MedSaver's Journal

[MedSaver]

Not that reducing this line item matters financially at your income level, but I am intensely curious how two people manage to spend $1800/month on food. Is there some waste reduction that could happen here?

It's 2 reasons. We usually treat friends/family when we eat out. Probably on average 2 times per month, resulting in "overages" of a few hundred dollars. The other is that we are including restaurants when we travel and those tend to be more expensive than those we frequent at home.

[DutchGirl]

So close to the $4 million! But you'll get there, no doubt.

Do you have a favorite dining out experience that you can tell us about? A favorite chef, or favorite restaurant?

[MedSaver]

April 2024 Update

Assets:

IRA/Brokerage/403b/457/cash: $3,348,966
Estimated Home Worth: $1,200,000

Liabilities:
Mortgage: $661,918 @ 2.75% fixed

Net: $3,887,048

[MedSaver]

So close to the $4 million! But you'll get there, no doubt.

Do you have a favorite dining out experience that you can tell us about? A favorite chef, or favorite restaurant?

The only thing I can say is, if you love food, go to Tokyo. They can do almost everything very well.

[thef0x]

Wondering if you're read any pushback on the 4% or 3% rule. Specifically: https://www.madfientist.com/discretiona ... -strategy/

For folks with a serious nestegg like yourself, this strategy becomes possible specifically because discretionary spending eats up a large amount of ongoing spending (in madFientist's example, his is 50%).

I'd be curious to hear your thoughts as I'm in a similar boat NW wise and flirting with these ideas myself.

Also, any specifics eating in Tokyo? I'm planning on going this Fall. Cheers and congrats on your continued successes!