8 Levels of Financial Independence (Fat FIRE vs Lean FIRE)

[@FIREPsyChat]

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[@lookingglassra4946]

If fat fire is ~$6m, what should we call people with much more than that? Obese fire?

[@FIREPsyChat]

Still Fat

[@brtecson]

@lookingglassra4946 idk but I'm accepting donations🤣

[@CalebInvests]

Thicccc FIRE 😊

[@Nelsonevasquez]

Good content

[@stocksxbondage]

Worth mentioning that you SHOULD do this in your taxable brokerage account instead of retirement accounts to avoid taxes and fees when pulling before age 59.5. Long term capital gains tax is 0% for earnings under 41.5k a year (83k for married couples). Yes that is tax free in a “taxable” brokerage account! If you put that same money in a Roth IRA, you’d be paying a penalty for early withdrawals. The LT cap gains tax bracket will only increase with time. By the time you save a million, the 0% tax due will probably be between 0 and 60k+.

[@devonk2724]

Hi there! Is this particular spreadsheet available (with the different FIRE type tabs)? I didn't see it on the resources page. Thank you!

[@attorneyaviator1318]

Wow. I remember when you FatFire number was 2.8M. That’s what high inflation does.

[@FIREPsyChat]

100%

[@g9625]

1st class for overseas flight? No way, get the coach seat up front with the extra leg room. Almost as good as first class. The seat is only $75 extra.

[@Jericho9696]

Uhh for Fat FIRE I’m taking first class. Forget that $75 “premium” economy

[@glasshalffull2930]

Fly a foreign carrier. Depending on the airline, coach is really good, but flying business or coach on a foreign carrier is great!

[@samdxb911]

crazy a first class ticket international is over 10k for few hours less than 24 hours , a rolex is 10k or more but stay for life you can even pass on to your kid or ressell in case something happen aint now way im paying for first class maybe business international if the price is alright