why would he tell me that? I thought it was a bit crass and rude.
why would he tell me that? I thought it was a bit crass and rude.
Ok, he meant he has money for you to attend Fordham University, known as FU.
pedestrian123 wrote:
why would he tell me that? I thought it was a bit crass and rude.
You millennial s are always looking for a handout or inheritance.
Move out of his basement.
He's hoping you're good enough to get into Furman.
You aren't.
Must mean his payday loan came through.
Most people that have F you money don't say they have F you money.
“F U money” is the kind of thing that only middle class people who think they’re rich talk about. Let me guess: your dad is a working stiff who thinks he’s a baller because he finally worked his way up to a low to mid six figure salary?
fyi this means he has enough money to last anywhere between 10 years and forever without a job and has the power to tell the company "FU I'm out" if it ever gets to that point. It's quite liberating and far far better than spending money on crap you don't need that won't make you happy.
I also have FU money see user name.
quickndirty wrote:
Must mean his payday loan came through.
Most people that have F you money don't say they have F you money.
he's telling his kid not some rando. you can discuss finances honestly with your children.
middle class wrote:
“F U money” is the kind of thing that only middle class people who think they’re rich talk about. Let me guess: your dad is a working stiff who thinks he’s a baller because he finally worked his way up to a low to mid six figure salary?
this is somewhat true but having a high 6 figure to low 7 figure net worth is rare for the middle class in our culture and worthy of praise. So many people people live paycheck to paycheck. 40% of americans wouldn't be able to come up with $400 in an emergency without borrowing.
3 mil in the bank wrote:
fyi this means he has enough money to last anywhere between 10 years and forever without a job and has the power to tell the company "FU I'm out" if it ever gets to that point. It's quite liberating and far far better than spending money on crap you don't need that won't make you happy.
I also have FU money see user name.
You are lying about the definition of FU money. FU money is the amount of money necessary to be able to do whatever you want without repercussion. Bill Gates has FU money. You have a decent retirement fund.
you are redefining a well established term used by the FIRE community. a quick “what is fu money” will tell you this. get with the program.
Be the good child. You may inherit it some day.
3 million is hardly FU money
I’m worth 3.4. after bonus is paid in march, that’ll be 3.6. at a 4% safe withdrawal rate that’s an indefinite $144K per year I can spend without ever running out. I live on well below $144K/yr even in a HCOL area with two kids. I most definitely have the power to tell my org to F off.
but I won’t. will grow it to at least 5 mil before punching out sometime before I hit 40.
and yes, could you please have my deck ready by EOD.
3 mil in the bank wrote:
quickndirty wrote:
Must mean his payday loan came through.
Most people that have F you money don't say they have F you money.
he's telling his kid not some rando. you can discuss finances honestly with your children.
middle class wrote:
“F U money” is the kind of thing that only middle class people who think they’re rich talk about. Let me guess: your dad is a working stiff who thinks he’s a baller because he finally worked his way up to a low to mid six figure salary?
this is somewhat true but having a high 6 figure to low 7 figure net worth is rare for the middle class in our culture and worthy of praise. So many people people live paycheck to paycheck. 40% of americans wouldn't be able to come up with $400 in an emergency without borrowing.
Think about it in terms of running. A 17 flat 5K guy is probably faster than 99% of the running population, but everyone here realizes how far from elite 17 minutes really is. Yeah, it’s a good time, but not good enough to be worth bragging about.
Same goes for having a low seven figure net worth.
Gramps wrote:
pedestrian123 wrote:
why would he tell me that? I thought it was a bit crass and rude.
You millennial s are always looking for a handout or inheritance.
Move out of his basement.
OH LOOK - a decrepit boomer who paid $300 for college steps to the plate with the pointless non sequitur!
nagoya wrote:
Gramps wrote:
You millennial s are always looking for a handout or inheritance.
Move out of his basement.
OH LOOK - a decrepit boomer who paid $300 for college steps to the plate with the pointless non sequitur!
Why are you so bitter?
3 mil in the bank wrote:
I’m worth 3.4. after bonus is paid in march, that’ll be 3.6. at a 4% safe withdrawal rate that’s an indefinite $144K per year I can spend without ever running out. I live on well below $144K/yr even in a HCOL area with two kids. I most definitely have the power to tell my org to F off.
but I won’t. will grow it to at least 5 mil before punching out sometime before I hit 40.
and yes, could you please have my deck ready by EOD.
so.....why on earth are you wasting time working? seems like you aren't placing a very high value on your life if you are wasting it away at some job that you just proved you don't actually need to do.
3 mil in the bank - I am in about the same boat as you, with a nice house completely paid for and no debt, but I would in no way consider whatsoever that I have "FU" money.
One must remember with the health care system here in the US that if a person gets sick when getting older they can find big chunks of their wealth going out the window - all the more so if both the person and a spouse or significant other gets sick too.
I would only feel in the FU money range if I had 3 or 4 times the amount I have now. I am not sure I am aiming for that, but I am not walking around thinking anything other than I have to treat money very well and watch expenditures.
That sounds a bit crass, i will agree with you to that extent.
I hope he had more of a conversation with you than that.
The reason i say this is because, being in a similar situation and having a son that is just ready to go off to college, it brings to mind how we handled it. I've never disclosed to my son how much we have and don't intend to, maybe ever.
Money in this country is a very loaded subject.