Re:Ask HN: What's the minimum amount of money you'd consider...
by petersalka on Wednesday December 08, 2010 @01:17AM
(#1982103)
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.
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.