The problem with living off your investments instead of a paid salary is that your "means" is not well defined. Is my means 3% WR, 3.5, or 4? And how about future SS?
As I have bragged about it before, when I input our future SS into FIRECalc and cranked up WR to just the point of failure, it told me I could spend a heck of a lot more money than I do now. Do I consider that level my "means"? I dunno.
I am actually spending much less now than when I was still working, mainly because my children are grown. But as more of the expenses are now for leisure compared to the past, I often feel like I am living above my means, even though I am still quite frugal.
PS. I am done with the house exterior staining for today, I think. That DIY work proves that I am frugal and LBYM.