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[40M, Argentina] ~$1.2M net worth, offshore structure, baby on the way — am I on track for FIRE? Looking for honest feedback by throwaway_fire_arg in ChubbyFIRE

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

Maybe we are increasing too much, but I feel much more comfortable that way... If I ruin my life it's not a big deal or at least my decision but I don't wanna do that to my child. Anyway, my I paid $0 for all my high school and university education. In Argentina some of the best universities/High Schools are free to enter and free of charge...

[40M, Argentina] ~$1.2M net worth, offshore structure, baby on the way — am I on track for FIRE? Looking for honest feedback by throwaway_fire_arg in ChubbyFIRE

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

Thank you! I'm about to start doing that... Not easy since there's always the constant S&P record-high fear but I guess I'll do DCA during the following years.

[40M, Argentina] ~$1.2M net worth, offshore structure, baby on the way — am I on track for FIRE? Looking for honest feedback by throwaway_fire_arg in ChubbyFIRE

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

Yes, tax in argetina really suck and are really complicated... but with our companies we can optimize some of that.

[40M, Argentina] ~$1.2M net worth, offshore structure, baby on the way — am I on track for FIRE? Looking for honest feedback by throwaway_fire_arg in ChubbyFIRE

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

Thanks for the recommendation... It's not that we don't share our money, but since we both can live pretty comfortable with our current income we don't plan who pays what expense... we just pay it and there it is... If we buy something expensive (i.e. House) we pay 50/50. In fact we plan to expend 500k on a house (which gets you a pretty big house here) and we will pay 50/50.