Managing $1.1 Million Assets | My Fat FIRE Net Worth Update at Age 36
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Күн бұрын
@FIREPsyChat Жыл бұрын
What's your FIRE number? Get your free financial independence resources at www.firepsychat.com/contact.
@ti3ger Жыл бұрын
Such an inspirational video. Thank you!
@athenaabarnes Жыл бұрын
Great breakdown ⚡ Congrats on your progress so far! I'm aiming for barista FIRE ($500K) at this point. I want more flexibility while I'm still young. FAT fire would be ideal, but I cannot imagine working as I do now for much longer 😅
@FIREPsyChat Жыл бұрын
Awesome that you’re doing Barista! Rooting for ya!
@attorneyaviator1318 Жыл бұрын
Congratulations on becoming a millionaire!! Big milestone. Love how you told your journey-from over 100k in debt to millionaire. Impressive!! Gives me motivation to continue on the journey.
@FIREPsyChat Жыл бұрын
Thank you! I never once mentioned I’m a millionaire in the video because I want people to really focus on the process of making FIRE. We still got work to do 💪
@matts9728 Жыл бұрын
What % do you place in individual stocks vs. Index/ETF? I typically stay pretty light on individual stocks.. around 5-10% of investments. The rest is index/etf
@waltertoki1 Ай бұрын
Assuming a steady 8% yearly gain is very optimistic. The SP500 on average can increase about 10%, but there can be bad years where a market downturn takes 5-10 years to recover to its previous high.
@NoFlyDrone Жыл бұрын
6:38 If you stopped working at age 45 are you going to be drawing from your retirement account?
@FIREPsyChat Жыл бұрын
I will be eligible for some of the Roth conversions after 5 years. I did a video on it here: kzfaq.info/get/bejne/jd2YrddqlcC2ink.html
@MrDarkBM Жыл бұрын
I can’t wait to move my money out of TSP.
@burnabyguy Жыл бұрын
8% is aggressive
@FIREPsyChat Жыл бұрын
How so? You’re going 5%?
@ivan-681 Жыл бұрын
I normally use 7% in my retirement calcs but 8% seems reasonable as well
@jamsrandorjbatbayar3652 Жыл бұрын
I don't really get why you are putting your wife's 401k into this video
@FIREPsyChat Жыл бұрын
Because we are retiring together. Do you plan your retirement with your spouse?
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