3 ms·

That's per year and doesn't keep up with inflation. To have financial independence, you need enough money so that $75k or whatever annual number you want is de

That's per year and doesn't keep up with inflation. To have financial independence, you need enough money so that $75k or whatever annual number you want is derived from the earnings of whatever your your sizable chunk of money is invested in.

sliverstorm 13y ago
What does financial independence have to do with that number? The article is about "happiness" and "enough". Fuck-you money is not required for either of those things.
- Casseres 13y ago
  The theme of this discussion is about freedom. That includes not having to rely on an external source of spending money, yearly income, "fuck-you" money, or whatever you want to call it. This is also known as financial independence. The $75k per year has to come from somewhere. If it's not interest from an investment or some other automatic payout, then you are not free because you have to work at making sure you always get that $75k a year to be happy. In paraschopra's comment about calculating how much is enough, he mentioned life expectancy. That tells me is isn't just considering an annual amount of money to be happy, but a greater amount from which the annual money comes from.
  - sliverstorm 13y ago
    Ah, you are right, I missed the part about life expectancy. Of course, the $75k number is based on working individuals- I expect the number will be completely different for non-working individuals. People who are not working both do not enjoy the same life-satisfaction that can be had from rewarding employment, and do not suffer the stresses of that employment, so who knows where the balance of happiness lies. Perhaps if we are talking about someone who is not working for their money, there is no such thing as "enough", as they have no happiness "cost" to simply having more money (as they do not need to work for it)?

3 ms·

That's per year and doesn't keep up with inflation. To have financial independence, you need enough money so that $75k or whatever annual number you want is de

by Casseres 13y ago

sliverstorm 13y ago
What does financial independence have to do with that number? The article is about "happiness" and "enough". Fuck-you money is not required for either of those things.
- Casseres 13y ago
  The theme of this discussion is about freedom. That includes not having to rely on an external source of spending money, yearly income, "fuck-you" money, or whatever you want to call it. This is also known as financial independence. The $75k per year has to come from somewhere. If it's not interest from an investment or some other automatic payout, then you are not free because you have to work at making sure you always get that $75k a year to be happy. In paraschopra's comment about calculating how much is enough, he mentioned life expectancy. That tells me is isn't just considering an annual amount of money to be happy, but a greater amount from which the annual money comes from.
  - sliverstorm 13y ago
    Ah, you are right, I missed the part about life expectancy. Of course, the $75k number is based on working individuals- I expect the number will be completely different for non-working individuals. People who are not working both do not enjoy the same life-satisfaction that can be had from rewarding employment, and do not suffer the stresses of that employment, so who knows where the balance of happiness lies. Perhaps if we are talking about someone who is not working for their money, there is no such thing as "enough", as they have no happiness "cost" to simply having more money (as they do not need to work for it)?