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Are Current FI Success Stories Sustainable?
I love listening to the Money Show podcast to get some extra motivation and tips; however, I am the dad of 3 teen/pre-teen boys. Given that perspective, I often wonder if the success stories we hear about are sustainable once/if kids are brought into the equation. When FI to some is living on $30k a year and getting enough passive income to do so, what happens if they ever decide to have kids, or the toddlers they have now grow up and start costing more to feed and take care of?
Hopefully, and most likely, they are continuing to add to their wealth in such a way that their passive income grows to match their growing cost per year.
Nonetheless, they are great stories and still motivate me. Keep going strong!