Rethinking 'Fuck You' money
tonywright.com
Rethinking 'Fuck You' money
1–10 of 172 posts
Re: Rethinking 'Fuck You' money
#2The first 3/4 of this article is fucking terrifying.
Re: Rethinking 'Fuck You' money
#3I think after you get fuck you money, your goal should be to create a lifestyle business. Something that can more or less run on autopilot and generate money for you to live on.
If you are a web guy, you can create some software product(or pay someone to build one for you). Then charge $50 a month...and you only need to make 6 sales a day(via adwords) to make $100K/yr.
If you are not...you can buy a franchise...i.e. McDonalds franchises make something like 1-2 million a year. And you as an owner don't need to do anything...just hire a good manager...and it'll more or less run on autopilot(from your perspective)
Re: Rethinking 'Fuck You' money
#4I think after you get fuck you money, your goal should be to create a lifestyle business. Something that can more or less run on autopilot and generate money for you to live on. If you are a web guy, you can create some software product(or pay someone to build one for you). Then charge $50 a month...and you only need to make 6 sales a day(via adwords) to make $100K/yr. If you are not...you can buy a franchise...i.e.…
If you can make something that makes you $100k/yr why wait until you have already made your fuck you money?
Re: Rethinking 'Fuck You' money
#5His premise seems flawed to me. He says people should forget about F@#$ You Money because you can't depend on it to grow in this bad economy. That's reasonable.
But then he suggests you aim for “f@#$ you influence and credibility” because it "allows you to charge $30k+ for a 1 hour speaking engagement". But I know people who used to make $10k per speaking engagement and they aren't getting much work lately. In my experience the first thing people cut in a bad economy are the expensive speakers and while influence can probably get you a magazine column I wouldn't expect that to pay much at all.
So if the problem was finding a stable income in a bad economy his solution really didn't solve it.
Re: Rethinking 'Fuck You' money
#6The first 3/4 of this article is fucking terrifying .
If you are not fucking terrified at the moment you're not paying attention.
Re: Rethinking 'Fuck You' money
#7what's the moral of this story? you most likely, even if you make a good amount of money, will not escape the anxiety associated with money. or, escaping the anxiety associated with money is not accomplished by making money. the idea of fuck you money is for kids. being able to say fuck you to anyone is more about what you've got on the inside than what you've got on the outside.
Re: Rethinking 'Fuck You' money
#8A very easy solution to this: Go live in a cheaper country. Go now, before the heavily debted countries lock down money transfers (In which case, buy gold/silver)
Re: Rethinking 'Fuck You' money
#9His premise seems flawed to me. He says people should forget about F@#$ You Money because you can't depend on it to grow in this bad economy. That's reasonable. But then he suggests you aim for “f@#$ you influence and credibility” because it "allows you to charge $30k+ for a 1 hour speaking engagement". But I know people who used to make $10k per speaking engagement and they aren't getting much work lately. In my exp…
He's saying you should forgt about a few million and go for a few billion.
Re: Rethinking 'Fuck You' money
#10$5M is definitely not retirement money if you're only 30 years old. I figured at that age you'd need about $15M, and even at that you'd need to make sure you invest it properly to at least keep up with inflation.
I've always thought that FYM and retirement money are two different concepts. If I had FYM, I can quit my job. I would still be looking for what's next, but I can take my time. (Usual disclaimers apply re: deadlines)