How much money should one have to be considered as financially independent?

Rasheed · June 30, 2020

JosephKnecht · June 30, 2020

It is not about the amount of money. You have to earn more than you spend.

If you earn a million but spend two million, you are still relying on daddy to pay the bills.

Red-White-Light · June 30, 2020

@Rasheed You must be free from debt, wage slavery, etc.

rav · July 1, 2020

Calculate your expenses per year. All of them, even the little stuff like a drink here or a seminar there.

Take that number and multiply it by the years you have left until the age of 100 (or whatever age you wanna reach).

Then double it for unforeseen expenses in the future and now you roughly know how much you'll need.

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