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Reply to "Has anyone here on a normal income successfully FIREd?"
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[quote=Anonymous][quote=Anonymous]OP, I've follow a blog by a guy who successfully FIREd at 33 with kids in North Carolina. https://rootofgood.com/about/ Their families' net worth is under $3m. They've raised 3 kids and they travel more than I do using credit card points. It can be done. I follow them because I think their alternative way of life is fascinating, but I've got a higher net worth than they do, my spouse is a high earner, and I'm still working. I do it so our kids can do competitive sports, music, and other enriching activities and we can fully fund their education (my parents paid for undergrad and law school, so I was able to save much of my big law salary out law school - hoping to pay it forward to the next generation). Having a high net worth is nice outside of FIRE because it gives you the confidence to set boundaries and make demands at work, or to go out on your own and build a business or practice on your terms. There is a middle ground between quitting and part time. [/quote] the problem is that Part Time is incredibly hard to get in many professional careers. Unless you own your own practice, business, had achieved great success and have employees, and can set up your hours you are sort of forced into the full time drudgery. Limited vacation and being restricted when and how much time off you can take, loads of obligations, deadlines or meetings, dealing with toxic people or environment, etc. This is why so many are trying to find alternatives. [/quote]
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