Good morning everyone.
How much do I actually need to stop worrying about finances and live freely?
This is a hard question to answer because every day of our life, our needs and wants increase and the economy sometimes is not always friend with us. Day by day prices of goods and commodities increases and decreases due the economy inability to be stable.
I will need over a billion to solve my problems and to live freely. The things I basically need and want are sometimes out of my reach and cannot afford them.
Basis needs live shelter, clothing, food, education and health care are sometimes expensive. The price of food stuff in the market are insanely high and you will need up tens of thousands to feed you and your family a day. You can spend up a hundred thousand just in a week just for food to feed yourself and the family.
You will need a good amount of money to purchase cloth, shoes, jewelries and other materials used in dressing for yourself and the family. You can spend up to fifty thousand just to buy good cloths for yourself and hundred thousand for your kids. To be able to get a good shoes for yourself and the family, you need to spend up to five hundred thousand to be able to get a quality shoe for yourself and the family.
For a person who is living in a rented apartment like me, you will be thinking of getting money to build a house for yourself and your family. To build a standard house a person needs over up thirty million to build a house of get standard and valuation.
You will have to pay school fees for the kids to go to a good school to learn, electricity bills for every month, healthcare services, tax, house rent etc. All this will can sum up to one hundred thousand per month. You will also have to send money to people like your parents and sibling if the are depending on you for help.
So I will need up to a billion to solve my problems and only have to worry about things that are less important and that can be easily taken care of.
Thank you.