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).

What if I were to tell you that it was entirely possible to live such a life, maybe not at quite that extreme, but a life of freedom from obligation and pursuit of passion nonetheless? There is a group of people who seek this kind of living, and the process for reaching this dream is called FIRE, which stands for “Financial Independence, Retire Early”. There are a few different kinds of ways to FIRE, however.

- Coast FIRE

- Lean FIRE

- Fat FIRE

Here, I will mainly be discussing Fat FIRE, to the best of my abilities, summarizing what it is, how it is achievable, what you have to save to reach it and having open discussions with the community.

Fat FIRE is usually retiring with over $100,000 flowing into your bank account annually. It may sound like a dream for many, but it is entirely feasible for most if you play your cards right!

A little about myself, I’m 18 years old, and nowhere neat Fat FIRE. However, I do extensive research online on a near-daily basis as to ensure to the best of my ability that I will be able to reach a point where I will have enough wealth to confidentially Fat FIRE. My personal goal is to retire with $10 million, and given the career path that I am currently targeting, which I will talk about in another post, it should be feasible by the time I reach my late 40s or early 50s. This would permit me to live off of $400,000 for the rest of my life, adjusted to inflation, and even then growing year-over-year, which is also something I will explain in a later post.

To all the people reading this post, have a good day, and to people who have already FIREd, regardless of which level, go f*ck yourselves.

PS: That last bit is not an insult, but common saying when someone FIREs, as a “congratulations” to the person.

(Disclosure: I am no financial professional, take everything I say with a grain of salt, and fact-check me to make sure what I say is entirely feasible)