How much money does a person need to achieve financial freedom?
Live around the world for six months a year.
The average room rate of top hotels in major cities is $1,000 per night, and the consumption is $150,000.
The average daily food and entertainment consumption of individuals is $500.
$75,000.
Travel to various places for $5,000-10,000 each time, and the consumption is $50,000.
A total of $275,000.
The remaining six months will be used to settle in first-tier cities at home and abroad.
A flat apartment is worth $3 million, and the annual property + tax + municipal fee is $40,000.
A villa worth $10 million, the annual tax + municipal fee + maintenance fee is $150,000.
The average daily consumption of individuals is $300, and the consumption is $55,000.
A total of $245,000.
Annual fixed expenses.
Housekeeping staff (cleaning + chef + driver), $50,000.
Two cars worth $500,000, gasoline + insurance, $20,000.
The monthly expenses for honoring elders and communicating with family members are $10,000 and $120,000 respectively.
Monthly allowance for my wife is $15,000 and $180,000.
Hobbies and personal shopping, $120,000.
Total $490,000.
Total expenses for the above years are $1.01 million. Based on a 4%-5% return on safe capital, the total assets that can generate cash income are approximately $20-22 million.
The above assets that do not generate cash income (cars + houses) total $13.5 million.
Net assets are approximately $33 million and RMB 250 million.
In this way, you can live a worry-free life as a modern little emperor, with someone to take care of you, your wife loving you, your family respecting you, you can eat whatever you want, go wherever you want, and do whatever you want. It's up to you.
I wish everyone who reads this article can become rich and free as soon as possible.
