Hi! I'm a 27 year old Brit looking for some interesting perspectives on my situation and plans from the mustachian crowd.
I would say that my wife and I are probably half- to two-thirds-committed to mustachianism. Basically, we have a few major expensive vices; we love to travel (especially internationally) and I can't imagine being happy about giving up a significant amount for any reason. I'm very much into my football (soccer to most of you) and that does cost a few thousands pounds a year for season tickets, travel to games and a Sky Sports subscription. And the two of us are very much into occasional experiences of gluttony at fancy-ass restaurants.
The more mustachian side of us is that we are hiving away 60%+ of our income (between us we probably scrape into a 6-figure income with bonuses etc. included) and at the moment our stash is earning 3% in a bank account so our assets will be liquid and ready for us to sell our first home (the flat we currently live in) in a year or two and upgrade to the home that we hope to raise kids in. From there I've provisionally budgeted for two kids at about £250,000 each (some average figures I've found) and a weekly spend for me and the missus of abut £400 per week (inflation adjusted over time) for everything other than mortgage payments. We'll be "saving" money out of this budget to go towards the holidays. Everything else is to be stashed.
I'm looking for opinions on whether or not (and why) people think it would be "worth" kicking up the mustachian level. As it stands, my proposed figures have me dropping down to a 4 day week in 4-5 years' time (because I'm expecting to get a promotion to a decent management level by then, and I'd be worried about going for the promotion if I'd signalled to work that I was not a "fully committed" employee) and then working another 15 or so years until FIRE at 46 or 47. That sounds pretty damn good, but another part of me would like to save harder, drop the weekly spending, and leave the workforce sooner. That could potentially sound even better.
With that said, a part of me fears that I'd be retiring from work and not to something else (beyond entertainment and pleasure like cheap out-of-holiday-season travel, TV, video games, country walks etc.). On that point, I note that my father "accidentally" retired in his 40s (he was let go from work but then realised he had enough money to be FIRE if he sold up his expensive London home and replaced it with something smaller in a cheaper locale) and he seems pretty delighted to just watch TV with mum and walk around and see friends and family all the time without too much yearning, apparently, for anything greater in life. And I am pretty jealous of him for his lifestyle. So I'd be grateful for people's thoughts. Cheers!