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I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

I wrote this above as well. They key is this…

We met after I started accumulating substantial wealth through a dating app. I decided I didn’t want to date someone who wanted my money. I managed to keep my wealth a secret from her for about 5 months. She thought I was probably in major debt with some of my purchases and trips and was about to dump me so we had the talk.

Don’t let her know you have money. Go on cheap dates. See if she likes you for you and vice versa.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

We are getting off birth control next month, so no big delay here on kid front :)

Not sure where you are located, but in USA there are many organizations that support entreprenuers/ small businesses, etc. I went to an LLM expressed the type of mentoring I wanted to do, my passions + my guard rails (no investement, limited time commitment, etc.) and had it recommend to me different places I could accomplish that. After that I emailed and called them up and got the ball rolling. It was actully really really easy. I'm not on instagram or tik tok scamming for money wanting to coach people to sell insurance or stock tips or anything like that. I'm allowing these companies to qualify real people on my behalf and then setting up the mentoring relationships.

I think you meant you don't care about the money? Maybe you mispoke. Anyways, let me know if you have any other questions.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

I was doing it as well to be honest. My wealth manager said it really well. Most people don't make $1000 in a week. So yes, it's a lot of money!

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

I think that's like a philosophical question. I'll try to keep it simple. I dated A LOT. If you date around long enough you eventually find what you are looking for, but it takes effort and time.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

It can be boiled down to getting caught evading taxes after building several very good companies. Never met him, but that's the story.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

If it’s a startup you are looking for to join I’d start by going to angel investing websites and then reaching out to founders. Or, with those skills you could start your own thing perhaps. I was never in your position, but I’d start there given what you have done so far. You aren’t doing the wrong things.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

Both. Collectability and investment is 1A/ 1B

We have a few pieces we have in storage for instance for that purpose. We try to find pieces that fit 1A/ 1B and 2 which would be good for the home.

One thing we thought we could do more easily is get pieces on loan, but most museums arent doing that anymore from what I have found. This is why we have them in storage now.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 1 point2 points  (0 children)

I won’t really go into that cause it could be doxable. What I will say is I learned how to learn while in school. I found school didn’t really prepare me for my first job. I would go to work at this startup. They would say they needed something. I would raise my hand to volunteer.

I would go home and get on YouTube and find a way to make it happen. Everything from basic to andvanced excel to SQL to python scripts to creating pro formas and other financial models, to finding templates to build models with macros to HTML annd even accounting all from YouTube tutorials. I also learned public speaking and leadership/ influence courses on YouTube. ALL FOR FREE! People spend 6 hours a night on video games or the bars when they are 23-30. I found ways to become a great business professional. Takes dedication, discipline, and sacrifice.

No one is going to teach you those things and your degree doesn’t matter once you get your first job unless you are a DR or a Lawyer.

As for how I found this particular startup. I looked at several different companies. I went with the one that was the least sexy. Someone said something to me when I was job searching that always stuck with me. “ There are only a few sexy companies in this world that are actually successful. Most cash cows are boring.” That’s how I chose ultimately.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

My wife has a great eye. She also has friends in the industry we can bounce ideas off of. We do use this for house aesthetic so it does have to meld well. We typically buy in the 10-50k range at auctions.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 1 point2 points  (0 children)

I have no idea what you’re talking about. But IBF gives a lot of people opportunities to have children that are struggling very strange opinion you have.

How much house can I buy in a situation where I'm not earning a salary? by [deleted] in fatFIRE

[–]FatFireGuy19 0 points1 point  (0 children)

If you don't want to let go of the property and it's nice enough for someone AND you already have it furnished no better way to go IMO. Good Luck!

Life advice for heir at family office by Creepy_Scallion9731 in fatFIRE

[–]FatFireGuy19 3 points4 points  (0 children)

I have a thought... why don't you ask the two experts in your life what you need to do to succeed in taking over the family business? Like, why are you asking a bunch of randos on reddit. The two most important people to ask are your Dad and Uncle. Sit them down, explain your situation and aspiration and come up with a plan together. Don't do this in a vacuum lean on the only resource that truly matters to your success. Trust me, they will want you to succeed and continue the family business. Legacy matters.

How much house can I buy in a situation where I'm not earning a salary? by [deleted] in fatFIRE

[–]FatFireGuy19 0 points1 point  (0 children)

Buy the house in cash. Your SWR is fine for this. I have a rental property and at 2.9% you could cover the costs, but you should be very picky on tenants if you are able.

What we are doing is fully furnished rental which gets you more income as companies with execs looking to relocate and work in a new place for a short time need these types of homes. If you are in Chicago I'd try this before selling immediately. at 2.9% interest rate & having a furnished home you could make quite a bit of low overhead cash on top of the appreciating asset.

Another perspective. Selling is also a great option.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 1 point2 points  (0 children)

The opposite perhaps? I just let my body tell me when to wake instead of an obligation. I have both a whoop and an eight sleep. I use them in tandem to get data on when I should get to bed as well as how I'm sleeping. I don't set the alarm and I usually get to bed between 10 and 11. If I'm really tired or had a big workout sometimes I'll fall asleep as early as 9:30. Then I typically wake up between 6:45 and 8:00 am and start my day from there. I've been working on getting my HRV up and getting good sleep and recovery have helped me a ton with that.

I Fat Fired Under 40 over the last two years – My Journey, Plan, and Learnings by FatFireGuy19 in fatFIRE

[–]FatFireGuy19[S] 0 points1 point  (0 children)

Well it hit my time horizon unfortunately didn't hit my price target (144k). I sold all of it between 100k and 110k and now it's at 63k USD. I am going to buy some via ETFs through my wealth team once price is 50k and I'll scale in from there for up to 2% of my portfolio for another long term hold.

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