What is the minimum amount one needs to be in the position of "FU"?

[JWelch]

In the past I told my boss to go F*ck himself with less than $400 in my bank account.
Does that constitute "F*ck you money"?

 

[GMSI7D]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

very simple , a guy in France made a video.

we are talking about being free here, not rich. let's be clear.

firing your boss means you are free as well, not the next bilionaire, let's be realistic


ok, after this warning,here is a french guy who made it

you don't understand french but you can still watch the video and have a hint about his lifestyle


again, we are talking about freedom : you have no boss anymore

so this is not the milionaire life.



the guy is free and all he needeed was 30 000 us dollars to own his empire in the wood

View: https://www.youtube.com/watch?v=QWkGTm_FnWk

 

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[luniac]

rent money

 

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[10lapsdown]

I have a rough number calculated exactly as @LuckyPup put it above. I could halve it if my wife & I wanted to move to a nearby seaside town rather than living in the city. I could halve it by downsizing our house and thus reducing our mortgage. I could've halved it by not having kids(!!).
But what that number was used for and how it has changed over the years has been directly proportional to my life and what makes me happy. Also what I have learned and decided is truly important to me. At it's most basic, when I was younger it was a number that meant I could live large and luxuriously. These days, to be honest, the number reflects the one thing I want to do more than anything; get up with my kids in the morning, have breakfast, get them ready and drop them at school. And just as importantly; be there to pick them up after their day is done. And that is what it's really all about as others have said; time. The time to be happy. Find what makes you really happy and the time to do it and then look for a number that provides you the freedom to pursue it.

 

[Rabelo]

Or, you could follow the link to his name and find it.

i'm on it. thanks a lot Sir

 

[cutthroughstatic]

Great replies in this thread.

Your mindset is on money, a dollar figure. You need to shift your mindset. It's flawed.

I used to make a lot more money. I also used to spend a lot more money. By the time I quit my job, moved cross country, and started a business, I had no money. I had maxed out credit cards and a bank account balance teetering between $500 and $0.

I had learned enough in my "slowlane" regular job to have the confidence to enter the industry on my own. I wasn't waiting for a specific dollar amount saved or a replacement income stream. My focus had been to invest in experience and expertise - once I knew I could have success on my own, I went out and did it.

While my debt situation is better now, I can tell you after almost a year in business that I still definitely don't make as much as I used to. But it doesn't feel like work, and what I'm building is a long term play.

Don't focus on the monetary aspect. It's important, but your monetary needs are different from anyone else's. If you feel that you can provide value, and have the expertise to give you the confidence to go out and freaking crush it, then do it.

My guess is, since you asked this question, you're not there yet. You'll know when you're ready.

 

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[Thoelt53]

You need at least $28,459 in your fastlane forum rep bank.

@Rabelo F*ck you.

I'm not so sure...

My math comes out to $28,469 rep dollars.

 

[StevieB]

I almost spit out my coke when you asked for an "exact amount".

There's no exact amount, and you're thinking the wrong way.

A better question would be, when did you feel the time was right to quit your slowlane job?

Elon Musk had a few good quotes about this a while back. He said he lived off hot dogs for a while, basically living off almost nothing - $1 / day , that's when he decided he could be an Entrepreneur.

 

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[Xeon]

very simple , a guy in France made a video.

we are talking about being free here, not rich. let's be clear.

firing your boss means you are free as well, not the next bilionaire, let's be realistic


ok, after this warning,here is a french guy who made it

you don't understand french but you can still watch the video and have a hint about his lifestyle


again, we are talking about freedom : you have no boss anymore

so this is not the milionaire life.



the guy is free and all he needeed was 30 000 us dollars to own his empire in the wood

View: https://www.youtube.com/watch?v=QWkGTm_FnWk

This guy is a f'ing legend!

 

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[sparechange]

in theory you can be a bum on the street and be able to have freedom

you can start today!


luxury on the other hand when your flying in a jet, chauffeured in a limo etc...$5-$10m id say

 

[GMSI7D]

This guy is a f'ing legend!

the guy is a local legend but what's interesting is that he is safe , far away from the civil war that's coming in France

while people will fight for their life in the street against looters, he will probably gather with farmers and build a local empire

 

[LuckyPup]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

Everybody's number is different. Here's mine: (passive income) + (wealth creation margin) - (expenses) = FUN, where passive income is an amount of income you generate that is not directly correlated to time, effort or location; expenses is the amount required to fulfill your needs and live the lifestyle you desire, and wealth creation margin is the money remaining to reinvest, build and grow long term wealth. Just make sure you have the N before you say FU. I did it backwards.

 

[Autobahn1985]

@V8Bill s Audiobook helped me a great deal calculating this number. While property and housing is immensly expensive here in germany, I could still live comfotably with like 3500 Euro. These are the basics. So I double that amount, and I need 7k a month after taxes. Get that in passive income, and you reached the FU stage... No lambos on this budget, but my Nissan 370z convertible and an infiniti SUV are much more bang for a buck anyways... In the narrow streets of my city, I would probably have my lambo dented by some old lady driver, anyways

 

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[Rabelo]

Why?

thing is,even though i'm still a student, i have been earning income that is way more than i usually spend , i want to know, is the feeling different when one is earning 7 figure income..if so....what is the exact amount

 

[Rabelo]

@V8Bill wrote a good little book about this. I'm too lazy to look for the link. Maybe he'll pop in and drop it.

ok, thanks.i would appreciate the book

 

[Rabelo]

Do you want to live here?

Or here?

Or somewhere in between?

The answer will help determine your #.

i want to live here..not on the first picture or in between.

 

[Tanisha]

Do you want to live here?

Or here?

Or somewhere in between?

The answer will help determine your #.

but the bigger home will require more property taxes maintenance etc plus we dont know how much that would go up which could be exponentially

 

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[Tim Allen Jr.]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

For me it was when I hit 2.5k and knew I could grow my business. For me, the it was an fu 'event', not necessarily fu money.

 

[V8Bill]

Or, you could follow the link to his name and find it.

Thanks @jon.a @Rabelo just follow the link in my signature to read the little story of my near wealth experience and download the audiobook.

Hope it helps.

 

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[Christopher777]

That's how you make a decision? And in this case, a crucial one?

If money is the only factor you have, you might as well marry your boss.

 

[Lionhearted]

Do you want to live here?

Or here?

Or somewhere in between?

The answer will help determine your #.

I don't want to own either but I want to be able to rent either one when ever and for as long as I care to hang out in it.

 

[Xeon]

A hundred-thousandaire can say F*ck You to average middle class but get F*ck You'd by a millionaire.

A millionaire can say F*ck You to a hundred-thousandaire but get F*ck You'd by a hundred-millionaire.

A billionaire can say F*ck You to a multi-millionaire but get F*ck You'd by a hundred-billionaire.

And Bill Gates can say FU to the entire planet.

 

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[Brander]

"F*ck you" is a mindset not a money amount. Another answer - depends on your expenses.

 

[Xeon]

the guy is a local legend but what's interesting is that he is safe , far away from the civil war that's coming in France

while people will fight for their life in the street against looters, he will probably gather with farmers and build a local empire

What about finding soulmates? Does he have a wife /gf already?

 

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[Deleted50669]

Do you want to live here?

Or here?

Or somewhere in between?

The answer will help determine your #.

404Profound likey.