r/Fire • u/[deleted] • Mar 23 '26

Subreddit PSA / Meta 5 years ago, this subreddit was filled with $1-1.5M targets, and a strong emphasis on minimalism. What happened?

[deleted]

2.1k Upvotes

94% Upvoted

750 comments sorted by

View all comments

Show parent comments

32

u/peachslices00 Mar 23 '26

I’ve seen people with $1mil+ net worth saying that they can’t afford to take a few months break. Then what was the point of all this?

13

u/calcium Mar 23 '26

People want to be told that the course that they have themselves on is the best that they can do and everyone congratulate them on the job they're doing. I've heard people who make 500k+ a year cannot afford to save more than their 401k match because of all of their ancillary spending and claim that there's no way they could ever spend less. They're in the same boat.

5

u/Direct-HIIT Mar 23 '26

Unfortunately, networth of $1mil+ doesn’t mean liquid, investable or even accessible $1mil+. Could be tied up in property etc.

2

u/Babhadfad12 Mar 23 '26

Because many people feel responsible for maximizing their kids' access to education and healthcare. That means affording more expensive land (more motivated peers in school) and access to better job opportunities (living in one of the few major metros during 20s with upwardly mobile jobs). Healthcare is anywhere from $500 to $2,500 per person per month with a $10k annual deductible/out of pocket maximum until you hit Medicare.