r/SwissFIRE • u/EconomiadeVerdad • 12d ago

ChubbyFIRE wealth level depending on residence canton

Hi there, I'm a 28M Spanish guy, and my wife and I recently decided to move within ~2 years to Switzerland for good (already started learning German and so on).

I know that there's no such a thing as a magic undisputed wealth number to be considered as ChubbyFIRE, but I'm curious how this approximate level can vary from canton to canton because of taxes, cost of living, home prices... Has someone any data about it?

Danke und LG.

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u/summerFIREinCh 10d ago

We live in Basel, spending 150k per year with 1 kid at kita age. We have cleaning lady, babysitter, kita, travel 2-3 times a year intercontinental and own holiday home in the south, pay for grandparents for some big family trip once in a while. Depends on the set up, you might not need so much to chubby fire, in our case, 150k is good level, at 4% swr, it’s 3.75m

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u/EconomiadeVerdad 10d ago

Nice insights, ty! Are you paying mortgage all the way, just interests keeping principal at 65%, or renting?

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u/summerFIREinCh 10d ago

We don’t pay back principal and our saron margin is super good. So mortgage cost very very very low considering we live in EFH in a good location. Thats part of the reason we can spend generously on other things and still keep spend sane

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u/EconomiadeVerdad 10d ago

Thank you! I hope you both enjoy your child and your FI, sure you deserve it well.

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u/summerFIREinCh 8d ago

Thank you. We enjoy Spain very much and have a holiday home near Valencia, a big part of me pursuing fire is to have time enjoy the beach and life style in Spain. :)

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u/EconomiadeVerdad 7d ago

Glad to hear that! You should go a little bit south to La Manga del Mar Menor, we have a holiday home there... check some photos out in Google :)