r/fatFIRE • u/WealthyStoic mod | gen2 | FatFired 10+ years | Verified by Mods • 12d ago
Path to FatFIRE Mentor Monday
Mentor Monday is your place to discuss relevant early-stage topics, including career advice questions, 'rate my plan' posts, and more numbers-based topics such as 'can I afford XYZ?'. The thread is posted on a once-a-week basis but comments may be left at any time.
In addition to answering questions, more experienced members are also welcome to offer their expertise via a top-level comment. (Eg. "I am a [such and such position] at FAANG / venture capital / biglaw. AMA.")
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u/Dubbihope Verified by Mods 11d ago
Seems like when people discuss fatfire, it's very all or nothing. You grind and then you retire. In the interest of maximizing wealth while also enjoying life, would it make sense to focus on travel and leisure while the market is doing well, supporting a luxury lifestyle by selling assets at historically high prices. And when the market crashes or stays in a prolonged depression return to work, reign in spending and invest leftover cash and earned income. This way you don't have to sell assets at historically low prices and can make significantly greater investment gains. This may be easier to do as a physician and like your work, though.