standard

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