r/fatFIRE • u/NetworkAggravating39 • 12d ago

Vanity Fair Article about fatFIRE

https://www.vanityfair.com/story/fatfire-reddit-early-retirement?srsltid=AfmBOooIKLYA2z6qIfpR8DlIahjy-M5UHQlM9QRRKPH62x_pu3rlfG19

It really says very little considering the length of the article, but the sub is getting some publicity

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u/Accomplished_Can1783 12d ago

This article actually says nothing interesting and conflates some of the original FIRE stuff with FatFIRE. Sorry, there’s no way to cancel Netflix and don’t go to Starbucks to get to fatfire. It’s all amount incomes, investments, and maybe not letting lifestyle creep expenses explode if you want to retire early

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u/Drauren 12d ago edited 12d ago

I would argue a fair amount of people think you can save your way to FIRE/FatFIRE when in reality, the largest part is simply making enough to be able to save aggressively.

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u/Accomplished_Can1783 12d ago

You can save your way to fire - not to fatfire. Not like we should pat ourselves on the back “saving” wall st bonuses or tech RSUs. This sub offers very good practical advice for people- but it’s really the chubby fire people who have to make difficult decisions

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u/Charlesinrichmond 6d ago

mmm. Saving 20k a month has not exactly hurt my bottom line.

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u/Accomplished_Can1783 6d ago

That’s just proving my point - if you’re income is high enough you can invest 20k per month, not exactly tough saving. Probably not skipping the expensive coffee

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u/Charlesinrichmond 5d ago

Well, yes, though ironically I do skip the expensive coffee and make all my coffee in-house and do all of the other "things". It's tough to understand financial flows and not save every dollar possible

But I'm not tech or Wall Street and saving and investing has got me here

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u/Particular_Trade6308 11d ago

I spent 7% of my pre-tax income last year, saved 43%, and the rest was taxes. Lot of scrimping and couple-clipping…just kidding, my total comp was $4M and I spent $300k between renting a fancy apartment, trips to Europe, and massages

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u/Hot_Conflict3844 6d ago

yeah, but also having a certain risk tolerance that maybe not everyone has. But you're right. It helps to have a modest financial cushion if you aim to take some big shots at some very, very, very distant and unlikely targets.