Based on over 2,100 votes, $5M is the #1 vote-getter to feel financially free. I personally chose $10M because $10M is what’s necessary to generate $250,000 in risk-free income based on today’s interest rates. Somewhere between $5M – $10M seems reasonable, depending on where you live.
The interesting thing I’ve discovered once you obtain F You money is that it’s still extremely difficult to tell others to F Off! Everybody fantasizes about telling someone who wronged them in the past to go screw themselves, but once you get to this level of wealth it’s more common to turn apathetic than belligerent. Society has an incredible way of keeping people in check.
I’ve been tempted to tell annoying strangers who judge me online while providing no value to the conversation to F Off, but instead, I always defer to a more inquisitive response. Using their perspective, I can often write a new comment commentary post with a new theme to keep the party going!
THE BENEFITS OF FU MONEY
There’s an old saying that, “hell is other people.” If you think about all the pain and suffering in your life, it’s generally due to someone else. The sheer act of telling someone to F Off is a response to getting rid of people who make your life hell.
The following are five incredible benefits of FU money I’ve written about in the past:
1) You stand up for what’s right more often. There’s a lot of crap in the world that goes unchallenged because people are afraid of the repercussions. How many times have you bit your tongue because you were worried about the consequences? When you have FU money, you are more confident to speak your mind when you see an injustice because your survival doesn’t depend on your reputation, a person, or a company.
2) You care less about what other people think. Caring less about what people think is Yin to the Yang of standing up for what’s right. It feels liberating to have insults and insinuations roll off your back. There’s less desire to try and get even or one up your dissenter because you’re already set. Insults are usually hurled by unsettled people who want what you have. They are insecure and hope to bring you down to their level so they can feel better about themselves. Showing neutrality or even compassion is the preferred method of action.
3) You become even less afraid to fail. I’m a perpetual failure in many things because I keep trying to challenge myself to do new things. Once you have FU money, your failures aren’t going to crush you anymore. Instead, your failures just beat up your ego until it naturally re-inflates once more because your default setting is a good life with lots of freedom. When you’re less afraid to fail, your chances to succeed at new things go up.
4) You hang out with people because you want to, not because you need to. There are times when you need to go spend time with someone you may not particularly like because you need something from them e.g. business, connections, a job, etc. When you have FU money, you have the freedom to only hang out with people you like. Everybody else be damned.
5) People don’t piss you off as much anymore. The only people who piss me off are those who are perpetually late, those who say one thing and do another or those who are two-faced rat bastards. But I’ve noticed that once you have FU money you simply stop hanging out with such people because you don’t have to. As a result, less people piss you off! Even if someone inevitably disappoints you, you don’t care as much because you don’t need or want anything from them.
MONEY ACTUALLY MAKES YOU A BETTER PERSON
Money simply allows you to amplify who you ALREADY are. If you’re like most people, then having F You money isn’t going to suddenly turn you into an asshole. Only people who are already assholes tend to become bigger assholes once they have money!
I’ve found that having FU money actually has the opposite effect for most people. Money makes normal people less agitated, less insecure, and much more appreciative of what they’ve got. Why else do you think so many people swing so far left in the political spectrum once they have money? Why else do wealthy people, especially those who achieved their wealth through inheritance, try and give back as much as they can?
Having FU money actually brings a lot of guilt into the individual’s psyche. They realize they are one of the lucky ones because goodness knows there are plenty of other more deserving people out there who aren’t as lucky. The more money you have beyond what is required to be happy, the more you have a desire to give back to society and be nicer. You actually feel bad for those who hate you the most.
In fact, once you have FU money, you might find it harder to tell people to F Off because society expects you to be more appreciative.
WHO DO YOU WANT TO SAY FU TO?
I don’t blame my boss for giving me a bad bonus my final year in finance because conditions were tough and he allowed me to get a severance package. The severance package was the #1 reason for giving me the confidence to work on my online endeavors, which has ballooned to something greater than I ever expected.
Even after all my recent rejections, I’ve got no desire to tell my rejectors to F Off because they are nice people at the end of the day who needed to make tough decisions. They don’t want to fail themselves. And again, even the random annoying commenters are just projecting something wrong with themselves, so I sometimes like to figure out what’s bothering them for a new post.
The only people I want to say FU to are inconsiderate drivers who cut me off or drivers who are texting and talking. They’re unavoidable because we have to share the road. Oh, and for those who don’t pick up after their dogs and allow their dogs to bark incessantly at night or in the early hours of the morning, F You! Otherwise let’s have peace on Earth.
RECOMMENDATION TO GROW YOUR WEALTH
Manage Your Finances In One Place: One of the best ways to accumulate FU money is by tracking your wealth with Personal Capital. They are a free online platform which aggregates all your financial accounts in one place so you can see where you can optimize your money. Before Personal Capital, I had to log into eight different systems to track 25+ difference accounts (brokerage, multiple banks, 401K, etc) to manage my finances on an Excel spreadsheet. Now, I can just log into Personal Capital to see how all my accounts are doing, including my net worth. I can also see how much I’m spending and saving every month through their cash flow tool.
The best feature is their Portfolio Fee Analyzer, which runs your investment portfolio(s) through its software in a click of a button to see what you are paying. I found out I was paying $1,700 a year in portfolio fees I had no idea I was hemorrhaging! There is no better financial tool online that has helped me more to achieve financial freedom. It only takes a minute to sign up.
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Updated for 2017 and beyond.