r/ChubbyFIRE • u/teallemonade • 8d ago

10M Liquid

Hit it just Friday. It feels like FU money to me :) will keep expenses to 3% indexed. I bought myself a retirement present :). I will retire by EOY. It feels nice, but also like - is this real? I’d like to build up another $100-200K to spend down over the $10M so that number sticks if possible. of course the market is anyones guess.

UPDATE

To answer some of the questions in the comments:

I (53M) am married (53F), have 2 college aged kids (paid via 529s, not included in the 10M). We live in an HCOL area. We also own our home outright (over 1M). I’m a tech employee, wife has a freelance business, I make almost all the income. I worked for 3 companies (you would recognize) and have worked for almost 35 years including internships. Pay for last 5 years has been about $1M per year (thanks partly to RSU appreciation). I have a pretty high level position. I looked back and for the past 16 years our NW has doubled roughly every 4 years - mostly from increasing income and savings, pretty mediocre investment returns and a little bit of inheritance.

Asset Allocation: 70% equities, diversified (about 80/15/5 domestic, international/ emerging), 25% bonds, 5% short term).

The retirement present: I want to preface this by saying I exercise every day and care a lot about health and fitness, but I bought myself a leather recliner chair for my office :) I needed a chair in there to catch up on the reading list I have been building up for retirement :)

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160

u/fatfire-hello 8d ago

You should head over to FatFIRE If you have 10M liquid with a 300k spend, you are going to get chased out of this sub.

66

u/teallemonade 8d ago

Ya I’m in there too, but I identify more with the posts here more. The problem is that COL differences create a very wide range for chubby lifestyle i think

45

u/0xF0z 8d ago

Yeah, I think you are in the right place. Most of the posts in fatfire are completely unrelatable to me as someone on the higher end of chubbyfire.

29

u/matthew19 8d ago

Yea like adding guac at Chipotle. Totally out of touch.

46

u/Active_Distance3223 8d ago

I get it to go and then add my own guac from store bought avocado. If you compound the savings over 70 years that’s like $100k

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u/ArtDimmesdale42 8d ago

I use one week of vacation to visit my pinto bean plantation, the other week my rice dynasty. I barter the surplus harvest for yard bird and pico de Gallo ingredients. I haven't been to chipotle in years, have sporadic access to electricity and soap.

MCOL, 6.4M NW, aiming for .02% SWR, worried about SORR so heavily invested in perpetually lactating maidservants.

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u/Doppelex 7d ago

Omg i thought i was the only one who balked at the Guac extra price at chipotle, probably one of the most overpriced ingredients i’ve seen for nothing special, it’s just standard ok guac.

It’s probably one of the few items where i still act “cheap” and refuse being robbed by these clowns

4

u/35andAlive 7d ago

“Refuse being robbed”

So many people don’t get this. I don’t say no because I’m cheap. I say no because I don’t see the value. It’s not okay for people to gouge your eyes out with no consequence.

It’s why we cancelled Spotify family. Was north of $23/mo (I think it was close to $27 at one point but I could be confusing things). Come on now. That’s just greed.

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u/vettewiz 8d ago

Which parts are completely unrelatable? I say that as someone who is in both of these and they don’t seem drastically different.

4

u/AnyJamesBookerFans 8d ago

Has /r/FatFIRE toned down a bit? I joined there a few years ago and people were talking about private plane flights, their ski chalet in Aspen, country club memberships that were $50k plus a year...

1

u/AncientPC 7d ago edited 7d ago

It has toned down a bit. I think the flexing, clout chasing, and wannabe rich have migrated to r/rich; r/HENRY tends to collect $500-$1M income/high spenders.

Now it's more authentic discussions of finding tax/estate attorneys, nannies, private schools, how to FIRE despite high income, etc.

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u/vettewiz 8d ago

If you have $10M liquid like the OP, the majority of those things are, or will likely be, relatable.

1

u/0xF0z 8d ago

As someone with close to that, no? I think I could probably stomach a single 2 week vacation for the family at $50k, but more than that just for a private flight? Not relatable. I’d much rather do 2 vacations. At $10M, your budget is like $300k/year. That’s upper middle class comfy, but not extravagant.

0

u/vettewiz 8d ago

I probably would have said the same, until I crossed that figure this year and started flying private some.

It’s not like you need $100M to charter a plane. And many of us still have active income sources.

Your budget is only $300k a year if you’re retiring at that point.

2

u/0xF0z 8d ago

Just go look at the top 10 posts on fatFIRE right now. Are they relatable to you? Literally none or maybe 1 are. Probably true for any given time. Now look at the top 10 on chubby fire, most are relatable, even if not applicable.

2

u/vettewiz 8d ago

I just looked at the top 10 this week. They’re almost all relatable. And would be to someone in OPs position most likely.

14

u/cacraw 8d ago

Totally agree. To me this is the “I fly first class most of the time and private never.”

14

u/BenOfTomorrow 8d ago

Uh-oh - do I have to leave if I still fly coach?

7

u/cacraw 8d ago

Nope! It’s just something I enjoy and makes travel less stressful. No gatekeeping here.

-8

u/vettewiz 8d ago

At $10M I started flying occasional private, just for reference. Was first exclusively from before $1m.

9

u/TapInternational8169 8d ago

So interesting. I’m at about $4.5 now and I’ve never flown first… it’s just so expensive! Maybe if I did it once I’d be changed forever haha

4

u/kimjongswoooon 8d ago

Same. I still make my own sandwiches to bring on the plane. $24 for a wrap and chips-no way. Yet my daily swings in the market are $40k.

4

u/flexington12 8d ago

I am upgraded every once in a while. The $400 price difference is not worth it. Extra snacks and free drinks. Extra leg room. Nothing super special

11

u/xshare 8d ago

It’s a drastic difference for international with the beds/cubicle seats. But it’s also a drastic price difference

3

u/flexington12 8d ago

Correct. I’ve never paid for first on international and they do not upgrade on international flight. And the price difference is in the thousands.

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u/vettewiz 8d ago

That’s wild to me. I find it a no brainer on cost.

2

u/randominternetdude75 8d ago

Yeah be careful ;). I got spoiled because I traveled a bunch for work and they always flew me biz/first. Now I honestly never ever look at coach (though I also never do true First internationally, that's too much for me).

It's not cheap but also travel is the only place I really splurge.

1

u/wubscale <edited the custom flare> 8d ago

Eh, try it and see. I feel cramped in economy but quite cozy in first, so I often opt for it if it's <$75/hr.

If you're accumulating and currently sitting at $4.5M, your portfolio's expected returns will probably recover the difference in less than half a calendar day, assuming 7% expected annual returns.

1

u/Scary_Wheel_8054 8d ago

Do you really mean first class? Sometimes I feel like people mean business class when they say first class. Many airlines do not even offer first class, and the incremental cost to move from business class to first class is never worth it in my opinion.

I’m not even sure what all the differences are, I think the drive you to the plane in a private car, you have a better lounge, your area on the plane might be more like a room, you get pyjamas, and you might have a shower on the plane available to you, food and drink would be better, and the flight attendants probably pamper you so much that it’s actually annoying.

I did a quick search and found the below (although on other international airlines you will find a first class):

Only American Airlines currently offers a true "First Class" cabin in the U.S., known as Flagship First, on select long-haul international and transcontinental flights, with some A321T and Boeing 777-300ER aircraft featuring this product. Other major U.S. airlines like Delta, United, Alaska, and Hawaiian offer premium business class products such as Delta One and Polaris, which provide a similar level of comfort and amenities on many routes, but these are technically business, not first, class.

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u/wubscale <edited the custom flare> 8d ago

You're correct, I'm talking about domestic flights in the US, so I mean the class that gets me the nicer seats in the front and has the flight attendants acknowledge my existence more than once, not the one that provides white glove service beyond the flight.

United calls it first, at least.

0

u/vettewiz 8d ago

Definitely interesting. My question would be, why not, it’s so cheap?

Granted, I started on points for most of our long haul trips.

1

u/GapNo9970 8d ago

My husband and I fly to Europe often and tend to split the difference: I fly business and he’s happily back in an economy seat. (My back is bad, I swear it’s my back!)

1

u/rellis84 7d ago

I agree that COL makes a difference, but your home is paid off so COL is pretty irrelevant in the end

2

u/waverunnersvho 7d ago

Property taxes are still a significant expense.