"Live frugally" , "FIRE" , "work in tech"

All incompatible with 99% of the upper class, neither do they want to eat ramen to retire early.

You're also one medical disaster away from being "very very wrong"

jandrewrogers 7 minutes ago | parent | next [-]

I know several people with normie jobs (not tech related or government) and normie lifestyles that saved up enough money to never need to work again by 50 while still maintaining their lifestyle. Most still work because they have no idea what to do with their time even though they don’t need to work anymore.

You can easily derive that this is possible from the median household finance statistics published by BLS, never mind the upper class. It isn’t that hard if you care to do it.

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snake42 3 hours ago | parent | prev | next [-]

FIRE doesn't depend on having a tech job. Its all about income to expense ratio. Planning for medical events is something that gets talked to death in these communities.

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raw_anon_1111 2 hours ago | parent [-]

How do you plan for a potential quarter million dollar medical bills over a couple of years?

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Retric 37 minutes ago | parent | next [-]

Good insurance is one aspect including long term disability coverage if you haven’t retired.

That’s the thing medical expenses when young are unlikely enough insurance is a viable strategy. Long term it’s worthwhile to move to a country with a less expensive medical system. You can move basically anywhere in retirement and be better off.

	▲	raw_anon_1111 20 minutes ago \| parent [-]
		Again like I have been saying, good insurance is predicated on the open market and ACA being around and not being killed by Republicans. Even if they don’t outright kill it, they are trying to put in a “death spiral” where only sick people use it and insurance companies don’t want to participate. LTC not discriminating against pre-existing conditions is also post ACA.

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2 hours ago | parent | prev | next [-]

[deleted]

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snake42 an hour ago | parent | prev [-]

The same way that an employed person would plan for this. Catastrophic insurance plans put a cap on how much your medical bills can be.

	▲	raw_anon_1111 an hour ago \| parent [-]
		An employed person since the ACA hasn’t had to worry about lifetime caps… Oh and catastrophic insurance plans only have to cover pre-existing conditions since the ACA - which one party is actively trying to kill.

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mech998877 3 hours ago | parent | prev [-]

90%+ chance the person you are replying to has health insurance that will cover them in case of medical disaster.

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glimshe 3 hours ago | parent [-]

I absolutely have health insurance, the most expensive available on my state. That doesn't protect me 100%, but what health insurance (including the ones available at most companies) does?

People who have poor money management skills believe that FIRE=Ramen and no health insurance... In fact, it's about getting a 30K car (the one I bought new 3 years ago) instead a 70K car despite having the money.

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raw_anon_1111 2 hours ago | parent | next [-]

And what happens when the Republican Party gut the ACA and you have a pre-existing condition. Do you know what life was like trying to get insurance with a pre-existing condition before 2012?

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scottyah 41 minutes ago | parent [-]

Then they can just skip insurance. Most people don't need it, especially if they already have a lot of money (which is what FIRE means)

	▲	raw_anon_1111 31 minutes ago \| parent [-]
		Obviously said by someone who is young and never had or knew anyone that had an expensive medical procedure like a friend who is 45 who I have known since 2003 and is cancer survivor and now has to have open heart surgery

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mattmanser 2 hours ago | parent | prev [-]

99% of people have poor money management skills? It's statements like this that makes FIRE a fringe scene.

	▲	scottyah 40 minutes ago \| parent [-]
		you're saying 99% of people think FIRE = ramen? I doubt that many even have heard of it