$1T.
Ask HN: What's the minimum amount of money you'd consider to be FU money?
11–17 of 17 posts
Re: Ask HN: What's the minimum amount of money you'd consider to be FU money?
#12i say $55 billion Dollars will do the job. ;)
i really like the titles "Sir" and "The wealthiest man in the world" ..
I hope im not day dreaming .. again.. :)
Re: Ask HN: What's the minimum amount of money you'd consider to be FU money?
#13Are you trying to get FU money to quit everything, or FU money to reorganize and attempt something?
I've always called that a freedom number, $7m in the bank, live off the interest. Enough income that I would not be required to do anything to ensure a somewhat healthy survival. No having to worry about deadlines for projects, hustling to get a new contract from a client signed, etc. That doesn't mean I stop working on tech, it means that I start working on tech that I want to work on.
I'm sort of lucky in that my current job does include a lot of things I enjoy working on, but, does contain some drudgery that I don't enjoy. Is it worth 20x7? Maybe.
Or, are you looking for FU money to go out and start your own thing? In that case, 3x annual subsistance for you and a few partners, then budget 18 months to have a marketable product/service. You leave the current situation and take control of your own destiny.
There are ways to generate passive income if you have excess income from your current situation. You just need to define what type of FU money you're looking for.
Re: Ask HN: What's the minimum amount of money you'd consider to be FU money?
#14Work out what your monthly expenditures are going to be. In the UK, these would include rent and rates, probably monthly mortgage payments if you own the property in which you live, your monthly utilities (electricity, broadband, phone, TV, water, gas) and all the other things you need to pay for each month such as magazine subscriptions.
Do you have a car? Work out the running costs. Fuel, repairs and maintenance, insurance, car tax or whatever your country charges for annual registration.
Add 20% to this figure to take inflation into account.
Now double the running total to cover the basics of food, consumables, kitchen and bathroom supplies, soap etc.
Double the running total again to cover clothes, fancy gadgets and fun stuff.
This is still only a monthly figure. To work out a minimum amount of Fuck You Money, multiply this figure by 60 to give you the minimum that you can live on for five years without having to go and look for more money, or by 120 to allow you financial independence for 10 years.
Re: Ask HN: What's the minimum amount of money you'd consider to be FU money?
#15[deleted]
Re: Ask HN: What's the minimum amount of money you'd consider to be FU money?
#16Can't say where's the fine line (if any ..)
Would $4M be FU money? Yea, definitely.
Would $1M do it? Hm, I'm not really sure. I'm sure it would be very fortunate to have that amount (I'd be able to pay college debts for all my family and move somewhere else), but I'm not sure how long it would last me.
Re: Ask HN: What's the minimum amount of money you'd consider to be FU money?
#17$10M - It covers the reasonable standard of living outlined by some of the other commenters plus enables you to purchase a nice (in some areas VERY nice) home with cash.