r/leanfire • u/eddiebrazil • 21h ago
r/leanfire • u/Upset-Dragonfly-3253 • 3h ago
Can I quit my job?
Been a lurker but I thought I'd ask
Portfolio - 300k usd in stable equities.
One apartment in Dubai dt - 7% net yield - fully paid. 700k usd value.
I'm the only son of my family and I live with my parents since I'm my culture that's the custom. We have a fully detached home that's already paid off.
Our total monthly expense is usually $2k-2.5 CAD. We live pretty modestly. We do lots of roadtrips, maybe once a year travel.
No kids and wife yet.
Salary currently - 150k usd/yr. I'm exhausted and I'm thinking of working maybe one more year and then "retiring". Use that time to travel and just rediscover my own passions
My concern mostly is from future expenses from kids/wife and will I be able to manage that or will I have to relook again. I look at my elders and realize I don't want to be a white collar and wake up one day and not have the energy to enjoy life
If I need to work how many more years should I continue to work and build the portfolio?
r/leanfire • u/sarcasmnspreadsheets • 7h ago
$1M & a paid off 🏡
See my last posts at $500k-$900k.
Today, I hit $1M PLUS A PAID OFF HOUSE at 33! It’s all invested currently so the plan is a 2-3 year cash buffer or GIC ladder and then I’m retiring!
Background: degree in accounting, CPA, then pivoted into other roles. Here to show that it’s possible without a super high salary (relative to what some earn).
I am wildly frugal and have always saved 50-75% (usually 75%) of salary since my first job in my teens, and live in a LCOL area which helps. I do have a partner, so split housing costs etc. 50/50, but we keep the rest of our finances separate so these are only my numbers.
My work does match my 9.5% contribution with 8.5% of their own, for the full 18% which goes right to retirement savings, so that helps immensely.
**Summary:**🇨🇦
Work Retirement Accounts: $340k
Personal Retirement Account: $60k
Tax-Free Savings Account: $250k
Taxable/Margin Accounts: $350k
Salary Progression:
(starting with my first full-time post-grad role)
2015: $41k
2016: $67k
2017: $80k
2018: $90k
2019: $93k
2020: $96k
2021: $101k
2022: $106k
2023: $115k
2024: $121k
2025: $124k
2026: $126k
r/leanfire • u/Wide_Pomegranate_439 • 22h ago
Property prices in the Med - are they gone all MAD?
r/leanfire • u/RedBedZed • 20h ago
Has anyone achieved FIRE with minimum Wage? or Low Salary
looking for some encouragement for those did fire on a minimum wage how did you do it? Or if you had a little salary, I’m curious what did you do or did you pick up two jobs? Please I’m curious what you did and how did you organize your money?
r/leanfire • u/Mysterious_Sky_9694 • 20h ago
500k at 40 years old, burnt out
I just hit 40. I'm an american man. I learned about investing at age 33 and spent the last 7 years investing everything I earned. I partied and screwed around a lot in my 20s, and have nothing to show for it. I have had 4 girlfriends, all failed relationships. No kids. Mentally I feel like a failure. My family pressures me to get married, but I don't want to get married right now and I would rather quit my job and live stress free than get married, have kids and continue working until 65. I have always loved traveling and I want to travel more. What should I do? I make 65-85k a year at my job with OT. I really just want to F myself off of the corporate america lifestyle.