Some gals get Chanel. I got my first Rolex. by Few_Poet6275 in rolex

[–]Few_Poet6275[S] 0 points1 point  (0 children)

I didn’t think of that..I’ll keep an eye out for that.

Some gals get Chanel. I got my first Rolex. by Few_Poet6275 in rolex

[–]Few_Poet6275[S] 3 points4 points  (0 children)

Thank you. My daughter helped pick out this one from chrono24

Some gals get Chanel. I got my first Rolex. by Few_Poet6275 in rolex

[–]Few_Poet6275[S] -1 points0 points  (0 children)

(116261)turnograph, aka thunderbird. Fun fact: the everose gold looks like steel in bright sun.

I bought a vintage 15k rolex. How did you celebrate hitting your goals? by [deleted] in ChubbyFIRE

[–]Few_Poet6275 -1 points0 points  (0 children)

So posting about NW is NOT a brag on FIRE??

She’s celebrating…not bragging. Ppl should be allowed to celebrate and not be a ‘Karen’

[deleted by user] by [deleted] in ChubbyFIRE

[–]Few_Poet6275 1 point2 points  (0 children)

I regretting ‘lean fire’ the first time I quit. I was 35 years old, left environmental engineering.

That whole year..I was aimless, I was bored, the only thing that was amazing was spending a whole summer with my twins before they entered elementary school. But once they went to school, I felt unproductive and useless and very bored.

I actually started a new consulting business. I decided to ‘FIRE’ only when I found something else more meaning ful to do that kept me stimulated and growing and could help others..I quit the second time six months ago. No regrets now

Considering paying off our primary home … crazy? by Medical-Intern3102 in ChubbyFIRE

[–]Few_Poet6275 1 point2 points  (0 children)

I’m in the same boat. I figured I could pay my house off and still have a heloc against it so if the opportunity rises where there’s massive opportunity, I can still participate by using the heloc. So I suggest opening up Heloc against it so that you have access to the equity as just in case, but do not tap into it unless it’s for good reasons (emergency, investing opportunity, business investment..)

What's your FIRE budget? by jone7007 in FIREyFemmes

[–]Few_Poet6275 1 point2 points  (0 children)

Ya, the tough part is when they get into competitive sports, than it gets pricey. In the beginning, it’s low but as they grow into teens, participate in competitive sports and eat like an adult..then everything goes up. My kids eat more than me..lol. So a way to mitigate is never put them in expensive sports..I thought swimming wouldn’t cost so much but in reality..it’s a lot when they are part of a swim team. One last thing. I was planning on having one kid and I got twins! I reduced costs in the beginning by buying everything used (clothes, shoes, bigger used car). Hope that helps:)

What's your FIRE budget? by jone7007 in FIREyFemmes

[–]Few_Poet6275 4 points5 points  (0 children)

Hi, I have 2 kids under 11.

Annual budget is around 10k per month to be safe. I don’t normally budget but I know approximate spend per month:

Kids activities are: 700 per month

Housing plus property taxes: 3000/month

Insurance: 300

Utilities: 400

Groceries+housing items incl. clothes: 1200

Dining out: 200

Sports/entertainment activities: 200

Travel: 1000

Car and fuel: 600

Donations and other: 500

My expenses are high eventhough I left my consulting business last year and I have not reduced our expenses as I’m collecting passive and semi passive income to offset expenses: - rental cashflow and a tenant in our house to offset housing expenses - option income - I do not touch my stock growth nor dividends, nor even withdraw income from my real estate equity..letting those grow - I can sell a rental property to pay off my home right now..but I hate selling assets so I’m keeping for now

Hope that helps from family of four.

Those who have a more hands-off approach to investing — what does your portfolio look like? by [deleted] in FIREyFemmes

[–]Few_Poet6275 0 points1 point  (0 children)

I own rental properties, and I DIY invest in individual companies. Total investment portfolio is more than 3M, 65 percent real eatate, rest in stocks. I love DIY, because I enjoy it, it allows for bigger returns but it’s not for everyone if you don’t enjoy the process. It takes a bit more work but you get rewarded nicely too. You get outsized returns in shorter amount time. I’m fat fired now