Read Millionaire Fastlane
- May 2, 2012
Sounds like we are seeing eye to eye on this, but in stark opposition to most on here.I think the question is where is the financially free line to each person? Remember it's all relative to the mindset of the person. I think I am financially free, however I can't afford a yacht or a private jet. Someone who is making $100k a year, they would look at me and say that I'm financially free. But someone with $25M probably would not.
We talk about someone sacrificing by not going to restaurants. A billionaire would talk about me sacrificing by not flying private. I think I'm ok at my current net worth level. Someone wealthier may not, they may think I'm taking my foot off the pedal too early.
I think it's all relative, but I also agree that there is a poverty point where I roll my eyes when someone tells me they are financially free. It could be someone living in a tiny home in the middle of nowhere for me, for someone else it could be someone living in a free and clear house, but has only $2k coming in a month to live.
Like MJ, I don't look at restaurant prices. I can buy many things without thinking about it. But I can't get a new Mclaren without really thinking about it.