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Posted on 4/15/19 at 8:23 am to Halftrack
“Realistic” FU money is being to tell your boss to frick off, quit when you want, etc. If your time if more valuable than buying shite, FU money is very attainable. Say 30-50x yearly expenses.
This post was edited on 4/15/19 at 8:24 am
Posted on 4/15/19 at 8:55 am to 777Tiger
quote:
depending on how many exemptions you claim and if your state has an income tax, it's not too far off
Exemptions don’t exist anymore
Posted on 4/15/19 at 9:05 am to yellowfin
quote:
Exemptions don’t exist anymore
married plus whatever they call it on the w-4, plus SS, FICA, etc.
Posted on 4/15/19 at 9:12 am to saderade
quote:
what??? There is a lot you can’t do financially with only 125k per year.
Okay fine I can’t buy a fricking lambo and own a $4M house. But you can keep that shite. I’m talking about realistic goals. $125k annually pays for pretty much anything I need.
Posted on 4/15/19 at 9:18 am to Halftrack
Am I the only one reading this question for what it really is? Is this guy asking what price is it worth to kill his uncle?
Posted on 4/15/19 at 9:21 am to Halftrack
quote:
So, just in case, what is FU money??
Anything that generates at least $500k/year without your having to do anything other than keep breathing. The more you have over that, the bigger the FU can be.
Posted on 4/15/19 at 10:05 am to Halftrack
$5MM is definitely not FU money. Depending on your current age, you can easily blow through that with a few stupid purchases. FU money is where you can do basically anything you want and never go broke.
Posted on 4/15/19 at 10:41 am to Halftrack
FU money is just enough money to have the ability to tell anyone that asks anything of you "FU"
its really that simple. The number changes by person and lifestyle, but for me it would be mid 8 figures.
its really that simple. The number changes by person and lifestyle, but for me it would be mid 8 figures.
Posted on 4/15/19 at 10:55 am to Obtuse1
quote:
It is when you stop thinking about the buying power of money and start thinking about money as the ability to buy power.
Damn. I couldn't imagine ever being in that position but that's a great definition.
Posted on 4/15/19 at 11:18 am to Halftrack
Being able to live off interest on your your investments comfortably while still putting a greater percentage of interest gained back into your portfolio.
Being able to have a job you absolutely love doing even though it may not pay that much.
Not blowing your money on a new Tahoe, Range Rover Or g wagon.
Taking a few badass trips yearly
Being able to send your kids to the best schools in the city
Being able to have a job you absolutely love doing even though it may not pay that much.
Not blowing your money on a new Tahoe, Range Rover Or g wagon.
Taking a few badass trips yearly
Being able to send your kids to the best schools in the city
Posted on 4/15/19 at 11:35 am to Halftrack
I'd just need enough to buy a really nice house, and have enough left over to pay for necessities off the interest. However much that is.
This post was edited on 4/15/19 at 11:36 am
Posted on 4/15/19 at 11:48 am to Halftrack
I say 15 million
Posted on 4/15/19 at 1:35 pm to Halftrack
FU money is tied to generational wealth and other assets, in fact its not even really money.
FU money means you could blow all the cash/liquid assets you own, even if its tens of millions, and still live comfortably the rest of your life. This means multiple family properties, trusts, etc. that one single person can't actually screw up.
FU money means you could blow all the cash/liquid assets you own, even if its tens of millions, and still live comfortably the rest of your life. This means multiple family properties, trusts, etc. that one single person can't actually screw up.
Posted on 4/15/19 at 1:39 pm to Halftrack
quote:
what’s it going to take? $5 mil? $10mll.
You sound OT poor.
Carry on.
Posted on 4/15/19 at 1:56 pm to Halftrack
I was reading about James Hetfield donating a lot of property in Marin County to a wildlife and agricultural trust. He got tired of the diversity and stupid people and moved to Colorado and instead of selling to a developer, just donated it. He's worth close to $300 million, so that's definitely frick you money.
Posted on 4/15/19 at 2:06 pm to Caplewood
quote:
FU money is multigenerational imo. You can’t be new money and truly have FU money(outside of a few tech billionaires)
I view FU money more as you could walk out on your job and not be worried. 5M should certainly give someone that sort of confidence. A young person would eventually need to find more work of course.
There have been numerous occasions where I would have walked out with a finger in the air if I had even 1M cash in the bank.
Posted on 4/15/19 at 2:45 pm to yellowfin
quote:
If you have a boss then you don’t have FU money
Truest statement in the thread.
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