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.
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.
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Wrapping It Up: Fuck You Money Guide 2023
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.