Do people need to have a certain amount of money to achieve financial freedom?

[pousinha]

Here and there in the Western countries, it looks like the strongest desire of average people is to stop to work in order to live on their investments/savings. Obviously, most of them are far from such a condition, especially considering that as time passes by, a governmental pension is not guaranteed anymore. So the risk to outlive their money and becoming forced to live on charity is too high. So impossible to reach a lifelong financial freedom, if lacking at least a discreet amount of money (if the money at our disposal is not large, we should stick with a downshifting living mode).

 

[Xtynehappy]

For one to achieve the financial freedom they must posses money, assets and the parmently income plans.

 

[King Belieal]

No matter the amount of money that you have, you should be able to keep the money coming in if you want to stay financially free.

 

[oldbuddy]

I don't think any particular amount is what counts, as long as what comes in is greater than what goes out and part of what you accumulate goes to work to accumulate more in the form of daily compound interest.

 

[Fidelia]

When you can have a functional passive headache, active and residual income stream that keeps producing and increasing, you already have financial freedom.

 

[pousinha]

If you give a look at Quora, you'll find many men asking if a certain amount is enough to live on your capital and interests or in any way if they could be considered wealthy (usually, they ask about amounts between 50K and 150K euros, sometimes even more than 150K). Unfortunately, in the Italian community, they receive harsh and even offensive answers, claiming 150K is crumbs. Well, I beg to differ, as I'm sure that 150 thousand euros, if wisely invested, can make the difference.

 

[Kross]

If you give a look at Quora, you'll find many men asking if a certain amount is enough to live on your capital and interests or in any way if they could be considered wealthy (usually, they ask about amounts between 50K and 150K euros, sometimes even more than 150K). Unfortunately, in the Italian community, they receive harsh and even offensive answers, claiming 150K is crumbs. Well, I beg to differ, as I'm sure that 150 thousand euros, if wisely invested, can make the difference.

It might be crumbs to them in their countries because they live in a highly developed country. But for some people from other countries, it is treasure.

 

[pousinha]

Yes, in fact, a common question of these users in Quora is where can I live with 50K euros, no need to work? As a lot of Europeans are looking for another country where to reach financial freedom only counting on a small amount.

 

[Min George]

For me, no amount of money can be surely staked as the yardstick for financial freedom. I think it is more about assets that you have.

 

[riberet19]

It depends a lot, for example on where you live or how you use your money, if you have enough money to create a few successful businesses, maybe you can get financial freedom with it.

 

[Xtynehappy]

Not really an exact amount of money but one needs to be earning so much money almost in daily basis for them yo have the freedom in the finances.

 

[Starmix]

In my case, only need a passive income and to make my milk tea business grow profitably. I could live on financial freedom through my business and investments.

 

[Nomad]

Financial freedom means having enough money so that you do not have to worry about money. Therefore, you need money to be financially free