Weekly FatFIRE Update (3/25/23)
Weekly summary of 9 net worth stories / Progressions AND 1 year feedback from 2 different early retirements and another $5 million is a nightmare story.
Weekly Net Worth Updates / Stories:
This week we have 9 different net worth progressions / updates / stories. We have a wide variety from a 36 year old with a “financial awakening”, a woman who sold her business before turning 30 all the way to someone retired with 50 single family homes providing monthly income. Clicking on the net worth number brings you to additional information.
20s/30s:
$587,834 [#92-BO] - Boglehead married couple had a “financial awakening” and now has aggressive savings goals
$810,000 [#95-TW] - from negative net worth to $810k net worth before age 31
$2,300,000 [#87-NWS] - Canadian government employee and real estate investor
$3,500,000 [#90-R] - She sold her business and hasn’t even turned 30 yet
40s:
$1,515,590 [#91-NWS] - large home purchase has slowed retirement savings
$3,000,000 [#89-ESI] - reached first million at age 41
50s/60s:
$2,040,000 [#94-NWS] - second million was way faster than first million
$4,400,000 [#93-BO] - close to early retirement and offers guidance how to climb the corporate ladder
$29,500,000 [#88-MU] - Owns 50+ single family homes
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.
These first two provide insight in their first year of FatFIRE (early retirement):
1 year ago he started his early retirement (with $13M+ net worth). Having full control of his schedule provides way more satisfaction than the unvested stock that he left on the table. See all the details in the 5 surprises after a year of fatFIRE.
Another retiree (age 58) sold his business and has traveled some. He has way less interest in buying things and is more appreciative of the smaller things. Read about what provides him the most happiness now in A year into retirement, 58 years old.
“Five million is a nightmare” has become a FatFIRE meme from Succession (see clip below). Well we have another mid 40s person (NW $7M) that feels stuck in a job they don’t like but not enough to retire in VHCOL. However, based upon his savings coastFIRE might be the right solution. Read what comes next in Five Million Is Indeed A Nightmare; How To Work With No Intrinsic Motivation?
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 (95 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!
