How much money would you need to become financially independent in your country?

Deividas696

Power Member
Joined
Dec 6, 2017
Messages
525
Reaction score
162
This year I set a goal to become financially independent by the age of 32. I am 27 right now so I still have 5 years to achieve my goal. I know that financial independence can be really different for everyone and it depends on so many factors, especially in which country you live.

That's why I'm curious how much money would you need to achieve this goal in your country.

In my case, I'm living in an Eastern Europe country where the average salary is about 1100 Euros. But I'm living in the capital where you need more money to pay all your taxes, buy food and pay for your free time activities so I calculate that I need 1500euros/month.

By saying to become financially independent I mean to make that amount of money from the investments which will pay all your monthly expenses. Off course there any many ways how can you invest your money and the return rates can be very different. But different return rates also mean different risks. I calculate by taking quite low-risk investments by investing in real estate and renting it. In my country, you can expect about a 6% return rate after all taxes.

So in my case, I need 300k to achieve 1500Euros/month by investing with 6%.
What about you, how much would you need to become financially independent in your country and what kind of investments would you choose to achieve it?
 

Captain bd

Regular Member
Joined
Jun 30, 2022
Messages
469
Reaction score
213
For me, I would say 1.2-1.5 k $ per month.
. I would leave my job if IM constantly make me this amount. From south east Asia
 

Gnbnexi

Junior Member
Joined
Mar 20, 2022
Messages
132
Reaction score
94
For me, I guess $5k per month will be enough
 

0day.1337

Newbie
Joined
Oct 20, 2017
Messages
17
Reaction score
3
1000$/M will be enough to cover all basic needs, but of course you will need extra money to travel do other stuff
 

N1ckG2

Jr. VIP
Jr. VIP
Joined
Dec 17, 2011
Messages
2,016
Reaction score
981
You should invest in different things, not only real estate.

Land, gold, stocks, eft, crypto, start ups, etc and also different types of each for example with real estate you should buy apartments, shops, offices etc in different locations. With crypto you should buy and hold several coins and so on.

DIVERSIFY.

I wish you success.
 

limallo

Junior Member
Joined
Aug 23, 2022
Messages
100
Reaction score
21
Investment in gold and real estate is very safe. 2k $ month is enough for a happy life.
 

Cryptology

Junior Member
Joined
May 31, 2018
Messages
183
Reaction score
90
1.8k/month.
I would just need that amount to be able to focus 100% of my time on my passions and things I like (which means more business opportunities and more money in the long term)
 

jeronymo29

Senior Member
Joined
Nov 14, 2015
Messages
1,107
Reaction score
377
$2.5K a month would be enough for me to live a normal life.
 

Divisoria

Jr. VIP
Jr. VIP
Joined
Apr 27, 2022
Messages
291
Reaction score
241
in my country, i need a 6 to 7 figures to become a financialy independent
 
Top