2 ms·
Maybe we need to find a clearer definition of FU money. It should most likely be the value of current, highly liquid assets that ensure one's long term financi
by petersalka 16y ago
Maybe we need to find a clearer definition of FU money.
It should most likely be the value of current, highly liquid assets that ensure one's long term financial security and independence.
A steady income of $250k a year should be enough for most people to enjoy a very comfortable life and potentially build up a certain amount of wealth. But what happens if you loose that stream of income (due to illness or a change in economic or political factors)? You may run out of your accumulated savings quite quickly and in turn loose your independence and security.
So far, the suggestions have been:
$2 million,
$6 million and
$20 million.