What is fatFIRE? Who does it?  Why do you need to know about it and more! Get all the details here.

Five years ago, I didn’t know what FIRE was. I mean, I knew what fire was — something to gather ’round to drink beers, tell stories, and burn marshmallows.

But I was oblivious to the acronym that has since become life changing: Financial Independence, Retire Early.

I learned what it meant to be financially independent. I took advantage of my FI status by working less and adventuring more

I finally put the RE in FIRE in August of 2019, retiring from medicine at the age of 43.

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First, there was FIRE. You save up at least 25 times your anticipated annual spending and you’ve got a 97% or better chance of that money lasting at least thirty years.

fatFIRE Defined

The average American household spends somewhere between $50,000 and $60,000 in 2018. A leanFIRE budget is at most half of that.

fatFIRE Defined Continued...

I’d say fatFIRE is somewhere in the neighborhood of double. Since we like round, even numbers, let’s call a fatFIRE budget $100,000 a year.

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Physician on FIRE

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