They Don’t Need More Money, But He Wants More

After a couple of years living the FIRE lifestyle between the U.S. and Panama, they have more money than ever. While they don’t necessarily need more money, he can’t help but want more.

he describes why they’re good right now, why it wouldn’t hurt to have more, and the different ways in which they could get more.

The guiding principle of the Financial Independence / Retire Early (FIRE) movement is to get to the point in life where you have enough and don’t need more money to cover your expenses.

They Don’t Need More Money, But He Wants More

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As we sought financial independence, I used the 4% rule as one piece of our retirement planning. But, in addition to our market investment portfolio, we also had rental properties in the mix, the last of which we just sold during this crazy hot market.

Why we don’t need more money…

When we visit folks in the U.S., we spend a lot of money in small increments getting together with everyone. Whether it’s seeing friends at bars, restaurants, or even just their houses (bringing beer or food), it costs money.

Why do I want more money…

The good news is that those big expenses will go to the wayside once we move back to the U.S. next spring. That’s not to say that we won’t still have expenses that creep up, but most of them will be a little more controllable than they are now.

How we plan to get there…

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