INVESTING NOTABLE! What is the minimum amount one needs to be in the position of "FU"?

[Rabelo]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

 

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[jon.a]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

Why?

 

[Rabelo]

Why?

thing is,even though i'm still a student, i have been earning income that is way more than i usually spend , i want to know, is the feeling different when one is earning 7 figure income..if so....what is the exact amount

 

[jon.a]

thing is,even though i'm still a student, i have been earning income that is way more than i usually spend , i want to know, is the feeling different when one is earning 7 figure income..if so....what is the exact amount

There is no exact amount. I am as free as @MJ DeMarco. But he has more zero's.
We both can pay cash for shit. Me nice shit. MJ really nice shit.
You'll know when you get there.

 

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[MJ DeMarco]

what is the exact amount

$463,284.11 per year, at the time of this writing. That is subject to change, of course.

You've must have calculated incorrectly. My numbers say it's $465,350.13.

 

[Chinobey]

thing is,even though i'm still a student, i have been earning income that is way more than i usually spend , i want to know, is the feeling different when one is earning 7 figure income..if so....what is the exact amount

I wouldn't know but i'm guessing whether its a billion or a million as long as you are financially free and money isn't an issue or worry the feeling would be the same.

 

[jon.a]

@V8Bill wrote a good little book about this. I'm too lazy to look for the link. Maybe he'll pop in and drop it.

 

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[MJ DeMarco]

Do you want to live here?

Or here?

Or somewhere in between?

The answer will help determine your #.

 

[Rabelo]

@V8Bill wrote a good little book about this. I'm too lazy to look for the link. Maybe he'll pop in and drop it.

ok, thanks.i would appreciate the book

 

[jon.a]

ok, thanks.i would appreciate the book

Or, you could follow the link to his name and find it.

 

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[Rabelo]

Do you want to live here?

Or here?

Or somewhere in between?

The answer will help determine your #.

i want to live here..not on the first picture or in between.

 

[Rabelo]

Or, you could follow the link to his name and find it.

i'm on it. thanks a lot Sir

 

[Tanisha]

Do you want to live here?

Or here?

Or somewhere in between?

The answer will help determine your #.

but the bigger home will require more property taxes maintenance etc plus we dont know how much that would go up which could be exponentially

 

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[AndrewNC]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

Neither.

What if the very problem is simply the fact that you're attributing the amount of money you have on the outside to whether you can quit or not.

The answer is irrelevant because the question in itself is flawed.

Can you have $0 in your bank account and walk downtown today, talk to people, and sell them on some type of services you provide; coming home tonight $5,000 wealthier than you started?

Or will will you have $50,000 in your bank account, and have no clue how to bring products or services into the market place, allowing the money to quickly drain away from your mortgage payments, car loan, credit card bills, and other expenses?

What if the question is not about what you have, but who you are and what you are capable of doing.

What if in order to make it in this world, it's really about becoming the type of person who is able to make it on their own?

 

[Raoul Duke]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

 

[timmy]

Strange question to ask.......

Here is my take on it.

9-5 job ........... Sorry no chance.

When you make money before you put your shoes on in the morning you`re finally on the right path.

When you care little what things cost you`re getting into it.

When you value time more than money............You`re home

 

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[Tim Allen Jr.]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

For me it was when I hit 2.5k and knew I could grow my business. For me, the it was an fu 'event', not necessarily fu money.

 

[Ika]

I think there are different stages of F*ck you.

For me, the first stage is less about one specific number and more about the confidence in to create value & sell it.

In my case it means I'm able to learn a new skill and can create enough value for my clients for them to pay me - in a short period of time.

Now, that is not a level of F*ck you to live your life in complete freedom.
But it is enough to not longer be dependend on your boss to survive.


On the other end of the spectrum is the big F*ck you money pot - enough money to live however you want to do.
This number depends on your lifestyle, your monthly expenses and your money system.

If you don't know what to aim for, read @V8Bill s thread to get started. If you need more input, read his book.



Forum member's number won't help you, because they are living a different life and have a different money system.


Gesendet von meinem XT1032 mit Tapatalk

 

[V8Bill]

Or, you could follow the link to his name and find it.

Thanks @jon.a @Rabelo just follow the link in my signature to read the little story of my near wealth experience and download the audiobook.

Hope it helps.

 

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[G-Man]

i have been wondering what is the exact amount that you need in order to tell your boss it's over.

Depends on how much of an a**hole your boss is.

 

[Mattie]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

I personally don't think it matters how much is in your bank account. It's how much you believe your worth yourself. I've told people to f off, simply because they were my down fall financially. Freedom isn't always about just money. They liberation starts with your mind. If you look at any boss and employee service you're the submissive operator.

Told what you're to do on their terms. The Boss is the dominate figure. Holds the Power if you allow them too on their terms. Now they can be the best boss in the world, as I've had some great experiences. I've also had terrible experiences with other individuals. Health is number one key. I've heard many times their boss is the biggest Villain, and they make six figures. They are stressed, filled with anxiety, and depression. Now if you're aiming for Entrepreneurship, you liberate yourself from other controlling your life in all these areas. Still you have stress, anxiety, and depression. You just have control over your heath and finances by the choices you make alone.

When is it enough? I believe every Entrepreneur on the block has a different story in that answer. What will you sacrifice to have total freedom? Some sacrifice more than others. Some have a harder time than others in the process. There is no definite answer to give you.

 

[Olimac21]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

For me more about the money is what the job brings to you also on an intrinsic base. Even if I would get paid millions for cleaning bathrooms or having the worst boss possible I would prefer doing something else where I have autonomy and a sense of mastery in the workplace, whether as me as the owner or in a company where I have enough freedom to do interesting stuff.

 

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[qaerst]

i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.

You can't stick a number on freedom.
Learn that time doesn't have a price tag , because you can choose how much your time is worth.

Don't even start calculating numbers in your head if there is nothing that will generate those numbers.

Good luck with your future businesses!

 

[qaerst]

ok, thanks.i would appreciate the book

You also obviously didn't read TMF and UNSCRIPTED , otherwise you would've known that time is your most valuable asset.
Not money. Not saying "F*ck you" to your boss.

What's 7000 billion in your bank worth if you die tomorrow?
Think about that for a second.

Good luck & have fun with the books

 

[cutthroughstatic]

Great replies in this thread.

Your mindset is on money, a dollar figure. You need to shift your mindset. It's flawed.

I used to make a lot more money. I also used to spend a lot more money. By the time I quit my job, moved cross country, and started a business, I had no money. I had maxed out credit cards and a bank account balance teetering between $500 and $0.

I had learned enough in my "slowlane" regular job to have the confidence to enter the industry on my own. I wasn't waiting for a specific dollar amount saved or a replacement income stream. My focus had been to invest in experience and expertise - once I knew I could have success on my own, I went out and did it.

While my debt situation is better now, I can tell you after almost a year in business that I still definitely don't make as much as I used to. But it doesn't feel like work, and what I'm building is a long term play.

Don't focus on the monetary aspect. It's important, but your monetary needs are different from anyone else's. If you feel that you can provide value, and have the expertise to give you the confidence to go out and freaking crush it, then do it.

My guess is, since you asked this question, you're not there yet. You'll know when you're ready.

 

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[AgainstAllOdds]

You need at least $28,459 in your fastlane forum rep bank.

@Rabelo F*ck you.

 

[Thoelt53]

You need at least $28,459 in your fastlane forum rep bank.

@Rabelo F*ck you.

I'm not so sure...

My math comes out to $28,469 rep dollars.

 

[E-Sharp]

I personally don't think it matters how much is in your bank account. It's how much you believe your worth yourself. I've told people to f off, simply because they were my down fall financially. Freedom isn't always about just money. They liberation starts with your mind. If you look at any boss and employee service you're the submissive operator.

YES! When I first encountered the concept of FU position on this forum, I immediately thought it applied to more than simply x dollars in the bank or x amount of other resources; it starts in the mind, by knowing what you will and will not accept in life. And if you're not in a position to refuse certain treatment from a boss or employer now, it may be that you either don't realize your own value, or you need to develop it further.

 

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[JWelch]

In the past I told my boss to go F*ck himself with less than $400 in my bank account.
Does that constitute "F*ck you money"?

 

[E-Sharp]

In the past I told my boss to go F*ck himself with less than $400 in my bank account.
Does that constitute "F*ck you money"?

F*ck you money, or F*ck you position? I don't think they're necessarily the same.