Reply to Am I home free or kidding myself?

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Reply to "Am I home free or kidding myself?"

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[quote=Anonymous][quote=Anonymous]There are a ton of Financial Independence / Retire Early (FIRE) blogs and websites on the internet that could help you make that decision.

4k/mo for life + [b]750k in the bank to retire on sounds amazing[/b]. There are some people out there who only retire with the 750k in the bank.

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You must not have read closely.  OP will not have $750K in the bank, as she plans to spend the majority of it on a house, she intends to build.

Maybe I live in a DC bubble, but OP does not know how to live frugally.  Building a $650K house in a low cost of living area is not living frugally, which is what she needs to do for this plan to work.  In fact it's downright dumb.  And between cost overruns, furnishing the place, and the carrying costs while the house is getting built, I wouldn't be surprised if she spends the entire $750K.  I can't imagine her husband would even be on board such a plan.

OP wants an upper class existence on a $50K/year budget, with a young child (that presumably would want to go to college). It's ludicrous.

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