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    Reichen 1,5 Millionen US-Dollar (1,3 Millionen Euro) für reguläres FIRE in Bulgarien? Ich habe gehört, dass die Lebenshaltungskosten stark gestiegen sind.


    Reichen 1,5 Millionen US-Dollar (1,3 Millionen Euro) für reguläres FIRE in Bulgarien? Ich habe gehört, dass die Lebenshaltungskosten stark gestiegen sind. Was wäre eine realistische Feuerzahl?

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    Von Sunny_Me_4849

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    29 Kommentare

    1. Few-Age3034 on

      First time I’m hearing of this. Most pensioners live on ≈500€ per month. You’ll be fine.

    2. Old_Afternoon_5803 on

      В България 90% от хората не са виждали 4944$ .

    4. Green_Attitude_3474 on

      If your withdraw rate is 4% annual, that would be around 4500 euros a month. Rent plus bills in big cities would be around 1000 euros, so yes you will have a decent life in Bulgaria.

    5. OGMemecenterDweller on

      With $5k/mo you can easily pay off a house (not counting the capital) in a few years and after that forget about worrying about money ever again. Like less than 1% of Bulgarians earn more than $3k/mo, nevermind $5k

    6. DruckerTheTrucker on

      Yet another daily thread of a foreigner planning to move here and drive up housing/living costs for the locals. It’s over.

    7. SmeshU on

      Thats enough for a normal life for a family of 3 here, even in the capital. For a single person its great.

    8. afrontender on

      I’m not aware of how this FIRE works.

      If you have this amount in cache you can invest 50% of it in S&P 500 which with compound interest would make your monthly spending of $4944 almost free.

      What I mean – let’s say you have 1.5 mil cache, invest $750k in S&P 500 which on average has 8-10% return. In 10 years your $750k would be at least $1,619,193.

    9. ivo_sotirov on

      Congratulations on hitting your goals. Yes this is plenty for a FIRE in Bulgaria. Cost of living is going up, same as every where else, but Bulgaria still offers a good balance compared to cheaper/more expensive countries. As long as you keep on top of your balance, and are mindful about your expenses, you can make it easy with good comfort 

    10. Lower-Fig8005 on

      Yes just choose small town/ village. You can buy a pretty decent house in a village for 100-120 k EUR. Need another 20k to update it and live happily ever after. Generaly try to choose a Bulgarian village or one populated with the Turkish minority. Good luck :). With the Roma minority some problems are possible (not nessecerly thought)

    11. Spre4 on

      With this statistic, you can live comfortably depending on what you want to do. I will put it like this, a young family (30s) with one child and no mortgage spends between 1.5 to 2.5 k euros a month if they want ot live comfortably with no limits – of course not going to the fancies of places, but you know.

    12. AmbitiousBear351 on

      It will be enough, but keep in mind that even though most Bulgarians in the comments will tell you rent and bills won’t exceed 1000EUR, Americans tend to have a different understanding of what level of housing quality and size is considered acceptable and tend to pay a lot more than that in Sofia for the most premium apartments that will match what they had in the US.

    13. Kaloyanicus on

      Can you please say what FIRE is? I know in the US you have 1000 terms and I would expect to see the full name or an explanation of what this abbreviation means.

    14. bowlol on

      With 5K USD in Bulgaria you will be fine and enjoy the upper middle class way of living. If you live in a smaller town, your buying power will be at least 30% more compared to Sofia.

    16. Plazma_doge on

      Honestly depends on how you want to live and where.
      You will be like top 10-20% in sofia after spending 400k euro on a apartment and a car.

    18. explorerv on

      In case you’re not treating yourself according to some middle east or mobster standards, you can. In case your spending enter in the eyesight of the wrong people, no.

    20. Pinkninja11 on

      You can buy an apartment or a house for up to 300k and live off of 3-4 % worth of dividend payments easily.

    22. martochkata on

      I have run calculations, if you are looking to have a decent inflation adjusted income for the rest of your life, meaning middle class urban living, you need to be looking at around €1.9-2m. That’s moderately conservative.

    23. SuperProcedure6562 on

      I’m Bulgarian FIRED a year ago – my NW is €1.8M ($2.1M) although it’s tied in 6 apartments in the capital. You can retire with $1M if you don’t live in the capital – a rent in top 20 city/town is possible for €200 per month and for €800 more you can live an OK life thus €12k per year should be enough. Multiply this by 25 due to the 4% rule = 300k EUR.

    24. venchev on

      If you do decide to do this check-in with an accountant specializing in taxes, because if you’re regularly withdrawing sums it could be considered „business“ and you might need to pay income tax on that aside from the capital gains tax.
      Additionally check with the country of origin’s tax law to see if you owe something for bringing all that capital out of the country. Some countries like to tax this (I believe Germany)

    25. NoAcanthocephala4567 on

      OP, having to spend 5k USD in Bulgaria you will live like a king. Probably 5% of the population of Bulgaria earns that much, let alone spend it.

    26. AllTheTimeOTR on

      Well,if you have that amount considering it is in Euro(or USD) invested in dividend stocks with a 3-4% yield,you would be upper-middle-class

    27. Bob_Loblaw_1 on

      Why are you even entertaining this douche? He knows it’s more than enough. He’s only posting to humble brag and get a reaction.

    28. 01battler on

      FIRE е огън, колеги, и без пари може да го постигнеш, стига да гориш за нещо!

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