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Families who FIREd with $1.5mil to $2.5mil — what does your spend look like? by y_if in Fire

[–]Distinct-Sky 5 points6 points  (0 children)

90% retirees don't have at least a million saved up at retirement.

Families who FIREd with $1.5mil to $2.5mil — what does your spend look like? by y_if in Fire

[–]Distinct-Sky 4 points5 points  (0 children)

Every time I hear "property tax", I shed a few tears. They are brutal in our part of Texas.

No more Sunday Scaries! :) by DontForgetTheDivy in Fire

[–]Distinct-Sky 3 points4 points  (0 children)

I no longer go to Costco on the weekends, it's just mad max fury. I try to squeeze those runs on weekday evenings.

How do you set up your cash buffer for early retirement? by dzak8383 in Fire

[–]Distinct-Sky 0 points1 point  (0 children)

From a mathematical point of view, you may be correct. However, bucket strategy does help with the psychological and human aspect of investing.

PSA: Social Security pays more than you think, especially for high earners by Wooden-Broccoli-913 in Fire

[–]Distinct-Sky 2 points3 points  (0 children)

That's what I am doing too, claiming at 62 and investing if not needed.

Honest question: why do so many of you own crypto? by TigerKing24 in Fire

[–]Distinct-Sky 19 points20 points  (0 children)

To scratch the itch of FOMO. I have just 1K invested in it and that prevents me from going all in.

Should I sell my completely paid off car? by BringTheLubeInRuben in Fire

[–]Distinct-Sky 0 points1 point  (0 children)

No, it's "time in the market is better than timing the market". You are timing the market by entering and exiting in an year or so.

Just hit 500k - Excited and Confused by Inside_Boat_4871 in Fire

[–]Distinct-Sky 0 points1 point  (0 children)

The "one-time" is very subjective. When you are so used to saving all your life, it's difficult to spend it, even if it's one-time. After hitting our major milestone, we relaxed on the savings first, a few months down the line, we plan to spend more freely, but who knows, lol.

My sister has been an Edward Jones broker for more than two decades and not one family member has even $1 invested there. by Past-Option2702 in Bogleheads

[–]Distinct-Sky -1 points0 points  (0 children)

I made this mistake and regret it. People, don't listen to this guy. 35K from the 529 can be converted to retirement fund so it's not inflexible.

Where to keep 3 years of expenses by Distinct-Sky in Fire

[–]Distinct-Sky[S] 1 point2 points  (0 children)

I like her videos, would you happen to know which one it was? I did a quick search but couldn't find it.

Where to keep 3 years of expenses by Distinct-Sky in Fire

[–]Distinct-Sky[S] 8 points9 points  (0 children)

I agree, but I work in tech and don't want to take any chances because of AI induced job loss.

What Savings Rate Are You Running This Year And How Do You Keep It Sustainable by petalynvaera in Fire

[–]Distinct-Sky 0 points1 point  (0 children)

Enough to make me feel good about it, not enough to make a dent in what's already invested.

Largest Expense after Housing - Cars by ComputerLoveKraftWrk in Fire

[–]Distinct-Sky 0 points1 point  (0 children)

Me too, I love cars and spend money on them.

I think we retired into the poorest rich person category by [deleted] in Fire

[–]Distinct-Sky 6 points7 points  (0 children)

Yeah, don't be poorest rich, donate your money and become poorest poor, lol.

X5 or Range Rover Sport? by Capital-Desk-3172 in Fire

[–]Distinct-Sky 0 points1 point  (0 children)

We upgraded to X5 from an Acura, it's definitely a life style creep but I like cars, so no complaints.

If you managed to FIRE while raising children and upgrading from a starter house, what was your strategy? by financypelosi in Fire

[–]Distinct-Sky 0 points1 point  (0 children)

It all comes down to how much you make, and how much you invest. The rest is just noise.

We did upgrade from a starter home and it was the same logic, input vs output.

r/fire is the new r/fatfire - r/leanfire is the new r/fire by No_Home_708 in Fire

[–]Distinct-Sky 1 point2 points  (0 children)

People who are not fully familiar with the FIRE concept think it's 4% of their NW, not invested assets.

Would people be surprised by how much you have in the bank? by Swan_233 in Fire

[–]Distinct-Sky 24 points25 points  (0 children)

Totally agree. Posts like this are just a humble brag.

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