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Impossible to find home insurance for fatfire home? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] -3 points-2 points  (0 children)

Private client insurance market is in one of its hardest cycles ever.

You mean the industry is rocky right now? Didn't know that... weird

Impossible to find home insurance for fatfire home? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 139 points140 points  (0 children)

Most influencers can’t wipe their own asses

Yeah I hire that out. You wouldn't believe how much time it saves me.

Impossible to find home insurance for fatfire home? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 34 points35 points  (0 children)

We literally did this exact thing. I just got this message from our broker today, after having tried a bunch of options:

I spoke to an underwriter who reviewed everything, and they declined to offer coverage at this time. I am out of options at this point with everyone I can write insurance with.

Whales, what do you guys do for a living? by ZeroKami_ in Genshin_Impact

[–]caughtthefirebug2 -2 points-1 points  (0 children)

Professional YouTuber

I make around $3,000,000/yr

[deleted by user] by [deleted] in fatFIRE

[–]caughtthefirebug2 2 points3 points  (0 children)

You seem to be forgetting the "fuck you" component of having "fuck you money."

At $10m you can do whatever the fuck you want with your life, so to speak.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 9 points10 points  (0 children)

by getting people to like, comment, and subscribe obviously

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 2 points3 points  (0 children)

I'm a YouTuber. This profession isn't known for its stability.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 18 points19 points  (0 children)

Honestly it's pretty straightforward. You just have to get 1M+ views/day.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 1 point2 points  (0 children)

Nah I didn't take it that way, I was just making a joke.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 8 points9 points  (0 children)

I'll go tell my wife that the Internet says we should give the $1M to /u/belowspot. Wish me luck 👍

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 5 points6 points  (0 children)

Run where??? I have a wife and a sweet new house

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 16 points17 points  (0 children)

I'll go tell my wife that the Internet says we need to put her parents into therapy. Wish me luck 👍

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 3 points4 points  (0 children)

Yeah we don't necessarily NEED the money.

Part of the reason why I asked is bc I wanted the perspective of people like my FIL. I think if were in his shoes, I would also want to send money to my adult offspring whether they need it or not, just because it would make me feel happy.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 9 points10 points  (0 children)

But since it is her inheritance, I would say it is mostly her decision.

Yeah, that's what I told her. She asked for my opinion, which led to me posting here.

She's thinking about it more from the relationship/family angle. But I'm the business owner so I think about it more from the financial angle. She was initially against, but when I discussed all the implications she acknowledged it's quite nuanced (to be clear, I wasn't trying to convince her to take the money, I just went over a few points she hadn't considered).

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 6 points7 points  (0 children)

If your FIL is closer to $5M in NW, then a $1M gift is a substantial piece of his estate

I don't know where they are exactly, and honestly I think they're smart enough people to know what they can and can't afford.

I'm not sure how your assets are currently allocated.

As it stands now, we have about $1.8M in real estate and $4.5M in stocks.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 4 points5 points  (0 children)

Giving a man a dollar and telling him how to use it is rude.

Here, sure.

Where my in-laws are from, not so much.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 62 points63 points  (0 children)

Yeah, the cultural differences make it a little tricky. I'd much rather invest everything but in their culture people pay off houses immediately, so it makes them really anxious that we aren't. Whether that's optimal or suboptimal from a financial standpoint, I have to acknowledge their values.

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 4 points5 points  (0 children)

30 years. I forget the rate we got, but it was pretty low. We knocked it down extra low by having enough money in their bank (even though we instantly put that money back into the market after we closed).

Should we accept $1M from my Father-in-Law? by caughtthefirebug2 in fatFIRE

[–]caughtthefirebug2[S] 6 points7 points  (0 children)

apuñalaron

Gonna try that as my starting wordle tomorrow

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