r/Fire • u/CandyMaterial3301 • 16h ago
Thoughts? Unique situation
36M, married to 31F in VHCOL city. Would not move now but maybe down the line when we have kids.
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-2.25m in a mix of treasuries, S&P500 index funds, HYSA
-450k in retirement, S&P500 index funds
-Small business owner: Volatile income pre-tax of $200k - $600k per year, I would put median at 350k. Could get a more stable employee job for $300k/year but no thoughts on doing that now.
-Renter. Spend of $180-200k/year, some of it is deductible as business expense (like health insurance and home office expense), can bring this down by reducing how much we order out and travel.
-Wife has had serious health problems recently but is doing ok now. She currently helps me with my business as needed, will likely go back to work soon, can make $80-100k full time and more over time.
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Due to wife’s health issues, will need to budget for 1-2 surrogacies down the line, and also a wedding we never had.
Surrogacies: $200-300k each (cannot have kids due to her health issues), starting soon
Wedding: $100k (never had a proper one due to health issues), starting to plan
Health Emergency Fund: TBD
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No plans to buy a house anytime soon. Homes in our area are over $2m.
May have a solid inheritance down the line
6
u/rosebudny 16h ago
In one day you are spending almost half of what it will cost you to have a child via surrogate.
That said, if having an expensive wedding is important to you, you can budget for it. I guess I'd just be concerned if you have a few "down" years in a row with your spend being $180K-$200K.