I just put $50..in a superfund for my partner after 2 weeks th $50 has turned into $44..was that becorse of fees or just th superfund investment strategy

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Looking forward to the Money articles in 10 and 20 years to see how these people are going. Personally I think they are in for a world of hurt, but happy to be proven wrong. Also just don't get why too many people in the FIRE movement think the F stands for Frugality, but as long as they are happy with that.

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Young couple $22k a year not including the rent ? Me & my wife in our 60s, we spend $50k-$60k, and we don't pay rent, all basic expenses, no luxury stuff ?! Just the rate, utilities, insurances, car expenses almost $20k.

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20 k .

Holding costs.

Wheres that .Cape Cod.

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4700 for food a year lol

300 for clothes a year lol lol

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Responses of people who don't understand fire. My partner and I own our house and live easy on $25000 a year.

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Responses of people who understand FIRE and know the F doesn't stand for Frugality like most of the people these FIRE stories are written about. I get Financial Independence... but for some people that's $60k or $90k or more a year. Why do some many people in FIRE associate it with Frugality? With such a low annual budget how do they cater for the big one off expense that arise from time to time?

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It's not because some like to live a simple live that they don't have money saved up for the big one off expense as you call it. And RE doesn't mean that you actually stop working completely. It means that you have choices, that you can do what makes you happy. Also I don't understand why some think that it must be hard to live a "frugal" life. We don't need a new car every couple of years and go overseas 3 times/year or dine out every second day. These things may be important for some people's happiness but we can easily do without.

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Cheers Nick. That goes a little way to explaining it, but I still don't get why Frugality and FIRE seem to go hand in hand. Maybe it's just me, or maybe there needs to be more articles about people in FIRE who are getting $80k+ a year. We actually live a semi-Frugal existence. We purchased our car new in 2003 and still got it now, hardly ever eat out (we're not foodies!), in fact I can't recall the last time we ate in a restaurant, and have take-away a handful of times a year. But we do like to take a nice trip overseas once a year (not 3 times!) and a couple of domestic trips too. I just don't want retirement to be about watching every dollar when it should be about enjoying life. In other words, Frugality Free FIRE. That is what I was hoping to learn from these articles, and they haven't quite delivered what I was hoping for.

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another nice article about saving and investing wise.

I am more and more convinced the key is to spend little. Housing and food I have in similar budget, no car and using public transport is a great saving solution working for us, but the child expenses is a big one.

I am curious if there are nice stories for families with children.

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is more related to people that don't understand where their money are going.

Since I made my first year the budget I found I am working for supporting the work: car and transport to-back, cloths and make up for, eat out and take away as don't have enough time to cook from scratch, insurance, house close to job where all the houses are expensive, babysitting and daycare and afterschool as no having time to take care of child, cleaning lady as I have too much stuff and too les time for, overspending to compensates emotionally, overspend on supplements and massage and osteopath to fix my back issued etc - almost a half of the salary was saved since the covid and I sold car, no more gas, no more babysitting, no more new cloths (I use what I have - a good quality cloth bought on sales I use for several years), etc.

It is about choice: I rather not work that to have tv and cable and latest phone and choose to spend more time as family. Since I made the choices our health improved so much that no cold in the family for many years, no money spend on doctors.

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money going into super gets taxed at 15%

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With the currant low rates of return on most investments it almost seems unjust that you would need to save well over a $1M to live the lifestyle of the family next door who have never done a days work and live on centrelink.

You really do need at least $2-$3M to retire on a reasonable income, and saving that amount is imposable for most families on the average $80K wage, even if you did live in a cardboard box in the park and ate grass.

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For sure it is risky to quit working at 28 and rely on investments. He should keep going for 5 more years at least and to build in more safety and better quality of life.

How are you going to raise kids on a 45k budget ? What if you have some emergency where you need to spend more than you planned.

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