I love the term FU (F*ck you) money. It’s the amount of money you need to be totally independent from everybody.
Kevin Rose got his FU money after selling his first bit of Digg and it made it easier to say no to investors because he personally didn’t need the money anymore. His decision could be purely based on a business decision, what was best for Digg.
I have some FU money, not as much as Kevin, but it gives me a certain level of independency from employers and customers, because I know I will make it without their money. It gives you just the right amount of freedom and still the urge to create your next success story.
This guy however has an amazing response on why he is buying these three things with his FU money:
Handley wanted to buy three things, and they weren’t a mansion or a yacht:
- A trip to Africa
- A ticket to space
- A letter Napoleon wrote to his generals
In his speech, he explains his unusual purchases.
“19,392 is apparently the number of days that I have left to live,” Handley starts. “And although it sounds like a lot, over the last few years I’ve come to realize that it probably takes you a good five years to achieve something meaningful. Turns out that 19,392 is really only 10 of those 5 year blocks. So when you think about having to achieve ten things and that’s all you’ve got, you’ll be much wiser in how you spend each of those chapters…”
/via This Is The Best Way An Entrepreneur Has Ever Spent His FU Money on BusinessInsider
So what are you going to do with your 10 5 year blocks?