A 27 year old real estate engineer living in Los Angeles and FAT FI/RE-ing in 18 years with $6.25M
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Occupation: Real Estate Engineer - I’m between careers so I made it up. I buy houses and small apartment buildings in Los Angeles
Industry: Real Estate
Age: 27
Location: Los Angeles, California
Salary: $150,000/year
FAT FI/RE Number: $6.25M
Years Until FI/RE: 18 years
Current financial situation: No consumer or student debt. I love buying nice tech and gadgets, but I think I have my habit under control. 97% of my net worth is invested in real estate, bitcoin and stocks. SINK.
Ethnicity: White/Black
How did you first hear about FI/RE?
Did some research after my former employer wanted me to work more hours than I wanted to
Why do you want to reach Financial Independence/Retire Early?
To spend more time with friends and family. When I was in first or second grade I had an assignment to write about what I wanted to do when I grew up. I wrote that I wanted to “do whatever I want” and FIRE will allow me to do that.
How much do you spend per month? Save per month?
Spend around $2500/mo
What is your % savings rate?
60% after tax
Are you doing anything to achieve FI/RE faster? If yes, what?
Building my business.
Any advice you'd give to someone who has a similar FI/RE lifestyle as you, especially if it seemed hard or unattainable?
Focus on the big picture and start by figuring out way to make significantly more money or spend significantly less money. Two examples for saving are “slumming it” in your 20s with roommates to pay less for housing (I’m 28 and have always lived with roommates not because I like it but because the $100k after tax I’ve saved was worth it) and spending less on taxes by being more efficient.
Favorite FI/RE resources you’d like to share?
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