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31M with slim savings is there still time to FIRE?
Author Summary
Captain-Exhaustion is age 31
Post Body

Hey everyone, I'm finally posting here after reading posts for a long while.

I'm 31M single-income earner in my household with an income of 103k/year.
I'm an international working from a abroad to a US company, so while I have access to index funds, I don't have access to 401ks and similar retirement plans.

I currently have about 6K in 0% interest debt, a paid off 2016 nissan versa, a little over 20k in savings invested, and a 60k house in my country that is already paid for. (a decent house here costs about 300-500k US).

My current monthly expenses come to about 4k USD, and I should be done paying for my debt in February.

I should be able to save 3.5-4k USD a month now that I finished furnishing my house and taking care of paying off most of my debt, but I don't know how much I need to get to in order to fire.

My projections have me hitting about 600k USD in 8 years, but I don't feel that's enough to cover my 3.5-4k USD COL.

Should I trim down my cost? Work longer? Invest better? I appreciate any advice ya'll have.
Thanks

Author
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90%
Account Age
5 years
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Profile updated: 2 days ago
Posts updated: 8 months ago

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Age
31
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Posted
1 year ago