If you invest $500 per month for 40 years and get 6% interest, you'll end up with almost a million dollars.
$6,000 per year is a significant portion of your take-home income if you're making the median income in the US, but it's possible.
Re:The most precious resource is agency
by lotsofpulp on Thursday July 01, 2021 @12:00PM
(#27700544)
Having $1M (or even $2M or $3M) 40 years in the future is not FU money. Not to mention that if you are unemployable anyway due to old age, you do not need to say FU to anyone in the first place.
There is no set amount you need to make or save. The goal is to learn what you don't need. One of the things you don't need is to say FU.
Re:The most precious resource is agency
by lotsofpulp on Thursday July 01, 2021 @04:29PM
(#27704354)
The thread stems from onion2k’s claim that a regular job will never get you to “FU money”.
Also, counting a home’s net worth in assets does not make sense to me unless you can afford to greatly downsize at anytime and the market is liquid.