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Financial Independence Retire Early (FIRE) / Re: Ideas to spend some wealth and free myself from frugality
« Last post by berkel on March 04, 2021, 11:12:32 AM »I was going to suggest a car, but you've got that covered. Great choice!
My wife and I are in our late 40s and approaching financial independence. We have had a traditional path through staying employed and saving diligently. My wife missed a couple of years working, since our son had many medical issues when he was born (6 months in the NICU, long story). No real side hustles, although I've started blogging as a hobby for now.
We max out our 401ks, contribute to our Roths through the back door, and invest in an after tax brokerage account and Fundrise. We aren't as thrifty as we could be, and enjoy driving new cars (Audi Q7 for her and a BMW m340xi for me). We also splurge on family vacations with our family, renting a home on Cape Cod MA for a week on or near the ocean. We've also taken family vacations to Disney and would like to go to the Caribbean once things get a little more normal. Maybe even some time with just the wife and I now that our kids are older! We put a lot on hold when our kids were young and due to the health complications.
I do like some electronics and will splurge on a new OLED tv soon too, but also planning on more time in Retirement for hobbies like learning French, guitar, mountain biking, trying to workout, etc. These activities don't require too much money, but could definitely spend too much on a mountain bike.
My wife and I are in our late 40s and approaching financial independence. We have had a traditional path through staying employed and saving diligently. My wife missed a couple of years working, since our son had many medical issues when he was born (6 months in the NICU, long story). No real side hustles, although I've started blogging as a hobby for now.
We max out our 401ks, contribute to our Roths through the back door, and invest in an after tax brokerage account and Fundrise. We aren't as thrifty as we could be, and enjoy driving new cars (Audi Q7 for her and a BMW m340xi for me). We also splurge on family vacations with our family, renting a home on Cape Cod MA for a week on or near the ocean. We've also taken family vacations to Disney and would like to go to the Caribbean once things get a little more normal. Maybe even some time with just the wife and I now that our kids are older! We put a lot on hold when our kids were young and due to the health complications.
I do like some electronics and will splurge on a new OLED tv soon too, but also planning on more time in Retirement for hobbies like learning French, guitar, mountain biking, trying to workout, etc. These activities don't require too much money, but could definitely spend too much on a mountain bike.