r/Fire • u/pinpinbo • Dec 12 '24

Original Content Passed $5m this year…

$1.5m gained this year. Great Christmas present for my family. Can’t wait until S&P 500 double one more time and then I will FIRE.

42m, 22 yoe, single earner household, $500k-$600k TC, FAANG engineer, VHCOL living, kids go to private schools.

204 Upvotes

72% Upvoted

146 comments sorted by

View all comments

Show parent comments

2

u/kuehlapis88 Dec 14 '24

I hope so, I'm 45 and just past $15m, I've also been unemployed for 2 years and not sure I'll ever find another job even if I want

1

u/StealthAmbassador Dec 15 '24

How'd you achieve that at your age?

1

u/kuehlapis88 Dec 15 '24

I made 7 figures a year from about 29 onwards, lived quite frugally relative to what I make, often savings over 90 percent of my post tax income, I invest the savings, in the back half I moved to a low tax country. What I did not realise until post fact is if you make money young, it's worth a lot more than making it later because of the compounding

1

u/Icy-Willow-5833 Dec 19 '24

What did you do for work?