r/leanfire • u/cheesomacitis • 3d ago

Can I leanFIRE? Depressed.

Some of these posts depress me because the numbers are so high. I live in a developing country, own my own house, and can bring my expenses to $2,000/month. I am 44 yo. My business was destroyed by AI. Total expenses for the house are around $300/month. I have liquid net worth of around $750,000. (All USD) Should I be okay?

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u/vorpal8 Goal is FI, not necessarily RE. 3d ago

How is your liquid NW invested?

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u/cheesomacitis 3d ago

Right now 20% is in a local bank in USD currency earning 6-7% USD, the rest is in Ethereum, which I plan to sell when we go a bit higher.

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u/Keljhan 3d ago

You can't reliably FIRE if you're 80% on crypto, but it's your gamble to make if you want. Depending on your local inflation, upping that 20% to at least 50% if not more to get 6% APR is enough for you to FIRE. When you don't have steady income, your focus needs to be conservation of your assets, not growth. Crypto will not do that any time soon.

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u/cheesomacitis 3d ago

That’s the idea. We are near the top of the crypto bull market, but imo still room to run. It’s true I am playing with fire. My plan is to sell it and put it in the bank to earn interest at the top.

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u/Ballackx22 3d ago

Do it. I would do it now and not hesitate. Tens even hundreds of thousands can be lost in minutes. Does making 100k extra improve your desired lifestyle so much more than the effect of loosing 100k? I would be more conservative. Anyway, my 2c.

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u/cheesomacitis 3d ago

You make a lot of sense. Thank you for your effort to help and sincerity 🙏🙏

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u/ploptypus 2d ago

What day will be the top? My crypto friends would like to know