Important Update from the Founder: After a year of growth, changes are coming to Discussion Bucks. Read the full announcement here.
The amount strongly depends on one's spending habits. People who want a luxury life at whatever cost, must have a huge amount to cover all their expenses. On the other hand, people who get the downshifting lifestyle habits, if they don't need to spend too much into drugs and doctor, only need a small amount.how much should one have to attain financial freedom?
It is called suicide if that is the case. We don't want to be in trouble doing luxurious lifestyle. Our lifestyle should reflect that we are financially free.I guess yes because if you don't have the required amount of money to pay your bills and to enjoy luxuries then you cannot call it financial freedom.
No, what I mean was if we say people are living financially free, then they should have the amount of money that can sustain them even without working day job. Or doing extra business. Apologies if I used "suicide" to describe it -- it is like hitting his own head with a stone to die. I don't know if I am making any sense.We need money for our survival and there is nothing wrong if we like to enjoy certain luxuries of life as once even smartphones were a thing owned by rich so if we can do things in a controlled manner then its not suicidal
Yes, dear friend, that's the point: when we are free of debts and we don't need to constantly live on the charity of our relatives/friends/neighbors, we can consider we are financially free (there are people who call this lifestyle financial independence, while they say financial freedom means we don't need to work any more). Well, I can say for me the financial independence is enough to be glad.Yes, we do need to have a certain amount of money to be financially free. How much we need depends on your lifestyle. If you live luxury life, you need to have a lot of money and assets. For me, I just want a simple and peaceful like. If I own a house/apartment, no worry to pay for my bills, have the ability to buy something I want, can travel once in a while, have enough savings for emergency use, then I consider myself financially free.