We have our 3rd kid on the way - is it worth it to splurge and get a custom home?

The article discusses the dilemma faced by a couple on r/fatFIRE subreddit who are contemplating spending a significant portion of their wealth on a custom home. With a net worth of $7 million and fat FIRE aspirations of $15 million, the decision to splurge $4 million could drastically affect their financial future. The piece highlights the dangers of emotional spending and the potential for their retirement plans to be compromised, especially given the rising costs of living, inflation, and family expenses.

It's important to consider whether a splurge on a custom home is worth sacrificing long-term financial goals, particularly when pursuing a fat FIRE.

A cautious approach to substantial spending is essential, especially in uncertain economic times that can impact retirement plans.

Read at 24/7 Wall St.