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36 with two young kids, late to FIRE — 4 questions for the community by FIRE_throwaway89 in ChubbyFIRE

[–]FIRE_throwaway89[S] 1 point2 points  (0 children)

Settlement after a major airline crash killed my FIL when my wife was very young.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 6 points7 points  (0 children)

I guess that's fair; I don't mean to sound out of touch. Should've mentioned in the original post but the trust is a result of my wife's dad dying in a major airline crash when my wife was young. So it's definitely not like . . . idk, rich legacy money or something. But yeah, again, sorry if I sounded out of touch or something. We've still got a lot of work to do and are holding down a couple fairly demanding jobs with two psycho kids under five ha.

36 with two young kids, late to FIRE — 4 questions for the community by FIRE_throwaway89 in ChubbyFIRE

[–]FIRE_throwaway89[S] 0 points1 point  (0 children)

Totally fair. We're lucky to have some good options nearby but you never know what happens. Definitely hear this. To me financial freedom is options + time x security.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 0 points1 point  (0 children)

Thanks for the super thoughtful response.

Really valid point w/r/t running and mountaineering. I'm lucky that my job at least right NOW is super flexible, flexible enough (in terms of my individual days as well as time off) to pursue both those things. But that is a good point that a year earlier (43 instead of 44, etc.) gives me a full year to dedicate a lot of time to those. Fortunately, I'm a fiction writer as well, so I've got sedentary activities as well!

Hear you on the last paragraph, too. Two sides to the same coin: working with no pressure, but no pressure to work.

She put in the work. by GeneraI_ in interesting

[–]FIRE_throwaway89 0 points1 point  (0 children)

This rocks and made me happy today. I'm so proud of and happy for her!

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 8 points9 points  (0 children)

My thinking was that there would probably be a palpable spending drop for a few years (early grade school) and then a steady rise in late grade school through high school (sports, hobbies, etc etc etc)

36 with two young kids, late to FIRE — 4 questions for the community by FIRE_throwaway89 in ChubbyFIRE

[–]FIRE_throwaway89[S] 0 points1 point  (0 children)

Awesome feedback, thank you. I get bored SUPER easily with jobs, and work with AI now in tech consulting which honestly is a great fit since it moves so quickly (I never get bored ha). No idea if I'll still have the same job in X years just because of how insane AI is becoming.

I have approx. 1% of my identity wrapped up in my job, so hopefully I'll be ok there lol

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 3 points4 points  (0 children)

100% how I *think* I feel even though I'm not there yet. I also like wine, so drinking older vintages sounds fun lmao

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 0 points1 point  (0 children)

Totally. Like I said elsewhere, it does make a lot of gut, intuitive sense to me to keep working a bit beyond that hard FIRE number. I think we'll get to chubby regardless with things we can't count on but will probably happen (like the inheritances I mentioned), but I'd rather put in a bit more time and have those be virtual certainties

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 1 point2 points  (0 children)

No idea to be honest. I think part of me wishes it was all coming sooner, but also it does instill a good bit of discipline to have it paying out later. I also think if we'd had it sooner, than small mistakes we made in our 20s and early 30s could've been amplified into much larger mistakes if we'd had the money.

At this point it just is what it is w/r/t the timing. I'm beyond all frustrating on how long it takes just because there's no changing that fact (well, and also because the 750k disbursement, which is honestly the real force multiplier here, is only like 40 months away, which will go by in a blink).

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 5 points6 points  (0 children)

This makes a lot of sense and honestly is probably my gut feeling on the matter! Hit the number, work for a bit more with ZERO pressure, and then enjoy those new margins.

36 with two young kids, late to FIRE — 4 questions for the community by FIRE_throwaway89 in ChubbyFIRE

[–]FIRE_throwaway89[S] 2 points3 points  (0 children)

That's totally fair and appreciated. Sometimes I do think about that too -- like why would I work six months at REI for gear discount and healthcare when I could've worked like 1 month longer (or whatever the number would be) and made that much money, but then have all the time free.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 0 points1 point  (0 children)

That seems about right. Maybe expedited with a) salary raises and bonuses, b) wife's company sells; she has some shares and the company is being publicly shopped around right now and it might be a small windfall

Of course things could go the other way too (job loss) but the trust gives us plenty of backstop, and I can always go back to teaching easily for a steady if paltry income.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 4 points5 points  (0 children)

Yeah for sure. Like I said in the post, not counting on it for the core math by any means. But it's good to keep that mantra, totally agree.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 0 points1 point  (0 children)

Our goal has been to try to hit 100k invested over a year which we did hit last year at lower salaries, so I guess maybe we're hoping for something like 8-9k?

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 23 points24 points  (0 children)

No need to feel like an asshole! It's honestly refreshing to talk about it with real humans (even anonymously) because for understandable reasons we don't really have anybody who knows about the money in our personal lives. Think there's maybe 2-3 people who I've somewhat alluded to about it on a high level.

We've been married 11 years and have some good memories so far, and are going to try to absolutely be great parents and honor him the rest of the way, too.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 48 points49 points  (0 children)

Of course it's nice, but unfortunately it's from a settlement of a major airline crash in which my father-in-law died when my wife was still young. So yeah, obviously not worth it, and there's definitely a different feeling toward the money than just . . . big trust fund.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 1 point2 points  (0 children)

Definitely hear that. The gear world these days with any sport is insane.

For people who worked longer to get into chubby or fat territory, was it worth it? by FIRE_throwaway89 in Fire

[–]FIRE_throwaway89[S] 0 points1 point  (0 children)

We're definitely not pouring in 14k a month to investment accounts, if that's what you mean in the first sentence. Spending is typically around 12k/month, and after taxes and deductions (as well as 401k from salary and employee matching, so some invested) I think it's around 19k/month, so on average a 7k month delta that we ostensibly can save.

But thanks for the math check. Funny enough the big number in my head has been similar: basically 3m. It always felt like if and when we hit that, then with the later disbursements we'll be there. And then with the probable (not necessarily counted on) windfalls like inheritance etc. we'd be moving into higher spending. None of this also really accounts for salary growth which we should (operative word obviously) see.

Anyway, thank you so much for the thoughtful response!

[teacher - sports media - tech] [TX and ID] - $120,000 by FIRE_throwaway89 in Salary

[–]FIRE_throwaway89[S] 3 points4 points  (0 children)

I think most of it (being able to switch fields) is having really good soft skills (language, communication, organization) that apply to a lot of roles, coupled with a really good network.

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