What is FU Money

 Today when I was watching YouTube videos on investment. I stumbled across the term FU money. I am sure that we can all guess what is FU stands for in this context.

FU Money - the money that we need to say Fxxk this job, I quit! (vulgar way of saying this)

The actual meaning is - the amount of money needed to maintain your desired lifestyle without needing employment/assistance from anyone.

With this ongoing pandemic, it is an excellent time to start thinking about FU money. If we have FU money, it does not mean that we need to quit our job. We will feel safer because we will be assured that we will be financially stable even if we lose our job.

How Much Fu Money is Enough?

We have to ask ourselves how many months/years we want the Fu money to last - a year or so for us to get our dream job, do the thing that we like, or venture into other options, e.g., YouTuber Ecommerce or even retire early. The amount of Fu money needed differs for each individual; some would like to have a lavish life while others want the FU to cover just enough for survivability.

For starters, I would suggest you list down your daily expenditures for a few months. After that, you can average them out and multiply them for 12 months. This would give you an idea of how much FU money you need for a year. At the same time, please add in some extra cash for rainy days.

How to get FU Money?

There are 2 ways to get it - the slow way or the fast way. 

Slow way

The slow way is the traditional way. You can achieve this by saving a significant portion of your monthly salary by putting them in investment, e.g., mutual fund, fixed deposit, gold, and Robo advisor. When you retire after a few decades, you will have enough money from the investment to support your lifestyle. 

Fast way 

The fast way can be achieved by creating an automated income method. This method will help you to generate FU money even when you are sleeping automatically. Some methods are educating yourself to become a savvy investor/trader, real estate investments and creating your own business.

In a nutshell, the fast way is the way to go. You just need to decide on one of the methods for e,g establishing your own company, staying focused on the method, and eventually getting your FU money in no time.