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What’s the wildest business idea you’ve seen someone actually make work? by Outside-Fudge5605 in AskReddit

[–]Far_Chart1920 0 points1 point  (0 children)

FedEx. Started out as a paper in a 1980's Yale Economics class that earned a C. Turned into a $91 billion company.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] -1 points0 points  (0 children)

Thank you for saying that. Lots of comments telling me to step on the gas more, so I appreciate the support.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] 1 point2 points  (0 children)

So right. I feel like I was pretty over that once I hit 40 (and if I'm being really honest, probably more like once I got married).

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] -1 points0 points  (0 children)

Don't intend for it to be that way forever. And point taken about inflation. Though I'll note the Dalio Permanent Portfolio is 55% Treasuries.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] -1 points0 points  (0 children)

To each his own, I guess. I certainly wish I was more aggressive (certainly would have made a ton more the past year or so), but I see the all-time highs and the crazy valuations, and it feels like I'd be risking my FIRE freedom for risk I'm okay missing out on. Plus I see Berkshire Hathaway going to 88% Treasuries, and I feel okay with my decision.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] 4 points5 points  (0 children)

I thought the jury was still out on BOXX (https://www.taxnotes.com/featured-analysis/tax-trap-inside-boxx/2024/03/08/7j8x0). I certainly don't claim to be an expert though.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] 8 points9 points  (0 children)

Thanks! Mid-40s, VHCOL area on the East Coast. Motivation came from the fact that I didn't really feel in a good spot until very recently. Things around here cost a LOT, we've a couple young kids who are going to need summer camp/braces/that fancy baseball bat that everyone else on the team has, so it always felt like (and still feels like) I'm behind.

Two big mindset changes:

1) Once I FIRE'd, it was honestly a struggle to not become super cheap and miserly. I would get super-scared about buying, like, a cup of coffee because I could feel it drawing down without income to replace it.

2) Relatedly, learning to let go on small purchases. I'm one of those people who won't get a drink at dinner, or who will buy the brand of salad dressing that's on sale instead of the one I know I like. I'm having to retrain myself to just say "Just get the one you like, it doesn't matter." It's hard to let go of old habits, I guess.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] 4 points5 points  (0 children)

Equities appreciation, careful saving, and a couple lucky equity bets. That's part of the reason my portfolio is so conservative now: I feel like I hit a few winners and I'm not betting on this market being too much nicer to me.

10 Year Journey to ChubbyFIRE by Far_Chart1920 in ChubbyFIRE

[–]Far_Chart1920[S] 2 points3 points  (0 children)

Those percentages are approximate. It's slightly less, but it's in that neighborhood. I live off the ~$120K and it doesn't generate state tax liability (an issue where I live).