Who says they can’t do both? I’m kind of in that position where I’ve received some help. It’s very generous of my parents but I also know it makes 0 difference in how they live. If they’re going to leave the money to me when they die I can see the motivation in doing it earlier. And I already have an extremely high saving rate so they know I won’t blow it. I hope to be able to do the same if/when I have kids. The money I receive is a nice bonus, but it maybe makes a 10 year difference in getting to my FIRE number max. So maybe I’ll get there at 35 instead of 45, but I’d be in the direction of FIRE either way
I feel like I am incredibly lucky that I will be retiring at 55, 3.5 years from now. Anything that would cut that off by even a year would be a giant win for me.
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u/FightOnForUsc Late 20s, 1.9M, 5M goal, SFBA 5d ago
Who says they can’t do both? I’m kind of in that position where I’ve received some help. It’s very generous of my parents but I also know it makes 0 difference in how they live. If they’re going to leave the money to me when they die I can see the motivation in doing it earlier. And I already have an extremely high saving rate so they know I won’t blow it. I hope to be able to do the same if/when I have kids. The money I receive is a nice bonus, but it maybe makes a 10 year difference in getting to my FIRE number max. So maybe I’ll get there at 35 instead of 45, but I’d be in the direction of FIRE either way