Justin Patry
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Fat Fire means to retire with a fat stash, typically over $5 million.
Through this, you can live off of the 4% rule - invest your money, and you can theoretically make it last forever by taking out 4% a year - or a minimum of $200,000.
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What is Fat Fire?
Given the chance to do so, most people would gladly take the opportunity of earning $200,000 a year for doing absolutely nothing. It would free up your time in ways you never thought possible. You could quit your job, and pursue your passion, whether it is volunteering in your local animal shelter, making music in a beautiful studio full-time, or not owning a home and spending your life travelling from country to country (I must admit, that last one may be a little difficult to pull off at the moment, with COVID-19 and all).
By Justin Patry6 years ago in Lifehack
