I’m a mother, an immigrant.
In a previous life, I have what appeared to be a track record of career successes: partner track at a prestigious management consulting firm, an MBA from a top school, then later, a product manager at a top-notch tech company (a FAANG).
But I felt scared, lost, and unfulfilled, ALL THE TIME.
There’s always another step I could climb, another person I could beat, and way more money I could make.
Along the way, I was lucky enough to meet a wonderful guy and got married to him, but I didn’t feel fulfilled because work and career success defined how I value myself.
Something had to change.
Over the last decade, I went on a journey to heal from traumas of the past and to discover what I truly want in life, which I have seldom asked myself in my years of racing to the top with the rest of the rats, aimless and clueless.
I started this blog because I want to share my learnings and knowledge with the underdog: women who want to get rich or retirees who are trying to catch up later in life.
Fatfire Woman is the best personal finance blog that helps you optimize life based on the values that matter most to you.
What is FatFIRE?
FIRE stands for “Financial Independence, Retiring Early.”
It’s a goal to retire early (RE) and become financially independent, free from miserable bosses and soul-crushing jobs.
To achieve FIRE, we commit to living way below our means and save more than 50% income, much higher than the typical 10% recommended by financial advisors today.
There’s an entire subreddit of people dedicated to accomplishing this ambitious, lifelong goal.
As FI/RE gained popularity, people began to take it to different paths.
A group of people became LeanFIRE, taking frugality to the extreme. These people live in low cost of living areas and live on a very limited budget.
While a FIRE family needs 1 to 2 million dollars to get FIRE’d, a LeanFIRE family needs only $300K to $500K.
Another group of people, myself included, wanted to FatFIRE.
Everybody’s FatFIRE vision is different, but it usually means being able to live and travel very comfortably and afford expensive hobbies and material possessions that best suit your lifestyle and needs.
For me, being FatFIRE is not about luxury or expensive hobbies.
FatFIRE means I can afford the best education and healthcare for my entire family. And that I can afford to take time off and be with my kids, travel extensively around the world, and write blogs like this to spread my thinking.
I want to go to bed without dreading about what I “have” to do the next day. I want to go to wake up whenever I want (well, except when my kids need me). I want my boss to be my customers and reads only.
Becoming FatFIRE means I can take care of my aging parents and allow them to live a dignified, comfortable life no matter how sick they get.
FatFIRE means I can go see the best doctors and conduct routine checkups whenever I want.
Fatfire means I can buy a house in the #1 public school district in my state, and spend more time with my kids, the time my parents never gave to me because they were too stressed out from working and surviving.
My family already has FIRE’d. But our FatFIRE goal is 5.4 million dollars, and we are not there yet, but getting closer every day.
I have a full-time job and so does my husband. Together, we make around $500K a year.
We could both make more if we worked harder, and certainly, a lot of people in our positions make $750K to $1 million together.
This might sound crazy to some of you, but it is a huge psychological shift for me to NOT feel like failure because we have consciously chosen to make “less” than our maximum.
In fact, my entire identity has been so tied up to my professional success and measuring myself against others, that I see a psychologist on a regular basis just to make sure I am okay living according to what makes me fulfilled and content, not what looks good on LinkedIn.
Come join me on this journey. Let’s discover our values and figure out how we can create habits that best align with how we really want to really live.
Who Should FatFire?
It is my mission in life to help women, minorities, the elderly, and other disadvantaged people to become financially empowered.
Freedom doesn’t only belong to a 21-year-old bro who got lucky with bitcoin. Although my thoughts and prayers also go to this 21-year-old boy because he has so much more to learn and a life that’s guaranteed to still be full of struggles, disappointment, rejections, and grief – like all of us do.
But let’s talk about women for a second.
Women who take control of their lives transform themselves and their families. We already know that. So why aren’t more women part of the growing trend toward achieving high net worth?
It is because it gets SO DAMN HARD after you have kids. I get it. I’m a mother.
Many elderly people have worked hard all of their lives, only to be left with barely anything to survive because nobody has taught them financial literacy.
And what about the disadvantaged people everywhere who did not grow up with a trust fund and is sacked by debt?
I think a lot about why some people succeed wildly and others do not.
And most of it is not due to hard work or luck.
It is the lack of knowledge and information.
I’m not talking about stock tips or how to make money fast: these are the exact scams our society has created to keep people in poverty.
I’m talking about the knowledge you need to learn to form habits, discover values, understand feelings.
I’m talking about knowing yourself, your weaknesses, what you want, and then knowing how you can learn the skills to achieve your goals.
Wealth is not a dirty word for evil rich white people. Wealth belongs to all of us. Chase after wealth.
So want fatFIRE? You have to learn economic theories, the history of times, cognitive psychology, and mental models you need to act today, and repeat every day.
If you are cluelessly living through life and letting your emotions wreak havoc, you can’t be wealthy.
If you don’t understand how money works and why debt is used throughout history to enslave humans, you can’t be rich.
In this blog, you’ll only find long, detailed posts.
I thoroughly analyze a topic and write about it, so that you’ll get the answer you need to make the best decision for your life.
FatFire Woman Values to Live By
Here are the 10 values I strive to live by every day. I am going to talk a lot about how these values manifest themselves in the decisions I make: both financially and otherwise.
Fatfire Woman Values:
- Loving your family starts with loving yourself.
- Build your character through generosity, integrity, fairness, and courage.
- You can be honest as long as you can also be kind.
- Work hard and take risks. You will never regret either.
- Consistently prioritize your physical and mental health.
- Listen to your children.
- Ask for what you want.
- Outsource and automate when you are overwhelmed.
- You might as well have fun.
- Reach out. Get hurt. Repeat. This is life.
That’s it for now.
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As of today, 100% of the content on this website is written by me. There is no catch; I want to share everything that’s helped me to conquer my fears and realize my ideal life, so you can realize yours.
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