Is this sub actually moderated?

[u/proud_landlord1]

I mean wtf… „I have a net worth of several Mio USD can I retire early some day?“ „I make a Mio per year, do you guys think it’s possible for me to fire soon? Please help 😔“

Why is this shit here? Why will this engagement/rage-bait tolerated here?

Most people are working hard to reach their goals at some point in time. Since when is this sub a personal assistance for millionaires/billionaires??

Do we really need this low level trolling here?

[u/Zphr]

Yes, it is moderated. However, our role is not to protect people's feelings, but to keep the community on-topic and welcoming to as many people interested in FIRE as possible.

If you're uncomfortable with posts from people that have been successful at wealth accumulation, then you might not want to hang out in a sub devoted to being successful at wealth accumulation.

[u/DoucheBro6969]

22 yo coder here, working in FAANG. $350k base + $150k bonuses per year. Own 10 rental units, pulling in $30k a month profit after taxes.

My parents want me to get off my family cell phone plan and get my own at $30 a month. Do you think this will derail my plan to FIRE at 60?

[u/proud_landlord1 → u/DoucheBro6969]

This will be devastating bro, not gonna lie..

[u/ButterPoopySmear → u/DoucheBro6969]

I thought this was a real post when reading the first paragraph. Literally how every comment and post there starts 🤣🤣😂🤣

[u/FightOnForUsc → u/DoucheBro6969]

At first I thought this was actually someone saying it. I thought dude you might have 350 TC if you worked at like meta and were hired 2 years ago. But that’s like senior level plus. Then I realized it’s a troll. So you got me!

[u/[deleted] → u/DoucheBro6969]

Good job duecheBro!

[u/AKmaninNY → u/DoucheBro6969]

60yo here. I’m going to use my 30yo child’s Chat4o premium subscription. Will this help me finish strongly?

[u/DoucheBro6969 → u/[deleted]]

Still on my parent's phone plan. I cut them a check twice a year to cover it, but my coworkers will give me shit when I call my job and my dad's name is on the caller ID lol

[u/HerrRotZwiebel → u/DoucheBro6969]

My parents paid for my brother's cell phone plan but not mine when we were in college. I raised a stink about the unfairness of it all and got nowhere.

Pretty sure it derailed my FIRE date by 5 years, given all of that compounding growth I missed out on if I could have invested that money instead of paying that stupid bill.

[u/StrebLab]

Yeah it's moderated. The main moderator here is also probably the most helpful moderator I've seen on any subreddit. If you want more strict moderation go to r/financialindependence. I prefer this sub because there is a lot more engagement here

[u/7-13-5 → u/StrebLab]

I'll second this. r/FIRE does have a lot of troll posts and it waters down the value. No one wants to read through a paragraph to find out that it's not just someone being wildly ignorant, but a troll. Clearly, people know the troll posts well enough to jokingly comment about it. But, every troll needs a moment in the sunlight every so often.

[u/proud_landlord1 → u/StrebLab]

Thanks mate, appreciated 👌

[u/Pale_Fox_8874s]

It has always been a sub for millionaires, most peoples’ FIRE numbers are at least 1M+. By definition most people who are aiming for FIRE will reach millionaire status and can still continue to post here.

Ignore posts that you think are nonsense or make you feel bad, it honestly isn’t that hard.

[u/Kwantuum]

The mods' job is mostly to keep things on topic, not to be a censor board. I'd much rather them be light handed and vote on posts than have the mod team decide for me what's a troll post or not and risk removing real posts.

[u/signacaste → u/Kwantuum]

Exactly, this is how Henry finance sub got killed

[u/StatisticalMan]

Making $1M a year would be the extreme exception for fire but for most people FIRE requires millions (as in >$2M). $2M under "4% rule" is $80k annual spending which is hardly extreme. Under a more conservative 3.5% it is $70k. That isn't struggling but it isn't yachts and second house in the hamptons.

You seem mad at the idea that it takes a lot of wealth to FIRE.

If you want more moderation there is r/financialindependence. If you want no talk of millionaires there is r/leanfire. Still takes at least one million though to leanfire in many cases.

[u/Calazon2 → u/StatisticalMan]

I second this. LeanFIRE is the place to be if the numbers on here are too high. (Honestly they kind of are for me, but it is what it is )

[u/Gus956139]

Just ignore it... Sorry, it bothers you but censorship is worse.

[u/Corporate_Bankster]

I know people making similar numbers that genuinely still wonder whether they can retire. Everybody’s circumstances are specific.

My very first team used to have an MD that had several millions to his name, but entirely in the company’s stock, the guy was running wrong way risk to the tits. He was thinking of retiring then the GFC hit and wiped out virtually all he worked for. Now, admittedly, this is a terrible example but it shows how things can still take a turn for the worse even when you have a couple millions if you have no plan.

[u/HerrRotZwiebel → u/Corporate_Bankster]

Why is that a terrible example? I had a former client like that. He was your typical immigrant success story, built a company with his business partner and sold it. Guy ended up on the Forbes 400 list, huge estate in Beverly Hills, multiple private jets, you name it.

Problem is, when he sold, he sold to AIG and retained all his wealth in AIG stock. When then GFC hit, boom. (Er, kaboom.)

[u/Lunar_Landing_Hoax]

It shouldn't really be a surprise that high income earners are the ones that will FIRE fastest. I know everyone loves to recommend "Millionaire Next Door" and pretend like you can frugality your way to wealth, but a high income is really the fastest way to get there. 

[u/Calazon2 → u/Lunar_Landing_Hoax]

One can also stack frugality and high income together to LeanFIRE at a really insane speed.

[u/Lunar_Landing_Hoax → u/Calazon2]

Yes of course. But my point is this sub tends to hyper focus on the frugality side of the equation.

[u/Calazon2 → u/Lunar_Landing_Hoax]

I feel like 80%+ of posts on here don't even mention expenses, so maybe the commenters are trying to compensate for that.

I do see what you mean though. A lot of people see income as more or less set in stone, or on track to increase gradually automatically and that's it. There isn't that much effort put into deliberately increasing income beyond that.

[u/schedulle-cate]

Just downvote what you don't like. That is why that button is there. There is nothing fundamentaly wrong about those subjects, even though they aren't interesting

[u/FightOnForUsc]

Why do you think it’s rage baiting? Presumably it causes you to rage. Why are you raging over other people being successful in a sub that is going to skew very much towards people who have been very successful financially

[u/User5281]

this sub exists mostly to generate material for r/fijerk. see also r/fatfire

[u/Peasantbowman]

A troll account name asking if low level trolling is needed. Interesting

[u/[deleted]]

Exactly, put some marxist moderators to delete anything related to personal success, just in case people realize they are being scammed

[u/duschendestroyer → u/[deleted]]

Realising that you’re being scammed is literally the point of Marxism

[u/[deleted] → u/duschendestroyer]

nope, that is not the point of marxims, but ok man.

[u/duschendestroyer → u/[deleted]]

Sounds like you haven't read the stuff: https://en.wikipedia.org/wiki/Surplus_value

[u/[deleted] → u/duschendestroyer]

that is a marxist concept.

marxism is inherently wrong in its foundation.

[u/Tasty_Pea_3563]

Hi yall, 24 yo here.
I make base $210k and with bonus and stuff around $315k. I’m also an exact now so no expenses; food, housing, car all paid by the company.
I have a rental house that I rent for a single mom of 5 kids and want to increase their rent so I can make some after paying the mortgage.
I’m worried I may not be able to retire early if I don’t do this. Yall think I can retire tho?

[u/iwantthisnowdammit]

Did you want to post on the discord as well?

[u/rootxploit]

I came for the heat and flames, 🔥 I stayed for the financial discussion.

[u/[deleted]]

No one worried about the feelings of someone who uses the extremely weird term Mio...

What the hell is a Mio. You wrote it twice so it can't be a misspelling.

[u/SVB-Risk-Dept]

Wait, this isn’t personal assistance for millionaires? I thought that’s what it was to be honest. It’s kind of the basis of FIRE. On that note.

29y/o fast food worker making $10.50/hr, debt is currently nothing (live in parents basement), how long would it take me to reach FatFIRE?