Approximately how much money do you need in your country to consider yourself financially free?

[riberet19]

In each country it's different, depending on the cost of living and other factors, so how much money do you think you would need in your country to be financially free? In my country, I would say approximately $300,000, but it could even be more depending on the city you live in.

 

[Springtime]

The cost of living in Hong Kong is very high. I would say, to be financially free, you need to have your own apartment/house, plus at least $2million.

 

[riberet19]

The cost of living in Hong Kong is very high. I would say, to be financially free, you need to have your own apartment/house, plus at least $2million.

Wow, that's too much, but yes, you're right. I saw a documentary a while ago about the housing crisis specifically in Hong Kong, where I even saw people renting cages to live in. Astonishing.

 

[eLdavis]

To be honest i can't think of an exact number when it comes to this question cause there are so many factors to consider.

 

[Fire&Rain]

financial freedom really depends on where you’re living and what lifestyle you’re aiming for. In some places, $300k might stretch far, but in bigger cities it barely scratches the surface. It’s less about the number and more about managing expenses smartly so the money actually lasts.

 

[Fidelia]

You would need about $20k worth of investment to be considered financially free here in my country now.

 

[riberet19]

You would need about $20k worth of investment to be considered financially free here in my country now.

What is the cost of housing in your area right now?

 

[Augusta]

I don't think it about having money but having a job that's ongoing so that you never lack money

 

[riberet19]

I don't think it about having money but having a job that's ongoing so that you never lack money

That's not the case, because the question says financially free, the word itself says it: you are free because you don't have to work for money, the money works for you.

 

[Augusta]

It is good to have a passive source of income where money comes in without you having to work daily for it

 

[Cpvr]

To be honest, I'm not entirely sure, but I would estimate around $40k-$50k a year.

 

[riberet19]

To be honest, I'm not entirely sure, but I would estimate around $40k-$50k a year.

wow, that's a lot of money, well I see in your profile that you're from USA, that makes sense...

 

[Trush Jodie]

If you can make up to $10k per annum in my country, you can he said to be living a financially free life.

 

[Augusta]

If you can make up to $10k per annum in my country, you can he said to be living a financially free life.

Yes I believe especially if you stsy in a no too expensive country or regions.