You know you’ve reached a new level of independence when you can look at someone like your boss in the eye and say “f—you.” You’re able to do this because you aren’t depending on him or her for your next paycheck. You’ve got enough “F—you” money or “freedom money” stashed away.
Urban Dictionary defines it as “the exact amount of money required in order to tell an individual or organization off without facing repercussions.” In other words, “it’s the amount of money you need to live the kind of life you want to live, without selling your soul to the man.”
●If you’ve ever heard of the FIRE movement, this is similar to that. FIRE stands for “Financial Independence, Retire Early.” It’s an appealing financial goal for most because you aren’t chained to a job your hate or the paycheck-to-paycheck lifestyle.
So how do you get your hands on this “F—you” money?
●Some believe investing is the best approach either in to real estate or the stock market.
●Similar to how you save for an emergency fund, you could stash away some money from every paycheck.
There’s a calculator that will help you determine how much money you can afford to save or invest.
Source: Vice