LIVEHow much money does an individual need to have to achieve financial freedom?
Living around the world for six months every year.
The average room price of top hotels in major cities is US$1,000 per night, and the consumption is US$150,000.
The average personal consumption of food, drink and entertainment is 500 US dollars per day.
$75,000.
Traveling around various places costs 5,000-10,000 US dollars per trip, and consumption is 50,000 US dollars.
A total of US$275,000.
The remaining six months will be spent settling in first-tier cities at home and abroad.
A flat-floor apartment worth US$3 million, with annual property + tax + municipal fees of US$40,000.
A villa worth US$10 million has an annual tax + municipal + maintenance fee of US$150,000.
The average personal consumption is 300 US dollars per day, and the consumption is 55,000 US dollars.
A total of US$245,000.
Annual fixed expenses.
Housekeeping staff (cleaning + cook + driver), US$50,000.
Two vehicles worth $500,000, gas + insurance, $20,000.
Honoring elders and family communication cost 10,000 US dollars and 120,000 US dollars per month.
The pocket money given to my wife is US$15,000 and US$180,000 per month.
Hobbies and personal shopping, $120,000.
A total of US$490,000.
The total expenses for the above years were US$1.01 million. Calculated based on a safe capital return rate of 4%-5%, the total assets that can generate cash income are approximately US$20-22 million.
The assets mentioned above that do not generate cash income (cars + houses) total US$13.5 million.
The net assets should be about US$33 million and RMB 250 million.
In this way, you can live the life of a modern little emperor without any worries, having someone to take care of you, your wife loves you, your family respects you, you can eat whatever you like, go where you like, and do whatever you like.
I wish everyone who reads this article will become rich and free as soon as possible.
Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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