Old news. How about providing some ideas of solutions to this problem. Like, I dunno, tax the rich... 🤔
I certainly don't live debt free, though the debt I have has a ROI that makes it worth having.
What amount would be enough to consider yourself financially free? $30K in savings? $100K, $500K, $1 Million?
Personally, to be "financially free" I would need enough investment income to cover all my expenses without making any sales/withdraws. Ideally this would include owning my home outright. So probably in the neighborhood of one million. I doubt I will ever get there.
300x my average monthly expenses invested. (Based on a 4% withdrawal.) Multiple ways to get there.
If I spend, not earn, 1K per month, then I need 300K invested.
I'm actually the polor opposite of that, as are many.
Financial Freedom? I don't understand. You might as well be calling me an asshole in Greek.
I'll feel free when i finally have savings
Money makes money.
Feedback loop concentrates the money towards those with more money.
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