This is an AI translated post.
The standard of economic freedom
- Writing language: Korean
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Base country: All countries
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- Economy
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Summarized by durumis AI
- Recently, as interest in economic freedom has increased, many people dream of "living for themselves."
- However, it is necessary to consider concretely how much money is needed for economic freedom and how to achieve it.
- In particular, it is important to realistically calculate the cost of economic freedom that suits you, letting go of greed.
One of the recent trends is economic freedom.
The vague concept of economic freedom, YOLO (you only live once), emerged.
In a low-interest rate, liquid market environment, office workers who have succeeded in investing are retiring early from their companies, and the concept of economic freedom is being concretized as FIRE (financial independent retire early).
Life is only once!
Achieving economic freedom and living life once!
Live a life for yourself, not for others!
This is what many people dream of.
A life of economic freedom.
What would the vague concept of economic freedom be?
If you translate it into an amount that replaces your salary, how much would it be?
Five hundred dollars a month, two thousand dollars a month, three thousand dollars a month?
The answer I think is... 'It's different for everyone.'
Don't need anyone else's standards.
The important thing is how much your standards are.
It's important to think about it concretely.
Not just a vague number, but concretely.
You should consider it in terms of fixed expenses + variable expenses + mental space expenses.
Fixed expenses = basic utility bills, insurance premiums (+ health insurance premiums), academy fees, transportation costs, clothing costs, food costs, etc.,
Variable expenses = wedding gifts, parents' birthdays, health checkups, travel, flex expenses, and
Mental space expenses = you have to have some spare money left over after paying all the fixed and variable expenses,
You need to have some money left over.
These three costs are all different for each person.
The benchmark amount may be different for each person, but 'the more, the better' is
important.
The problem is 'the more, the better', but to fill that,
You have to put in a lot of time and effort.
Most of the time, even if you put in all that effort,
you don't achieve it.
From here, you need to let go.
You need a mindset.
This mindset or state, which is called 'letting go of greed', is
a truly 'difficult mind'.
Based on a letting go mindset,
let's calculate the specific economic freedom cost for each person.
