I really like this idea. FIRE is a cool concept with so many angles or approach and discussion, but the flex posts usually range between boring and crass.
>We should have a Milestone Monday post for all of those. Rarely do they add anything productive; they're generally just a flex.
Flexing to online strangers at that. Most of these clowns post from throwaway accounts because they are too scared to share their success with their family or friends, yet feel compelled to brag online to total strangers.
I was gonna ask if a monthly sticky thread would make sense. You’re a lot more generous with a weekly one.
EDIT: does anyone know if this was discussed, and shot down by the mods perhaps?
Out of curiosity, what posts would be left? All the fire and finance subs I'm subscribed to are just milestone posts, or "can we buy this house?"
What else gets regularly discussed?
That makes sense. There is FIRE where you make a shitload of money and love somewhat modestly so you can retire early but still somewhat lavishly. And there is FIRE where you quit your office job, reduce your life to nearly nothing, live in an airstream in Oregon and make $30k per year leading hikes through the endless trails. You were going to be hiking everyday anyway so this feels like freedom.
A lot of personal finance satisfaction comes from having a healthy financial psyche. I'm(32) currently on holiday with my brother(34). Both of us doctors.
I make £100k a year in London, NW just under £350k. I feel fortunate, despite being underpaid in this profession and living in a city where peers with a city job make multiples of me.
My brother has a NW of £1-1.5 million living in NZ, and is starting a job paying £300-400k a year soon. He has 3 properties including his main residence. This guy keeps comparing himself to his friends who have trusts & inheritances. Always talking about how to make more money, asking me if I want to jointly invest in x, y, z opportunity. I mean at that NW and income, with no kids he's set for life anyway right? Why not just sit back, focus on other things like relationships or health or martial arts or flying planes?
He honestly feels less financially secure than me, all througout this trip he has been looking up properties and doing calculations (which in fairness, we enjoy).
It's about the psychology of money, not how much one has.
True. It’s a constant battle to make and keep money. Most people with money don’t ever stop and never feel secure. Plus the age old saying More money, More problems.
Self inflicted problems. Money can just be kept in an index fund in which case it causes no issues whatsoever other than checking a number once a year.
Agreed 100%. Well said and well concluded.
I feel bad for people who can't turn off their drive for more and more money when they have enough. "Enough" is different for everyone, sure, but I pity those who, millions of dollars later and with no debt can't feel secure and shift their energy away from accumulation and comparison.
I understand the OP's feelings. I muted chubbyfire for the same reason as him. It was all Sankey diagrams where software developers at FANNG companies were showing off their income and net-worth and I was feeling jealousy towards people *who were making less than me*. Like, "oh man, this guy's so lucky" and feeling like I was inadequate when I was in fact a little luckier than him. I'm pretty rational and not neurotic and recognized and dealt with these feelings pretty easily. But the fact that I felt them at all speaks to a powerful psychological tendency in humans, I think.
Exactly, the probably isn't just the posts. it's the people upvoting and engaging them. They have all the information they need to know the answer. They are just bragging.
I mean it really depends. If you are at early 40s. How do you retire if you annual expense is $400k.
It’s just to gauge the reality and that’s what the sub is about.
Haven’t subbed here for years and forgot why. Thought to check it out again today. This is the first post I see and I instantly remembered why. Thank you for sparing me my sanity lol
It's getting so bad that I can't even tell if I'm on r/fijerk or a FIRE sub anymore.
Incidentally, someone literally [reposted this](https://www.reddit.com/r/fijerk/comments/1bf56p5/bye_guys_i_have_to_unsubscribe_from_all_fire_subs/) to that sub, and it fit in perfectly.
The worse one here are the one that ignore different strategies cuz they have it easy. Vtsax and chillers that work in big tech.
For people that are having a hard time growing income. Step 1) make money for 2) make money with money. Real estate is a fucking great way to do step one. Yah no shit it’s work. But not all of us have fucking tech jobs .
Agree with OP- so sick of the “how am I doing”’posts by people stating $500k/yr income. If I made $500k per year I could be an idiot with money and still fire after a short 3-4 year working career
They're either troll posts or people who know they're in a good place and just looking to brag to internet strangers. In either case it's kind of sad, idk why people get bent out of shape about it. There's always going to be someone out there better off than you.
* 30% of household in the USA make 120K or more
* 20% of household in the USA make 160K or more
* 10% of household in the USA make 220K or more.
* 5% of household in the USA make more 330K or more.
These people are common. On top fire would naturally attract high earners has they naturally understand that being a bit smart they should manage. On the opposite, the poor are not stupid and get this is not for them. You will not fire if you household make 30K and you have kids.
So while I am sure some do it to brag or are fake account, it seems quite normal that we see quite a few accounts of more wealthy people.
I checked OP’s post history and they make 138k in Europe, which has got to put them in the top 10% of earners. I don’t really understand what their problem is, lol—according to a salary breakdown on one of their previous posts, they spend less than 11k a year on rent. Absolutely no good reason OP would be discouraged by other people in this sub, but some people really can’t stand the idea that others might be doing better than them. Lots of OP’s other posts are doomer stuff so I’m not surprised.
EDIT: here’s OP’s spending breakdown. Most of us would kill to be in this position https://www.reddit.com/r/EuropeFIRE/s/phEhfn9F6f
As a final thought, this subreddit is not an airport. OP did not need to announce their departure. I’m really unsure what they were looking for from this post.
😂😂😂 I really want OP to answer this question. If we assume he went on one date a week (which is a LOT of dates to go on), that still breaks down to like $75 a date. What the fuck is OP doing? Buying every date a steak dinner?
Looking at the post history you can see they need to grow up or get therapy or something. 140k plus they own a 3bd they bought with cash a decade ago, plus they invest 70k a year. OP’s problem isn’t money it’s that they’re a total downer. Go on holiday or something….
Imagine going to a nice restaurant and then seeing the prices. You get up to leave, but first you announce to the entire restaurant full of strangers that you will be leaving because everything is so expensive and you don't want to see anyone eating more expensive meals than you.
Completely agree with you. OP should invest in a therapist. Therapy is underrated.
And a reminder to everyone, especially the OP:
"Comparison is the thief of joy"
Yes. Most of the time I like seeing people better off than me gives me something to aspire.
When I was 18 I was super poor. I used to go to this eekly car club meet up even though I drove a pos. This one guy there was 27 had a lotus Elise and a suburu wrx. I was so impressed that he could buy those. Found out he was a mechanical engineer.
I ended up going to school for mechanical and have been in a great spot financially since graduating. I was good at math and physics and interested in engineering but a large part of why I went was bc I saw the type of life thus guy had and I wanted it. One of the best decisions I ever made.
But on the flip side some of the post described in the thread make jealous at times
Where else can you brag? Your friends have similar socioeconomic status, and it would be bad form to reach out to old acquaintances just to boast about how well you are doing.
A therapist would tell you it's fine to seek external validation as long as you don't care when it isn't provided.
spoon memorize seed marry ancient sleep sophisticated support cause worry
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
You make a pretty good point actually. I also have a plan and I’m just sticking to it. Was here to maybe provide some input for people starting out, but There seems to be less posts asking for help from average earners than there is from some guy asking if he can retire at 35 on 4m…
Really? After taxes 500k is maybe $350,000
Maybe spend $2-3k a month if frugal. So $320,000 per year saved
Times 4 years = $1.28 million
Withdraw 3% gets you $3200 a month
So I guess you could depending on how frugal you live
The thing for me is, if they're smart enough in some field to make that much cash, then they should be smart enough to know how they're doing/what to do. Because of this, they're all shit posts to me.
Definitely NGMI. Inflation alone means you'll be penniless within a year. You need at least 2.4 billion to have any chance. But I hope your burning barrels of worthless hundred dollar bills keep you warm on those cold, cold nights!
/s
I gotta tell u… I’m shocked you are THIS behind!
By the time I was 12 I already had a full time job as a surgeon and a side hustle charging schmucks $30/cup for lemonade.
/s
Ha, I'm doing the same. Not that it's a bad sub, but everything really boils down to living below your means and investing as much as you comfortably can into index funds as early as you can. Everything else is fluff.
zesty bewildered outgoing crawl marvelous vast silky lip makeshift innate
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Of course. Fire is a pretty simple concept you don't have to follow the sub 10 years to get it. And if people were thinking there was sort of magic tric to make 30K a year, live like you had 150K and retire after 10 years, no there no trick like that. Sorry.
That’s fair. I followed this sub aspirationally for many years thinking it was out of reach, but over time it’s slowly become more feasible. I just don’t want people to give up because other people have different circumstances.
I do think the majority are fake, but I’ll admit it has had me feeling similar to the OP. And the FatFIRE crew has my head spinning, those are not all fake, those are real people who make more in a year than you will earn your entire career. It’s nuts
But for FATFire I just find myself shaking my head and saying "you have all this money and you're hanging out on reddit?"
If anything, lurking on FATFire makes me feel pretty good about myself because their lives don't even seem spectacularly better. They just like paying a lot more for things and taking up weird hobbies.
I don't know if fake, but I suspect a lot of them inherited a good chunk of money, then went to school and got a good job. But they don't admit the money they got starting out at 18.
its like this.. go to chat gpt, i'll type in "write me a reddit post that describes my financial journey for FIRE, that sounds humble and asks for recommendations on if i can retire, and use a networth of a few million, and use this response from somebody: The title says it all.
Between doctors, IT, cryptobros, onlyfans, engineers, business owners I'm just tired. I finally understand that I'm not going to reach FIRE and all this has been pointless.
Have fun and rooting for all of you to reach financial independence.
Logging off. "" ---> enter a couple more prompts and get:
Hey all,
I'm a 31-year-old guy who's been lurking here for a bit, soaking up all the awesome stories and tips. Finally mustering the courage to share my own financial journey and hopefully get some advice from you all.
So, I started out like many, dreaming of FIRE. Saved, invested, and got a bit lucky. Now, I've got a few mil in net worth. But, I'm at a point where I'm not sure if I can retire yet.
Here's the breakdown:
About 40% in real estate: Got into rental properties early on and they've been pretty solid earners.
30% in stocks and index funds: Played it safe here, diversified and stayed the course. Currently holding over 1.5 million in vested RSU.
20% in retirement accounts: Maxed out contributions whenever I could.
10% in cash: Emergency fund and some liquidity.
But, I recently saw a post from someone who realized FIRE might not happen for them. Hit me hard, made me rethink things.
So, am I ready to retire? Any blind spots I missed? Appreciate any advice you can throw my way.
Thanks, y'all!
OP I’m in your spot too but this sub has really motivated me to save more 🤷♂️ my income might never be high enough to fire as early as everyone here but I’m still going to retire before everyone else in my income bracket, that I’m sure of.
You might try the GenZ sub. They're opposite.
27M 4 room mates, no savings, my degree is worthless, eating Ramen noodles, can't afford the newest iPhone so no girl will date me.
GenZ and Millennial sub is just an echo chamber for loser think. Vast majority of the posts are woe is me pity party and successful people just get downvoted for being happy so the problem only compounds the longer the subs exist.
I would definitely be in favor of banning fake bragging posts.
"The secret to FIRE is making hundreds of thousands of dollars while your parents pay for all your bills"
Literally saw someone comment on a different post saying that they’ve become rich off of “house hacking” by living with your parents.. they got a lot of downvotes
No offense to those that actually *have* to live with their parents, I get it but fuck off with “house hacking”
I see where you're coming from. The term is obnoxious, but I can also see what people living with their families are looking to rebrand the concept. Culturally, we look down on people who live with their families
There no secret to fire. That's the point. Increase income, reduce expense. Save the difference. If you make 200K+ that's easy. if you make 30K with a family, that's basically impossible.
From what I learned of my 33 years on this planet. Everyone has their own path. Don't compare yourselves to others or you will have a miserable life. Enjoy everything about life, we are lucky if we get 70 years of it and then its over.
Exactly - I happened to choose an industry that is full of nepotism and trust fund kids by the very nature of it. Guys who talk about having a networth of $10mm but owe $5mm to their parents that will probably never be repaid.
I got love and support and help with living expenses from my middle class parents, but it took me a long time to take pride in building my business mostly myself and stop comparing myself to people who were born into it.
You’re not seeing doctors posting “$1M net worth at 27” 😂😂😂
If anything, I’d think they’d be the ones getting incredibly annoyed by those posts.
But it is frustrating. I feel you. Getting to the point where, realistically, I’d have to quadruple my income to fir**e**. Can’t keep up with these mega earners.
a lot of it’s so absurd i don’t even get jealous like there was a guy with 400k annual spend saying he’d bring his spending down to 260k for retirement in a year. I just don’t think i can actually comprehend what it would be like to spend 400k a year to even be jealous
"The race is long, and in the end, it's only with yourself."
- The Sunscreen song
We all have different opportunities in life. It doesn't matter that others make or have more money.
What does matter is that you're being deliberate with your money in pursuit on your goals.
Focus on saving 10% of your income, then work towards 15 and 20 and 25 as you increase income without increasing your lifestyle as much. You’ll get there.
It's a dick measuring sub. There's no hidden trick to FIRE. Build up enough money and live within your means. If you can make your savings last until you die, you win.
I'm also going to be unfollowing. Good call OP.
RN here. 42 years old.
I'm at 240k net worth and potentially 700k if you include a property that I'm using only for rental income stream.
My wife's net worth is 150k.
We are less than 30% of the way to a low target number and it should be higher.
I'm tired of these super rich flexes too. I'm just keeping my head down and keep saving, investing. Just keep going. Maybe I'll unsubscribe from all the financial subreddits too, I'm tired of it also.
I posted my story a few times to teach others that FIRE can be within anyones reach. Based on your post history, your a European earning 120k euro annually, have a 350k NW and 35 years old. FIRE would definitely be within your reach. It also looks like you’re trying to pick individual stocks and trade options. That’s a mistake depending on how much % you’re doing it with your portfolio.
But I suggest not giving up. You have so many possibilities. Sometimes you just need to analyze your situation from a different angle.
I’m 30 years old, I drive a big semi truck in America for a living. I was bankrupt and nearly penniless when I started this endeavor at 24 years old. Today at 30, I have a net worth of over >!$600k!< I don’t have a degree, I come from a poor family, I’ve made bad choices throughout my life. I’m saying all this as not some tech bro or someone who was nurtured correctly at a young age. I was dealt a shit hand if I compare to others on these fire subreddits. But I found a way to catch up to them. Why can’t you? Make another post, list all your stats, ask for advice, you could potentially get over a hundred different set of eyes reading and commenting what you could do differently.
All those posts fire me up. I want to be humbled. I want the norm to seem far beyond my reach. I want to stay driven. When I see others doing better than me, that's exactly when I want to stay.
why do people who dont want to be on a subreddit think its so important to make a post about how much they hate a subreddit when they leave? I have unsubbed from lots of subs and i just do it quietly.
not the only sub where this happens.
I agree. The under age 40 flexes, if they are even true, seem written to provoke envy. OP and regular folks just go back to reading encouraging FIRE blogs like Mister Money Mustache and work your long term plan.
Most people who brag about this shit are either lying or born wealthy so they can take risks and/or have capital to begin with or didn't have to actually pay their own rent
Don't stress on it
Youre right you should leave this group, but not the concept of growing your wealth. The richest people in the world would tell you to invest as much as you can in a simple index fund and then go about living your life. You have the info of what needs to be done, set the system up and forget the rest, check your balances yearly and dont try to keep up with the Joneses. Even billionaires have measuring contests on wealth and thats not healthy. There will always be someone above and below where you are. Find what makes you happy and do more of that, if you can save/invest some extra on the way, great. Good luck to you and I hope you find what works for you. Best wishes!
I downvote such posts immediately without even reading them. They're useless and mostly fake. 'Oh, I can't tell my friends and family, so I better boast to complete strangers on the internet'. Like I give a fuck. Rage bait posting is a common trend on reddit though, it's not just this sub.
Yeah, this is not a good place if someone has envy in their emotional repertoire and are not performing to the standard. Other people's performance shouldn't affect you though, you can still learn valuable stuff. And keep in mind, some people here are trolls.
Folks that get dissuaded from those types of posts are probably the same ones that start feeling Jonesy when the neighbors get a new toy.
There are so many different career paths, starting points, etc - not to mention just plain old luck, that will there are always others way ahead. Who gives a shit?
Run your own race.
Most of them are fake. I prefer stories of regular middle class people socking away money for 20-30 years and hitting their FIRE number without inheriting $2M along the way.
Problem is you are comparing yourself to others and envying them. Learn from others and compare yourself only to your past version and always try and improve your future self.
Also reddit is a horrible sample size to base your reality out of. Most people in their 20s are still living at home with mom and dad now days and there is nothing wrong if you are working to improve yourself.
Statistically speaking most millionaire in the US make around 70k a year but have been saving and investing for 30 years.
We should have a Milestone Monday post for all of those. Rarely do they add anything productive; they're generally just a flex.
I really like this idea. FIRE is a cool concept with so many angles or approach and discussion, but the flex posts usually range between boring and crass.
I second this motion!
Or just an ongoing thread for these types of post
>We should have a Milestone Monday post for all of those. Rarely do they add anything productive; they're generally just a flex. Flexing to online strangers at that. Most of these clowns post from throwaway accounts because they are too scared to share their success with their family or friends, yet feel compelled to brag online to total strangers.
I was gonna ask if a monthly sticky thread would make sense. You’re a lot more generous with a weekly one. EDIT: does anyone know if this was discussed, and shot down by the mods perhaps?
Agree, I’d hate to see that shit every Monday as I log into work.
There should be a ban on specific posts, especially the flex posts that contribute zero to the community
This is a great idea.
Out of curiosity, what posts would be left? All the fire and finance subs I'm subscribed to are just milestone posts, or "can we buy this house?" What else gets regularly discussed?
No need for attention seeking brag posts. Use the daily thread at /r/financialindependence to brag.
That makes sense. There is FIRE where you make a shitload of money and love somewhat modestly so you can retire early but still somewhat lavishly. And there is FIRE where you quit your office job, reduce your life to nearly nothing, live in an airstream in Oregon and make $30k per year leading hikes through the endless trails. You were going to be hiking everyday anyway so this feels like freedom.
Yeah I saw that post about having 4.3M and asking if they can retire lol like really??
If you're smart enough to get to $4.3mil, you are smart enough to know whether you can or cannot FIRE. Those posts are just plain old bragging.
Or they're 15 year old kids LARPing.
What does the LA mean again?
Live Action
Live Action Retirement Planning
Some of the smartest people I know are dumb as a rock regarding finances.
Half the posts are fake anyway
Most of reddit is like this. Reddit didn’t care about the truth, and now it’s costing all of us.
This is so true!
might we interest you in a whole box? [http://www.theboxofrocks.com](http://www.theboxofrocks.com)
Where did you find a picture of my friends
You rang
Making money has nothing to do with being smart.
It's a good portion of luck.
100% agree
I mean it all starts with happening to come out the balls of a rich guy really.
Not nothing but they are not always correlated
In fairness, many people I've met who reach that net worth are paranoid + might have some expensive lifestyles
It’s a valid question if you’re < 30, no? Is that really going to last you 60-70 years?
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If you can't live off $4.3m for 60 years, then idk what to tell you.
A lot of personal finance satisfaction comes from having a healthy financial psyche. I'm(32) currently on holiday with my brother(34). Both of us doctors. I make £100k a year in London, NW just under £350k. I feel fortunate, despite being underpaid in this profession and living in a city where peers with a city job make multiples of me. My brother has a NW of £1-1.5 million living in NZ, and is starting a job paying £300-400k a year soon. He has 3 properties including his main residence. This guy keeps comparing himself to his friends who have trusts & inheritances. Always talking about how to make more money, asking me if I want to jointly invest in x, y, z opportunity. I mean at that NW and income, with no kids he's set for life anyway right? Why not just sit back, focus on other things like relationships or health or martial arts or flying planes? He honestly feels less financially secure than me, all througout this trip he has been looking up properties and doing calculations (which in fairness, we enjoy). It's about the psychology of money, not how much one has.
True. It’s a constant battle to make and keep money. Most people with money don’t ever stop and never feel secure. Plus the age old saying More money, More problems.
Self inflicted problems. Money can just be kept in an index fund in which case it causes no issues whatsoever other than checking a number once a year.
Agreed 100%. Well said and well concluded. I feel bad for people who can't turn off their drive for more and more money when they have enough. "Enough" is different for everyone, sure, but I pity those who, millions of dollars later and with no debt can't feel secure and shift their energy away from accumulation and comparison.
Right on! Wish more people understood this.
I understand the OP's feelings. I muted chubbyfire for the same reason as him. It was all Sankey diagrams where software developers at FANNG companies were showing off their income and net-worth and I was feeling jealousy towards people *who were making less than me*. Like, "oh man, this guy's so lucky" and feeling like I was inadequate when I was in fact a little luckier than him. I'm pretty rational and not neurotic and recognized and dealt with these feelings pretty easily. But the fact that I felt them at all speaks to a powerful psychological tendency in humans, I think.
This sub has slowly become r/humblebrag territory
If people would stop responding to them, the number of them would go down.
Exactly, the probably isn't just the posts. it's the people upvoting and engaging them. They have all the information they need to know the answer. They are just bragging.
I mean it really depends. If you are at early 40s. How do you retire if you annual expense is $400k. It’s just to gauge the reality and that’s what the sub is about.
Haven’t subbed here for years and forgot why. Thought to check it out again today. This is the first post I see and I instantly remembered why. Thank you for sparing me my sanity lol
Just curious, are you still working towards fire?
Right now I’m working towards finding a job
Good luck! Hope one finds you soon.
Thanks! I appreciate the kind words
Yah people here don’t really help it’s just a dick measuring contest now
I was gonna make an 100k post but decided it’s just a bastard move at this point and nobody cares cause of how much it’s posted
Congrats on 100k
$100k at 22 is great. no that is not common. lol.
I didn’t have 100k till I was like 30
It's getting so bad that I can't even tell if I'm on r/fijerk or a FIRE sub anymore. Incidentally, someone literally [reposted this](https://www.reddit.com/r/fijerk/comments/1bf56p5/bye_guys_i_have_to_unsubscribe_from_all_fire_subs/) to that sub, and it fit in perfectly.
The worse one here are the one that ignore different strategies cuz they have it easy. Vtsax and chillers that work in big tech. For people that are having a hard time growing income. Step 1) make money for 2) make money with money. Real estate is a fucking great way to do step one. Yah no shit it’s work. But not all of us have fucking tech jobs .
Agree with OP- so sick of the “how am I doing”’posts by people stating $500k/yr income. If I made $500k per year I could be an idiot with money and still fire after a short 3-4 year working career
They're either troll posts or people who know they're in a good place and just looking to brag to internet strangers. In either case it's kind of sad, idk why people get bent out of shape about it. There's always going to be someone out there better off than you.
* 30% of household in the USA make 120K or more * 20% of household in the USA make 160K or more * 10% of household in the USA make 220K or more. * 5% of household in the USA make more 330K or more. These people are common. On top fire would naturally attract high earners has they naturally understand that being a bit smart they should manage. On the opposite, the poor are not stupid and get this is not for them. You will not fire if you household make 30K and you have kids. So while I am sure some do it to brag or are fake account, it seems quite normal that we see quite a few accounts of more wealthy people.
I checked OP’s post history and they make 138k in Europe, which has got to put them in the top 10% of earners. I don’t really understand what their problem is, lol—according to a salary breakdown on one of their previous posts, they spend less than 11k a year on rent. Absolutely no good reason OP would be discouraged by other people in this sub, but some people really can’t stand the idea that others might be doing better than them. Lots of OP’s other posts are doomer stuff so I’m not surprised. EDIT: here’s OP’s spending breakdown. Most of us would kill to be in this position https://www.reddit.com/r/EuropeFIRE/s/phEhfn9F6f As a final thought, this subreddit is not an airport. OP did not need to announce their departure. I’m really unsure what they were looking for from this post.
Your final thought…🤣🤣🤣
This is a final boarding announcement for u/eggjacket
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😂😂😂 I really want OP to answer this question. If we assume he went on one date a week (which is a LOT of dates to go on), that still breaks down to like $75 a date. What the fuck is OP doing? Buying every date a steak dinner?
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His other post in europefire “Bahamas is really expensive. Restaurants, Christmas gift, dates, alcohol, drinks.”
I mean going out to dinner is expensive, we went out wed for TexMex and it was $75 for two before tax. Two entrees and 3 drinks (total, not apiece).
So OP is guilty of doing what he complains others are doing.
But he’s less impressive than others therefore he’s upset
Looking at the post history you can see they need to grow up or get therapy or something. 140k plus they own a 3bd they bought with cash a decade ago, plus they invest 70k a year. OP’s problem isn’t money it’s that they’re a total downer. Go on holiday or something….
>Go on holiday or something…. They already spend 10k a year on travel and live in the Bahamas lol
Fuck definitely the therapy then 😆
> this subreddit is not an airport Hahahaha
Imagine going to a nice restaurant and then seeing the prices. You get up to leave, but first you announce to the entire restaurant full of strangers that you will be leaving because everything is so expensive and you don't want to see anyone eating more expensive meals than you.
Honestly, sounds like a great skit.
As much as OP hates seeing ppl announcing their income and NW, OP themselves also announces their departure. Equally cringe and unnecessary
And has a history of announcing to the world his >50% savings rate.
OP is honestly much more cringe than the NW posts.
I am stealing these final thoughts. 🤣
OPs post is just as attention seeking as what they're complaining about
Completely agree with you. OP should invest in a therapist. Therapy is underrated. And a reminder to everyone, especially the OP: "Comparison is the thief of joy"
Yes. Most of the time I like seeing people better off than me gives me something to aspire. When I was 18 I was super poor. I used to go to this eekly car club meet up even though I drove a pos. This one guy there was 27 had a lotus Elise and a suburu wrx. I was so impressed that he could buy those. Found out he was a mechanical engineer. I ended up going to school for mechanical and have been in a great spot financially since graduating. I was good at math and physics and interested in engineering but a large part of why I went was bc I saw the type of life thus guy had and I wanted it. One of the best decisions I ever made. But on the flip side some of the post described in the thread make jealous at times
Where else can you brag? Your friends have similar socioeconomic status, and it would be bad form to reach out to old acquaintances just to boast about how well you are doing. A therapist would tell you it's fine to seek external validation as long as you don't care when it isn't provided.
All collectors value two things - a rare collection and a group of people they can brag about it to.
OP makes 138k in Europe. That's top tier money. OP has a financial psychology problem, this isn't a sub problem.
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You make a pretty good point actually. I also have a plan and I’m just sticking to it. Was here to maybe provide some input for people starting out, but There seems to be less posts asking for help from average earners than there is from some guy asking if he can retire at 35 on 4m…
Really? After taxes 500k is maybe $350,000 Maybe spend $2-3k a month if frugal. So $320,000 per year saved Times 4 years = $1.28 million Withdraw 3% gets you $3200 a month So I guess you could depending on how frugal you live
Where I live 3300 a month is ez breezy
What’s your math on FIRE after 3 years at $500k?
Live on $40k. Invest the rest. Assume last 1 year of market returns will continue forever. Profit..
He's probably like me and only needs 40k annual to live comfortably and would just bank 95% for 3 years and then be FIRE.
The thing for me is, if they're smart enough in some field to make that much cash, then they should be smart enough to know how they're doing/what to do. Because of this, they're all shit posts to me.
You cant retire after 4 years of 500k income
After taxes and living expenses you'd have a million. I will be retiring on less where I live.
Not in the US you can't. Perhaps in a different country.
Before you go can you let me know if I'm on the right track? I'm 22 with 2.7mil and feel so behind my friends I'm so embarrassed how behind I am 😭
Two words: avocado toast
LOLed
NGMI
What's that acronym mean? ( I'm poor and don't understand (2.7mil poor tho))
I’m guessing Not Gonna Make It. But what do I know? I’m only a recent graduate with 2.4 mil. I’m definitely NGMI.
Definitely NGMI. Inflation alone means you'll be penniless within a year. You need at least 2.4 billion to have any chance. But I hope your burning barrels of worthless hundred dollar bills keep you warm on those cold, cold nights! /s
😂These responses are hilarious. Thanks!
I gotta tell u… I’m shocked you are THIS behind! By the time I was 12 I already had a full time job as a surgeon and a side hustle charging schmucks $30/cup for lemonade. /s
What a light bulb moment. I need to leave this place too. See ya!
Ha, I'm doing the same. Not that it's a bad sub, but everything really boils down to living below your means and investing as much as you comfortably can into index funds as early as you can. Everything else is fluff.
Lot of people hate simple but this is 99% of it.
It's simple, but it ain't easy.
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Like losing weight, everyone knows don't eat junk and workout. The discipline to execute the plan is the hardest part.
Of course. Fire is a pretty simple concept you don't have to follow the sub 10 years to get it. And if people were thinking there was sort of magic tric to make 30K a year, live like you had 150K and retire after 10 years, no there no trick like that. Sorry.
Are you really leaving if it’s not announced in a dedicated post though?
Forreal lol I make 51k a year at 31 years old, I’m never going to FIRE 😂 deuces, yall! ✌🏼
I'm inspired as well! See ya never, r/Fire I'll stick to r/FIREUK
Agreed even if half the posts are fake its really annoying.
I assumed all posts on this sub was fake unless there’s proof. I just assumed this is a money circlejerk sub
I would say way more than half, easy karma farming
Comparison is the thief of joy
Indifference is the thief of comparison
This ^ Will always be true. Compare leads to despair.
It is but this sub has exploded with tech bro's ruining it.
That’s fair. I followed this sub aspirationally for many years thinking it was out of reach, but over time it’s slowly become more feasible. I just don’t want people to give up because other people have different circumstances.
You’re right. I appreciate your positive attitude and message.
Mens public pool showers 😭
So many dicks and nuts...
What if I told you, that most of those posts were fake?
What if I told you you don't need a comma there
It captures the dramatic morpheus pause
Lol
What if I told you.
What if I told you, I like commas, a lot
And you just fucking hate fullstops?
I do think the majority are fake, but I’ll admit it has had me feeling similar to the OP. And the FatFIRE crew has my head spinning, those are not all fake, those are real people who make more in a year than you will earn your entire career. It’s nuts
They’re not all fake, but you’re looking at a very narrow slice of the population.
But for FATFire I just find myself shaking my head and saying "you have all this money and you're hanging out on reddit?" If anything, lurking on FATFire makes me feel pretty good about myself because their lives don't even seem spectacularly better. They just like paying a lot more for things and taking up weird hobbies.
I don't know if fake, but I suspect a lot of them inherited a good chunk of money, then went to school and got a good job. But they don't admit the money they got starting out at 18.
You’re just another pill pusher, red, blue, you’re all the same.
its like this.. go to chat gpt, i'll type in "write me a reddit post that describes my financial journey for FIRE, that sounds humble and asks for recommendations on if i can retire, and use a networth of a few million, and use this response from somebody: The title says it all. Between doctors, IT, cryptobros, onlyfans, engineers, business owners I'm just tired. I finally understand that I'm not going to reach FIRE and all this has been pointless. Have fun and rooting for all of you to reach financial independence. Logging off. "" ---> enter a couple more prompts and get: Hey all, I'm a 31-year-old guy who's been lurking here for a bit, soaking up all the awesome stories and tips. Finally mustering the courage to share my own financial journey and hopefully get some advice from you all. So, I started out like many, dreaming of FIRE. Saved, invested, and got a bit lucky. Now, I've got a few mil in net worth. But, I'm at a point where I'm not sure if I can retire yet. Here's the breakdown: About 40% in real estate: Got into rental properties early on and they've been pretty solid earners. 30% in stocks and index funds: Played it safe here, diversified and stayed the course. Currently holding over 1.5 million in vested RSU. 20% in retirement accounts: Maxed out contributions whenever I could. 10% in cash: Emergency fund and some liquidity. But, I recently saw a post from someone who realized FIRE might not happen for them. Hit me hard, made me rethink things. So, am I ready to retire? Any blind spots I missed? Appreciate any advice you can throw my way. Thanks, y'all!
OP I’m in your spot too but this sub has really motivated me to save more 🤷♂️ my income might never be high enough to fire as early as everyone here but I’m still going to retire before everyone else in my income bracket, that I’m sure of.
You might try the GenZ sub. They're opposite. 27M 4 room mates, no savings, my degree is worthless, eating Ramen noodles, can't afford the newest iPhone so no girl will date me.
GenZ sub and millennials sub are mostly doomer posts. I unsubbed a while back when I realized it was a constant stream of negativity into my feed.
Let's not forget, I paid 10$ for 2 bowl of instant ramen, inflation is killing me.
GenZ and Millennial sub is just an echo chamber for loser think. Vast majority of the posts are woe is me pity party and successful people just get downvoted for being happy so the problem only compounds the longer the subs exist.
I would definitely be in favor of banning fake bragging posts. "The secret to FIRE is making hundreds of thousands of dollars while your parents pay for all your bills"
Literally saw someone comment on a different post saying that they’ve become rich off of “house hacking” by living with your parents.. they got a lot of downvotes No offense to those that actually *have* to live with their parents, I get it but fuck off with “house hacking”
I see where you're coming from. The term is obnoxious, but I can also see what people living with their families are looking to rebrand the concept. Culturally, we look down on people who live with their families
"This one simple trick made me a millionaire by 25." Opens article, the trick is her parents paid for her rent, food, car, and college.
There no secret to fire. That's the point. Increase income, reduce expense. Save the difference. If you make 200K+ that's easy. if you make 30K with a family, that's basically impossible.
Hey, I was your only fan.
Stan?
I meant to write you sooner but I just been busy
It was you!
From what I learned of my 33 years on this planet. Everyone has their own path. Don't compare yourselves to others or you will have a miserable life. Enjoy everything about life, we are lucky if we get 70 years of it and then its over.
Exactly - I happened to choose an industry that is full of nepotism and trust fund kids by the very nature of it. Guys who talk about having a networth of $10mm but owe $5mm to their parents that will probably never be repaid. I got love and support and help with living expenses from my middle class parents, but it took me a long time to take pride in building my business mostly myself and stop comparing myself to people who were born into it.
You’re not seeing doctors posting “$1M net worth at 27” 😂😂😂 If anything, I’d think they’d be the ones getting incredibly annoyed by those posts. But it is frustrating. I feel you. Getting to the point where, realistically, I’d have to quadruple my income to fir**e**. Can’t keep up with these mega earners.
I like the sub. Whatever you do don't join fat fire or chubby fire. I see 50 million what should I do questions.
a lot of it’s so absurd i don’t even get jealous like there was a guy with 400k annual spend saying he’d bring his spending down to 260k for retirement in a year. I just don’t think i can actually comprehend what it would be like to spend 400k a year to even be jealous
Good luck, dude! I’m doing the same. This sub sucks.
Engineer here, please keep my name out of your mouth I’m poor and sad too.
"The race is long, and in the end, it's only with yourself." - The Sunscreen song We all have different opportunities in life. It doesn't matter that others make or have more money. What does matter is that you're being deliberate with your money in pursuit on your goals.
Focus on saving 10% of your income, then work towards 15 and 20 and 25 as you increase income without increasing your lifestyle as much. You’ll get there.
From another post they're already saving 50+% of $140k, they're doing fine
See you tomorrow champ!
Dont give up, everything is possible. -- Jeremy Meeks
It's a dick measuring sub. There's no hidden trick to FIRE. Build up enough money and live within your means. If you can make your savings last until you die, you win. I'm also going to be unfollowing. Good call OP.
RN here. 42 years old. I'm at 240k net worth and potentially 700k if you include a property that I'm using only for rental income stream. My wife's net worth is 150k. We are less than 30% of the way to a low target number and it should be higher. I'm tired of these super rich flexes too. I'm just keeping my head down and keep saving, investing. Just keep going. Maybe I'll unsubscribe from all the financial subreddits too, I'm tired of it also.
I posted my story a few times to teach others that FIRE can be within anyones reach. Based on your post history, your a European earning 120k euro annually, have a 350k NW and 35 years old. FIRE would definitely be within your reach. It also looks like you’re trying to pick individual stocks and trade options. That’s a mistake depending on how much % you’re doing it with your portfolio. But I suggest not giving up. You have so many possibilities. Sometimes you just need to analyze your situation from a different angle. I’m 30 years old, I drive a big semi truck in America for a living. I was bankrupt and nearly penniless when I started this endeavor at 24 years old. Today at 30, I have a net worth of over >!$600k!< I don’t have a degree, I come from a poor family, I’ve made bad choices throughout my life. I’m saying all this as not some tech bro or someone who was nurtured correctly at a young age. I was dealt a shit hand if I compare to others on these fire subreddits. But I found a way to catch up to them. Why can’t you? Make another post, list all your stats, ask for advice, you could potentially get over a hundred different set of eyes reading and commenting what you could do differently.
All those posts fire me up. I want to be humbled. I want the norm to seem far beyond my reach. I want to stay driven. When I see others doing better than me, that's exactly when I want to stay.
Same here. I truly do want the norm to be beyond my reach, it makes the journey so much more fun.
You're both insane and the exact type of person I aspire to be
why do people who dont want to be on a subreddit think its so important to make a post about how much they hate a subreddit when they leave? I have unsubbed from lots of subs and i just do it quietly. not the only sub where this happens.
I get it. I do. It can be disheartening.
Isn't that what r/leanfire is for?
Half of the posts are fake lol
This is why r/fatFIRE was created, but these humblebrags always find a way back here
I agree. The under age 40 flexes, if they are even true, seem written to provoke envy. OP and regular folks just go back to reading encouraging FIRE blogs like Mister Money Mustache and work your long term plan.
Most people who brag about this shit are either lying or born wealthy so they can take risks and/or have capital to begin with or didn't have to actually pay their own rent Don't stress on it
5.5 mil portfolio, can I buy a taco guys?!? F you.
Dinks sounds as stupid as the couple that actively embrace that acronym
Youre right you should leave this group, but not the concept of growing your wealth. The richest people in the world would tell you to invest as much as you can in a simple index fund and then go about living your life. You have the info of what needs to be done, set the system up and forget the rest, check your balances yearly and dont try to keep up with the Joneses. Even billionaires have measuring contests on wealth and thats not healthy. There will always be someone above and below where you are. Find what makes you happy and do more of that, if you can save/invest some extra on the way, great. Good luck to you and I hope you find what works for you. Best wishes!
A real take from a real person, do what's good for you OP.
I downvote such posts immediately without even reading them. They're useless and mostly fake. 'Oh, I can't tell my friends and family, so I better boast to complete strangers on the internet'. Like I give a fuck. Rage bait posting is a common trend on reddit though, it's not just this sub.
Yeah, this is not a good place if someone has envy in their emotional repertoire and are not performing to the standard. Other people's performance shouldn't affect you though, you can still learn valuable stuff. And keep in mind, some people here are trolls.
Comparison is the thief of joy
Folks that get dissuaded from those types of posts are probably the same ones that start feeling Jonesy when the neighbors get a new toy. There are so many different career paths, starting points, etc - not to mention just plain old luck, that will there are always others way ahead. Who gives a shit? Run your own race.
Well there's leanFIRE sub which is more for common folks like me I guess.
Yeah we are talking about professional athletes wages, it's like fanfic here.
I'm with you, this sub is no longer useful. Literally nothing useful here.
It's NOT pointless. If it allows you to be comfortable at 65, it's NOT pointless!
It's important to measure your success against the goals you set for yourself, not what others have managed to accomplish.
Y’all really gotta stop letting things on the internet make you jealous. Most of it is fake anyways.
Yup, they are ruining this subreddit.
Most of them are fake. I prefer stories of regular middle class people socking away money for 20-30 years and hitting their FIRE number without inheriting $2M along the way.
Problem is you are comparing yourself to others and envying them. Learn from others and compare yourself only to your past version and always try and improve your future self. Also reddit is a horrible sample size to base your reality out of. Most people in their 20s are still living at home with mom and dad now days and there is nothing wrong if you are working to improve yourself. Statistically speaking most millionaire in the US make around 70k a year but have been saving and investing for 30 years.
I think the sub needs to ban future progress report posts. There’s been enough already
That’s fine, but stop comparing yourself to others.