The Fuck You Money Guide 2023: Why You Need It and How To Get It
Last Updated on: November 12, 2022 by Andy Thompson | Fact Checked
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In this article, we will discuss The Fuck You Money Guide
People say that you can’t buy happiness with money.
Well… that’s not quite right.
Money can’t buy happiness, but it can help you make a life where you are truly happy.
You’re happy with where you are.
How much will you need to get there?
Fuck you money.
So, that’s it.
Table of Contents
What Is Fuck You Money?
“Fuck you money” is the amount of money that the average person needs to be able to say “Fuck you” to their boss and still be able to pay their bills in the long run.
“Fuck you money” means that you are financially independent and have multiple sources of income that allow you to live the way you want.
How much money a person needs to reach FU financial status varies from person to person.
In developing countries, it could be as low as $10,000, but in countries with a higher cost of living, it could be as high as $10 million.
“Fuck you money,” on the other hand, is usually enough for someone to live on for at least a few years, and ideally for the rest of their life.
What’s the difference between Fuck Your Money and a Disaster Fund?
As the name suggests, an emergency fund is a money you save up in case of an emergency. 51% of Americans have no more than three months’ worth of living costs saved up in case of an emergency.
But you can only use this money in an emergency, like if you get a big medical bill or lose your job.
The average person spends about $3,000 a month on things like food, rent, utilities, savings, etc.
So no more than $9,000 would be in their emergency fund.
On the other hand, fuck you money gives you the freedom to live life the way you want to.
Not in some far-off future when you retire at 67 when you’re too old to enjoy the freedom you’ve been saving for your whole life.
Fuck you money isn’t the same thing as FIRE either (Financial Independence Retire Early).
That’s just a fancy way of saying that you might be able to leave your job a decade or two early but have to live on less money than you do now.
You have to make a choice between using your savings or living on less money.
F you money doesn’t make you choose between these two things.
In other words, it is about having enough money to quit your job tomorrow morning without second thoughts.
The end goal is to not need one at all.
Why Do You Need It?
If you have Fuck you money, there are more reasons to be happy than not.
To begin with, let’s look at the most common ones:
Since you can quit whenever you want, you’ll never have to work in a job you dislike. You can back out of any deal that doesn’t feel right. It gives you a safety net when the economy is unstable.
You can fire clients you don’t want to work with anymore. You can retire early if that’s what you want to do. You can buy your way out of a bad relationship in which you share assets.
As a real digital nomad, you can go anywhere in the world.
That’s not even close to a complete list, mostly because everyone has a different idea of what the “perfect life” is.
Most likely, my “perfect” life won’t be like yours.
And that’s just fine.
If you say “Fuck you money,” you’ll never have to ask permission or explain why you’re doing something again.
The bottom line is that you don’t have to go broke like Tony Stark and have bad habits like him.
It just means that you no longer make decisions about your life based on the fear that you won’t be able to pay your bills or buy food.
Instead, they are based on how you would like your perfect day, week, or month to look.
One of the most important things about F you money is that it gives you a financial safety net when the economy is unstable.
Financial crises tend to happen in cycles, and if the last few years have taught us anything, it’s that the next one is just around the corner.
In other words, the smart thing to do right now is to have enough money in the bank to pay all your bills for a year or two.
How Much Fuck You Money Do You Need?
That is an excellent question.
It depends on things like where you live, the cost of living in your area, inflation, etc.
So I can’t give you a specific dollar amount here—it could be a million dollars for some and $50,000 for others.
What you want to do with your savings will also affect how much money you need.
Do you, for example, want to retire early or live in a van? Do you have a regular source of income other than your savings?
Here’s a quick mental exercise that shows the same thing.
Example 1: Jimmy has $10 million in the bank, which he draws on as and when needed for rent on his luxury apartment, payments on his car, lifestyle, vacations, etc.
Example 2: A 10 million dollar account containing Freddy’s money earns 2.5% interest. His Fuck you capital consists of a check for US$20,000 per month.
The first example shows how the average lottery winner handles his or her money.
Consequently, 70% of lottery winners and big-money losers go bankrupt within a few years.
Two examples are people who know that even a small amount of money can make a huge difference in the quality of their life and, in the long run, make a life-changing difference.
But let’s say you want to aim for a certain amount of money.
Okay, here’s how you go about doing that.
Figure out how much it will cost you to live for a whole year. This includes everything from your mortgage to the cost of your dog’s food, toilet paper, soap, etc.
Add 10% to that for things that won’t go as planned.
Multiply that total by the number of years you don’t want to work. For example, $30,000 times 40 years equals $1.2 million.
To account for inflation, add 2% per year.
Here is a calculator that will help you figure out how much your “fuck you” lifestyle will cost.
Don’t worry if you can’t think in terms of more than one year right now. Just figure out how much money you’d need to live for a year.
Because F-you money for 12 months is 12 times better than no money at all.
Not Just Cash
I can’t say this enough: Don’t put all of your F-you money in FIAT currencies and savings.
That’s putting all your eggs in one big basket, which is very risky right now.
In order to reduce your financial risk, it is advisable to invest in different asset classes, including real estate, gold, silver, cryptocurrencies, stocks, NFTs (Non-Fungible Tokens) and digital real estate.
It’s important to remember that I don’t have a lot of experience with money.
Make sure you do your homework here. Before making any big financial decisions, consult with a financial advisor or fiduciary.
How To Make Fuck You Money
It’s time to look at how you can raise enough capital to become financially independent now that you understand what it is and how much you need.
The good news is that there are multiple ways to approach this challenge.
Fuck you lifestyles are often created through a combination of multiple strategies.
Conduct a Personal Financial Audit
If you can’t remember the last time you sat down and looked at how much money you make and how much you spend each month, you need to read this…
Because you don’t know how you spend your money, you spend much more than you need to. And a lot of that money goes to things you don’t really need.
Only by writing down everything you spend money on each month can you get a clear picture of your finances.
Use an app like PocketGuard or a spreadsheet that you update every day to keep track of what you spend.
Then, look for and get rid of any silly spending habits you may have.
Let’s look at a couple of examples.
The average annual price of a gym membership is $500…
but when did you use your membership last?
If you don’t do it more than once a week, you can and should cut this cost.
Streaming services cost the average person $47 per month.
That’s another $564 a year that doesn’t need to be spent.
30% of adults in North America spend a monthly average of $57 on at least one subscription box.
That’s another $684 you can get rid of from your budget.
So far, you have saved $1,748 per year by not spending money on things or services you don’t need.
You can put that money right into a “Fuck You Fund” (FYF).
And the examples above are just the tip of the iceberg. Takeout food, smartphone plans, smoking, and eating out are all options you can consider.
Stop Living on Credit
If you have to use a credit card to pay for something, it means you can’t pay cash for it. Actually, you just paid for the item plus about 18% more because you used a credit card.
When you use any kind of credit, it’s the same thing: it’s not free money. It costs way too much.
If you don’t have a credit card, you can’t pay for basic things?
Go back to step 1 and do a financial audit of your own.
In the end, it comes down to this: If you have to pay for gas with a credit card, you won’t be able to save much money.
If you change your bad spending habits, you’ll get out of the bad situation you’re in and be one step closer to F-you money.
So far, we’ve talked about active ways to save money and cut down on monthly costs, but these steps will only get you so far.
But the way to real financial independence is to make it easier and more likely for you to make money by creating passive and/or additional streams of income.
If you don’t know what a “side hustle” is, it’s when someone starts and runs a business on the side while they still have a 9-to-5 job.
Most of the time, the goal is to make an extra $500 to $1,000 per month. In your case, this extra money would go into your FYF (after taxes).
Now, a hustle can be almost anything:
Poop scooping for dogs
On Fiverr, you can sell gigs
Providing babysitting services
Grooming for dogs
Training on a personal basis
Buying and selling on eBay
Providing music lessons
You get a general idea.
If you offer to pick up dog poop, for instance, you could have one of the most profitable side hustles.
The task of mowing the lawn, for instance, is not looked forward to by many people.
Is $50 a lawn mowing a good deal for you?
You will get $1,000 per month if you mow one lawn per working day.
Side hustles have one downside, however, which is that you only have so many waking hours in a day to work on them.
So, side jobs are great, but they can’t be scaled up.
In a perfect world, you’d be able to make money while you slept.
So, let’s talk about my favorite way to make money.
So, you’ll need a total of $127 to get your affiliate marketing business up and running. The only other investment you’ll need to make is time.
And if you do your research and build your site right, it can make almost all of its money for you for years.
But starting an affiliate marketing site is cool because:
Compared to day trading, it’s a relatively risk-free income
The value of a site once it’s mature and earning a steady income.
An old niche site with revenue of $3k per month that has been online for 2 years could be sold for anywhere from $100k to $135k.
Besides the $50,000–70,000 you have already made on the site, you could sell the site for $160,000–$200,000 if you are in the right niche.
Flipping a few well-planned and executed sites could make you wealthy enough to retire at an early age.
Sell Digital Assets
The best way to run a business is to make something just once and then sell it hundreds or thousands of times.
This is pretty much the main idea of “Millionaire Fastlane” by M.J. DeMarco, which is a great book for anyone who wants to start a digital business.
A good example of all of the above is a digital asset.
The following is not an exhaustive list.
Self-published novels or eBooks
Software extensions, add-ons, or plugins
Photos, videos, or sound effects from stock sources
Manuals of instructions
Plans for nutrition
Apps or games for mobile devices
Photoshop brushes and textures
Anything that can be turned into a digital file, put into a product, and sold.
Your production costs are mostly the amount of time you spend making the product. There are few or no storage costs, and the profit margins are usually well over 90%.
But the best part is that you can automate most of your marketing as well as the whole process of taking orders and sending them out.
Customer service is the only thing that takes time, but that can also be outsourced.
Courses are one type of digital asset that has become more and more popular in the last ten years or so.
Let’s take a look…
Sell A Course
People like to learn new things, which is why the online learning industry is currently worth an estimated $325 billion.
The cost of creating content and delivering an online course used to be high before not too long ago.
Now, though, you can make training materials and put them on Udemy in just a few days for almost no cost.
But you can charge $10 to $100 per student to download your course.
You don’t think you have any skills that could be useful to others?
Write down all of your work experience, hobbies, interests, qualifications, etc. on a list.
Then, go to Udemy and see if any of the things on your list are covered by a popular course there.
Then make a better version of that course and let Udemy promote it for you.
And one last thought about this part before we’re done.
Start your own business, whether it’s a side gig or a full-time job, and you’ll have F-you money in no time.
Being careful with your money can only get you so far. Adding $2,000 to $5,000 per month to your income, on the other hand, can completely change your life.
The Power of FU Money
Money is a very useful thing.
It can change your life and the lives of the people around you.
This is how.
Think about what it would be like to wake up tomorrow and not have to worry about anything.
Yes, your child could be crying, the dog next door could be barking nonstop, and you could have a terrible head cold.
But you don’t have to worry.
You own the house you just woke up in, all of your bills are paid in advance, you have six figures in the bank, and you get a steady income from more than one place.
Yes, if you had fuck you money, you could party all over the world and live like a minor celebrity.
But it also gives you the chance to live in real peace for the first time, maybe ever.
In the average person’s life, they get up early every morning and rush off to a job that they loathe and pays less than they need to survive.
It is rare for people to earn enough money each year to retire 20 years earlier.
Then, in the evening, they rush home, make dinner, play with the kids, and fall asleep. The next day, they do it all over again.
They will work five days a week for the next 40 years, or until they die or quit.
On the other hand, F-you wealth means that you have enough money to live the life you want.
When you are financially stable, you can help other people or animals.
It’s kind of like how airplanes tell you to put on your mask first.
This means that you need to take care of your own finances before you can be financially free and have the power to change the lives of others.
“Others” could be a local hospital, an organization that helps animals, or even a family member who is in a bad situation or has fallen on hard times.
And instead of just feeling bad about what you see, you can give them a lump sum of money.
That could be $50 or $50,000, but the point is that you won’t miss it.
And you can only do that because you are rich.
Spend Cash to Make It
It’s a sad fact of life that making money is usually easier if you already have some.
That doesn’t mean it’s impossible to start your “Fuck You Fund” on your own. It’s just a little bit easier if you’re not already under a lot of financial stress.
If you invest a little Fuck you money wisely, you can make some pretty good money.
Let’s say your FYF has $50,000 in it. That’s not enough for retirement, but there are plenty of ways to invest it.
Let’s say you know something about affiliate marketing already.
In that case, you could buy an existing affiliate website for $20,000, spend another $20,000 on content and links, and then sell it for maybe five to ten times what you paid for it.
If you keep increasing the size of your flips, you won’t have to wait long to make a million dollars.
It might be a good idea to use some of your FYF to secure a short-term loan or mortgage for a dirt-cheap property in your area. Once you’ve painted and cleaned the property yourself, brought it up to code, and sold it for 50% more than you paid, you’re done.
Fuck you money doesn’t always mean you have to spend the rest of your life sitting on your arse.
It can help you build wealth that will last for generations. The decisions you make today can help your grandchildren and great-grandchildren.
You can make a difference in the lives of people you’ll never meet.
Why You Might Never Need to Use Your FYF
The point of having Fuck you money is to be able to tell your boss to stick to their job and never have to answer to anyone else again.
It’s the kind of thing that makes dreams come true.
But you might find it interesting that there is a good chance you won’t have to use your fund at all.
If you are always worried about money or have a lot of debt, it is hard to enjoy anything in life. How can you “have fun” when you don’t know if you’ll be able to buy food this week?
Or, how can you concentrate on getting a promotion at work if you think you’re just a minimum-wage slave?
If you have Fuck you money, you might be able to enjoy your current job more because you know you don’t have to stay there forever. Or that you can quit your job and find one that you like better.
If you have fuck you money, you might be able to fix your relationship and spend less time fighting about money and more time having fun together.
So, no matter how much you want fuck your money, you might not need it for the reason you thought you did.
Just because you want to be financially independent doesn’t mean you want the status that comes with being wealthy.
You don’t want to buy a house or car that is too expensive just to show off.
Instead, what you want is the freedom to choose what to do with the other 16 hours of each day.
Enough money to be able to tell a boss, an employee, a business idea, etc., “No.”
The cool thing is that you don’t even need millions of dollars to do it.
You just need enough money so that you don’t have to worry about money.
I think the best way to do that is to build a niche affiliate site.
Just a tried-and-true business plan you can use to make money.
Andy Thompson has been a freelance writer for a long while. She is a senior SEO and content marketing analyst at Digiexe, a digital marketing agency specializing in content and data-driven SEO. She has more than seven years of experience in digital marketing & affiliate marketing too. She likes sharing her knowledge in a wide range of domains ranging from e-commerce, startups, social media marketing, making money online, affiliate marketing to human capital management, and much more. She has been writing for several authoritative SEO, Make Money Online & digital marketing blogs like ImageStation.