[bsnss-mn-cdr]

I absolutely agree. I have had such roller coaster ride ( very little to mid six figures to negative to millions to almost nothing and then to a lot more than a few million ) by not being prepared, more than once, that I just started a blog about it. TheOfficialSoundtrack.com ( next post coming this week ).

[EDIT: I will add that IMHO FU money is /not/ a few million USD.]

[wake_up_sticky]

$3M would definitely be FU money to me. Not enough to live in opulence, but definitely enough to not have to work for a living.

[kls]

Yes I would define FU as not having to rely on anyone else for financial security. I would say conserved and invested well FU money starts at 2M USD. It is different from the mega rich.

[bsnss-mn-cdr]

I also thought this before I made the first few million. Except it’s almost impossible to keep the exact same lifestyle you had before ( if it was an 'overnight' FU event like the sale of a large asset ) as you have a lot of new possibilities that you never really payed attention to. It is easy to double, and even triple, your monthly expenditures and still be /very/ conservative with your money. A lot of these new expenses will come from traveling more, socializing more, helping friends and family out ( trust me, not matter how hard you try it will happen more than once ) and this is not even taking into account you starting new projects or testing new ideas that will certainly burn through some cash.

[kls]

Ye I agree completely, my point was just that, if you really really wanted to and you lived a bottom to mid middle class lifestyle to you stretch 2 million and never have to answer to anyone again.

I know that reality is a lot different. For example you start shopping for espresso machines and instead of buying the nice consumer model you go out and but the commercial model. The consumer model would have suffices but the commercial model is so much cooler looking.

It happen, everyone has something superficial that they are going to buy the top of the line of. For some it is cars for other it is a hobby but, yes this can burn up a lot of cash. I have seen a few though that have turned 2M into FU money, one of them actually decreased their standard of living because, not answering to other people, was the top priority in their life.

But, with a low amount like 2M it has to be your top most priority. Also keep in mind I am in Florida and not the valley so the economics are different. Here even at the peak of the land bubble a decent middle class house could be picked up for 200k and home ownership is a big piece of the FU puzzle.

[bsnss-mn-cdr]

Valid point. A person can make anything, and in this case make 2M work for the rest of their life, their true #1 priority is a dangerous person depending on that priority ;)