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    1. Member GeoffD's Avatar
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      03-11-2019 09:13 AM #101
      Quote Originally Posted by dunhamjr View Post
      I also ask because at 31 you are right in the realm of when a lot of people are getting married and having kids.
      Your FIRE plans can change very drastically from when you are single to when you have a family.

      You can be non-specific if numbers bother you.
      But I am wondering if you know what your savings rate is NOW vs what it would be without the R.

      Honestly retiring early, unless you are a very frugal, but very high earner... ends up requiring a very large savings percentage rate in a lot of cases.
      If you actually dig into it, a large fraction of the FIRE crowd did it the old fashioned way and don't start out admitting it. Parents died and they inherited a big pile of money in their 40s.

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    3. Senior Member dunhamjr's Avatar
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      03-14-2019 06:36 PM #102
      Quote Originally Posted by GeoffD View Post
      If you actually dig into it, a large fraction of the FIRE crowd did it the old fashioned way and don't start out admitting it. Parents died and they inherited a big pile of money in their 40s.
      I don't think I have noticed this same phenomenon.

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      03-19-2019 08:24 PM #103
      Quote Originally Posted by GeoffD View Post
      … Parents died and they inherited a big pile of money in their 40s.

      Or, you could be my sister when my mother died in 2016 and, as executor of the estate, say everything is hers.

      She did send me a check for $5,000 and keep everything else for herself with some for her two kids (which she was even ticked that her kids got something).

    5. Senior Member
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      03-19-2019 08:25 PM #104
      What is "FIRE crowd?"

    6. Senior Member dunhamjr's Avatar
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      03-20-2019 11:45 AM #105
      Quote Originally Posted by Cooper View Post
      What is "FIRE crowd?"
      Financial Independence, Retire Early

    7. Learning New Things Every Day. GreenandChrome's Avatar
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      03-20-2019 02:07 PM #106
      Quote Originally Posted by dunhamjr View Post
      I don't think I have noticed this same phenomenon.
      No, but you've seen the other FIRE population. And they don't exactly "retire" in the usual sense. They work as "consultants." Not that they offer anything of real importance, they just happen to have worked for a small software company during the late 80s and 90s for a few years and took lower salary in exchange for these things called "stock options." Or they start up VC companies, or start their own labor of love.

      The Seattle area has an amazing amount of millionaires that are practically invisible to most people.
      Making people aware of the Dunning-Kruger affliction. If someone you know is afflicted with Dunning-Kruger, please help. #knowthecure
      @mbull | instagram #imhardlyeverserious

      SRT_______________________________________________ ___________SRT

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      03-21-2019 10:14 AM #107
      Thanks.

    9. Member 1Point8TDan's Avatar
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      04-24-2019 01:39 AM #108
      IMHO, to retire at 45, it either be through:

      a) inheritance
      b) passive income ie: own lots of rental properties
      c) have a good business that requires little work on your part. Or have made lots of money in business and have enough to retire.
      d) make it to senior management
      e) combination of the above

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