Weekly FatFIRE Update (3/18/23)
Weekly summary of 10 millionaire net worth stories PLUS People keep how much cash at home for emergencies?
Weekly Net Worth Updates / Stories:
This week we have 10 different net worth progressions / updates / stories. We have a wide variety from young investors in real estate, financial bloggers to a Canadian doctor. Clicking on the net worth number brings you to the original source of the data.
20s/30s:
$623,000 [#86-TW] - young real investor investor sharing ups and downs on Twitter
$825,000 [#82-BI/TW] - Millennial couple increased net worth $500K in 4 years
$1,177,991 [#77-NWS] - Personal finance blogger with a big home?
$1,200,00 [#79-ESI] - Savings 50% of their income - provide earning and savings tips
$1,700,000 [#80-MU] - Real estate agent/investor in Florida
40s:
$2,813,841 [#83-TW] - YouTuber focused on passive income (age 45)
$4,600,000 [#84-ESI] - Couple decides to FIRE “during peak earning years”
$4,882,123 [#81-NWS] - Canadian doctor who is an aggressive saver
50s:
$1,115,000 [#78-BO] - Earns <$100k and lost 44% in 2009 and still saved $1M+
$2,027,211 [#85-NWS] - Only 15 months from early retirement
NWS - NetWorthShare | MU - Millionaires Unveiled | PoF - Physician on FIRE | ESI - ESI Money |
BO - Bogleheads.org | R - Reddit Profiles | TW - Twitter Profiles | BI - Business Insider
The FatFIRE subreddit (r/FatFIRE)
The FatFIRE subreddit is a community of individuals who are interested in achieving financial independence and retiring early with a high level of wealth. The subreddit covers a wide range of topics related to personal finance, investing, entrepreneurship, and lifestyle design. Below is a recap of two of the most popular topics this week with a quick summary snapshot from hundreds of comments received for each topic.
Do you keep cash on hand for emergencies?
How much physical cash do you keep on hand? [r/FatFIRE] - This Reddit article discusses the topic of how much physical cash one should keep on hand for emergencies. Some users argue that in extreme scenarios, such as power outages or economic collapse, cash may become the only means of payment available. The amounts of cash users keep on hand for emergencies vary greatly, from a few thousand dollars to tens of thousands of dollars. Some users also mention alternative emergency resources, such as medicine, useful skills, and the ability to generate power.
Ten Wilsons officially launched in February 2023
Thanks to all of you for being early followers of TenWilsons either on Twitter or Substack. We have been profiling the net worth progression of people in their 20s, 30s, 40s as they become millionaires and multi-millionaires (86 profiles so far!). As we build this in public and in the interest of transparency (just like the folks that are sharing their net worth publically), we will be providing a monthly snapshot of TenWilsons stats from both twitter and substack. Feel free to follow along as well as provide feedback/comments on what information or segments you like most and what you would like to see more of. Thanks! tw
Feedback or comments?
DM on twitter OR send directly to tenwilsons22@gmail.com. Thanks!
