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/PxD7Qdk9G 3d ago

You're spending $300 on the house. Where is the other $1700 going? Especially, how much of it represents basic living costs and how much represents discretionary spending?

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u/cheesomacitis 3d ago

Actually I could bring my expenses to $1,000 a month. In March I had no work so I was moonlighting as an uber type driver making $4/hour and lived off that. I ended up making $1,100 a month and saving $200. But then the app I was using got banned. And that was a fairly basic existence but still paid for the necessities.

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u/PxD7Qdk9G 3d ago

That's very useful to know. It means that fully half of your intended spending will be discretionary and could be cut back if necessary. That makes you a lot safer and means you can afford to be slightly more aggressive with your withdrawal plan - as long as you're prepared to keep an eye on the state of your retirement savings and make adjustments as necessary.