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Posted On: 01/21/2024 7:27:49 AM
Post# of 27263
‘F you’ money
Building enough wealth to say, ahem, “forget you” isn’t just about reaching a specific monetary figure, the Ficks say.
“It’s also a feeling,” says Jessica. “It’s the amount of money you feel you need to get out of a bad situation, or to take advantage of an opportunity, like leaving a toxic job or starting a new business.”
This number will vary depending on lifestyle factors such as whether you have children and how easily you could pivot to a new job in your field if your current one isn’t working out. It doesn’t have to be in cash — you can count investment accounts, for instance, if you’d be willing to tap them under the right circumstances.
But that willingness is key: “It’s not ‘F you’ money if you don’t feel like you can use it,” Jessica says.
Building enough wealth to say, ahem, “forget you” isn’t just about reaching a specific monetary figure, the Ficks say.
“It’s also a feeling,” says Jessica. “It’s the amount of money you feel you need to get out of a bad situation, or to take advantage of an opportunity, like leaving a toxic job or starting a new business.”
This number will vary depending on lifestyle factors such as whether you have children and how easily you could pivot to a new job in your field if your current one isn’t working out. It doesn’t have to be in cash — you can count investment accounts, for instance, if you’d be willing to tap them under the right circumstances.
But that willingness is key: “It’s not ‘F you’ money if you don’t feel like you can use it,” Jessica says.
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