What Is Your “F%&* You” Number?
A few weeks ago, I was having dinner with a good buddy of mine who's also in the process of starting a business. Like most dedicated entrepreneurs, he's working night and day to make this a reality, investing lots of time and money in the process.
Now, I know from personal experience that entrepreneurship isn't easy. It's tough to keep yourself motivated. So I asked him what he did to push himself along when things got tough.
My friend looked me straight in the eye, and said:
"My goal is to make five million dollars. If I had that much money, I'd just invest it, sit back, and say "F#$% you" to anyone who tried to tell me what to do."
I thought this was hilarious at the time. But later that night, I started thinking about the conversation. I realized that I wasn't that different. Like my friend (and many other people), I desperately seek complete financial independence.
That's when the idea of a "F$%# You" number hit me. This is that magic figure, the dollar amount at which we'll be comfortable living with for the rest of our lives.
Building up your earning power is tough. It's easy to lose motivation and start questioning ourselves. "Why do I really need to make that much money. Can't I learn to just live with less?"
Sure, you can. But remember, having more money isn't necessarily about buying more stuff. To me, the value of money is the freedom it can bring.
Once you have financial security, you are free to pursue your own passions. This may be starting another company or earning more money, but it can also include charitable work, hobbies, and spending time with your loved ones.
Essentially, the money is giving you the ability to say "F^%# you" to doing things that you really don't want to do. Because of the money, you don't have to.
When I think of money, I don't think about material goods. Instead, I see it as a gateway to a dream, a more ideal lifestyle.
Someday, I hope to open a small recording studio in San Francisco. I want to work with talented artists to record, produce, and commercialize their music for millions of people to hear.
I want to come home and spend the evenings with my family, not hunched over a computer trying to make some numbers add up. I want to go hiking on the weekends, and exercise every day.
And I don't want money to get in the way.
What is your "F#$^ You" number? What would you do with it?