Think lower levels of energy, anxiety, depression, less good emotions. They include:Ĭhasing them has been proven to make you feel, well… shitter. You want the money because it buys you the freedom.Įxtrinsic goals are aspirations that are out of your direct control. You’re chasing money, which is just a means to an end. Research would suggest this is not the healthiest of goals from a psychological perspective. Then, it’s just about setting out the achieve that number right? You’ve figured out how much it costs you to live and how many months of freedom you’re able to purchase. Chasing F*ck You Money: What The Research Shows Really what we’re talking about is equating a dollar amount with a feeling of freedom, and that’s going to be different for every person.Īnd there’s one other tiny problem with this equation: chasing a fluctuating future dollar figure won’t make you happy-even if you achieve it. The guy who’s the sought-after expert on nuclear fission is going to feel a lot more secure than the McDonald’s employee who can be replaced the next hour.īut whether it’s a lifetime or a few month’s worth of money is unimportant. Your number might be different now than it will be in five years when you have another kid, move to another part of the country, or decide to retire earlier.Īnd clearly skills play a big part. What’s clear is that not only are the definitions subjective, but they’re also transient. Others have quipped that their f*ck you money is how much they’d need to buy a lambo, a house in the Hollywood Hills, or my personal favorite-the amount of cash they’d need to get a face tattoo: Common wisdom suggests this is anywhere between 6-24 months’ expenses, depending on your risk tolerance and skill set. Not enough money to stop work indefinitely, but enough to tell your boss to f*ck off in the present. Without a job you’re still able to maintain basic level of security, buying yourself time to accumulate new skills, find a new job or start a new project. Having enough money to walk away from your current job without having any short-term worries.
Tim Ferriss’ Dreamline exercise is a form of radical goal-setting that helps calculate an exact daily income target for your dream lifestyle. In other words, the justified use of the phrase “cuz f*ck you, that’s why” if anyone dares to question your purchase. Spending Powerīeing able to afford anything you want. The amount of money you’d need to live off of for the rest of your life considering your current spending habits. Here’s a detailed online calculator from Vanguard. Most people equate f*ck you money with one of the following: 1.
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