so I came across as judgemental in my previous post, mostly because of my use of the word “insane”. I was using it as a current english terminology which does not imply that somebody is insane, but I have aended myprevious post and asked to read it as “very high”.
Mr money mustache on the other hand was and is very judgemental - I think is part of his appeal.
I think @finalcountdown has an impressive list of accomplishments:
- saving rate of 75%
- usage of ETF, financial situation which is excellent.
But he is asking if the budget makes sense, and it seems he thinks that it may be too high:
It feels like we are spending a fortune. Travel is important and although we could go lower this is probably one of the last things we would reduce…
To it seems that you are experiencing at least some kind of self-reflection in your budget. I will had some thoughts, all without knowing your situation exactly:
Yes, compared to a lot of swiss households you are spending a fortune.
Compared to other FIRE budget that I saw I don’t see any voice for charity, or any mentions of voluntary work etc. Maybe you implied in your budget, maybe not. Is just a discrepancy I’m observing, if you have the intention to give back something you should budget for it.
24k traveling a year to me it implies a lot of planes trip. if you are FIRE, you can experience slow travel with no stress. Train, bikes,ferries, renting a van…all chepaer and better for the environment! Are you sure you are not projecting your current situation (traveling while working may include lots of plane to save time) to a new future where you have all time in the world?
are you budgeting 4k for rent in your FIRE world as well? or is your current situation? if you are traveling, I would definitely spend less in rent for my living situation.
I think overall you are calclulating your FIRE target based on your spending now. Have you tried to calculate your spending while FIRE? You may need less money fr work clothes etc.
How big is the family? 1k for health insurance seems a bit too much if you are only 2 persons, particularly with so much stash you can easily afford the max franchise. I don’t see a voice for kids so maybe they are already grown up or not in the picture.