1–10 of 17 posts
What's the minimum amount of money you'd need to have to consider yourself having "fuck you money", thus allowing you to tick off that box on your list?
It currently sits at around $20 million USD.
If you go through the calculations you often find the numbers not as high as you think.
I actually went though everything I want in my 'awesome but not extravagant' life, and it came to a total of just slightly over $250k a year. (and that's with tax calculations included) If you go through the calculations you often find the numbers not as high as you think.
I actually went though everything I want in my 'awesome but not extravagant' life, and it came to a total of just slightly over $250k a year. (and that's with tax calculations included) If you go through the calculations you often find the numbers not as high as you think.
It should most likely be the value of current, highly liquid assets that ensure one's long term financial security and independence.
A steady income of $250k a year should be enough for most people to enjoy a very comfortable life and potentially build up a certain amount of wealth. But what happens if you loose that stream of income (due to illness or a change in economic or political factors)? You may run out of your accumulated savings quite quickly and in turn loose your independence and security.
So far, the suggestions have been: $2 million, $6 million and $20 million.