FINANCIAL FREEDOM: How Much Money Would You Need to Never Worry About Money Again?

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 19 January 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode is a deep dive into a concept that most of us have probably never stopped to ponder: How much money would I need to never worry about money again? If the answer is, "There's no amount of money that would make me stop (insert hyper-frugal habit here)," this episode might be a must-listen for you. We'll talk resources, privilege, time, and the ultimate existential crisis-inducing question: What's the point? Moreover, is there a mathematically sound or reasonable way to calculate that number? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.8	Hello my lovely rich girls welcome back to another episode of The Money with Katie podcast.
0:08.1	Now I'm getting to the point where I'm pretty sick of the fact that I don't have a catchy jingle,
0:13.3	so stay tuned. I think I think we can figure something out. I think there's maybe some
0:19.3	impending news that you should keep an ear out for, but all that to say hopefully this podcast is
0:25.8	about to really get levelled up, but in the meantime I have an episode for you today that I wrote
0:33.6	on kind of a whim after an interesting experience. If you follow along on Instagram you probably know
0:40.7	what I'm referring to and I'll tell you all about the experience, all the replies I heard, the
0:47.2	conversation that ensued in the episode, but just know that in today's episode we're really going
0:53.5	to focus on some of the bigger philosophical and psychological questions about money,
1:01.0	financial freedom, what freedom even means, what financial freedom even means, this weird obsession
1:07.4	and the financial independence community of like pretending to be poor question mark. I don't know,
1:13.2	it's kind of crazy, but it did come up in the conversation and I think it's worth talking about
1:17.6	because it kind of highlights the inherent, do I want to use the P word? Yeah, the inherent
1:24.0	privilege in conversations about wealth and financial planning. So I also know though that a lot of
1:31.9	you like to listen to this podcast because you told me for the deep dives and the numbers and
1:37.2	kind of those more hairy explanations of financial topics, so stick around to the end because at the
1:45.3	end I'm going to give you a formula or a methodology for calculating what your pie in the sky
1:53.9	more money than you could ever need. Number really is and that number I think is going to give you
1:59.7	a sense for how to rationally approach, mathematically approach this question rather than relying on
2:06.8	emotion, which I think is what most of us do. So enjoy the episode, I would love to know what you
2:11.9	think. Remember you can always email me at podcast edmoneywithcudy.com. Okay, here we go.
2:18.1	So the other night I posted what I thought was a straightforward question to money Twitter
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