FU Money: A Realistic FIRE Movement Alternative

What if there was an easier way to get out of that job you don't like or that career path that's going nowhere?
Well, I think there is … and it's called FU Money!
CHAPTERS
0:00 Intro
1:04 What is FU Money?
1:46 FU Money Examples
7:11 How much FU money do I need?
#FUMoney #FinancialIndependence #FIREMovement #FICommunity #FamilyFinance #PersonalFinance
RESOURCES (Affiliate links below may provide us a commission)
Ally Bank (our family's FU Money savings account): www.ally.com
Mint (free budgeting app): www.marriagekidsandmoney.com/mint
Prefer to Read? Here's this video as a written article: marriagekidsandmoney.com/podc...
OTHER VIDEOS TO WATCH
Coast FIRE: An Easier Way to Join the FIRE Movement
• Coast FIRE: An Easier ...
10 Incredible Benefits of a Paid Off House
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Preparing for a Recession: Our Family's 5 Step Plan
• Preparing for a Recess...
MARRIAGE KIDS AND MONEY:
This award-winning blog, podcast and KZbin channel are dedicated to helping young families build wealth and thrive.
Each week, Andy Hill interviews personal finance experts, shares the best fintech tools and even discusses his own journey with family financial independence.
BIO - ANDY HILL:
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not ""talking money"", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.
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DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.
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CREDITS
Research & Writing: Andy Hill
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[@MarriageKidsandMoney]

If you had "enough" FU Money, what would you do?

[@PrincessZelda609]

Creating an FU Fund was one of the best financial decisions I have EVER made. It allowed me to leave a very corrupt agency that was worsening my anxiety and overall mental health. I resigned on Feb 2nd as I worked on securing my next job, a federal position in another state. I just received that start date, April 8th. Until then, I've been chillin'. While my son is in school I prepare my move, work out, binge watch tv shows, and play video games. I want to be in the right headspace for my next position, and being able to afford to sit out from work for 2 months and mentally get myself back together has been a blessing!

[@MarriageKidsandMoney]

A powerful testimony for FU Money! Way to go!

[@davidwelty9763]

He’s really describing an emergency fund. True FU money is when you can ALWAYS say FU, not just once or twice.

[@MarriageKidsandMoney]

A great way to think of it!

[@genxretiree]

FU provides UF (unlimited freedom!). We have about five years of FU readily accessible…but we own the business so we’d be saying FU to ourselves. I also like to call it our smooth operator fund since it smooths out the road when the investments get volatile (like 2022). I hope Sade approves.

[@MarriageKidsandMoney]

Gotta love that! Where do you keep the 5 years of cash?

[@genxretiree]

@@MarriageKidsandMoney Ah great question! We keep a good chunk in our friend Ally for quick access and the overflow is in a state and federal muni bond fund at Vanguard. We're in a high tax bracket so keeping taxable income low is a goal of ours.

[@deathbyvanity1955]

help me become financially free

[@JosephDickson]

For me, 24 months expenses would be a practical place to start. Sounds like a lot but it gives someone two years to reset.

[@MarriageKidsandMoney]

I like it! All cash or some investments?

[@JosephDickson]

@@MarriageKidsandMoney I'd probably go with three months cash and the remaining 18 in I-Bonds. Naturally this requires a lot of laddering up and advance planning that could take several years.

[@aeconiglio]

Brand new subscriber... THANK YOU!!!!!!

[@MarriageKidsandMoney]

Thank you so much!! Let me know if you have suggested topics or questions

[@TheCelmap]

I have only 2 months of emergency fund of my living expenses, however, march 2023 will reach Lean FIRE. Since I have been living frugally almost cheap for damn 10 years I will enjoy my paycheck for 6 months and then will work on increase my emergency fund to 1 year worth of cash.

[@MarriageKidsandMoney]

Sounds like a great plan! Super saving can get tiring without a destination - I’ve felt that burnout for sure

[@TheTaytay198]

I’d like to see an episode on buying health insurance, the costs involved and why it is so expensive while so many people pay nothing. I lost my corporate job and the wife works for a small firm and her group benefits weren’t affordable so my son and I had to get pvt insurance.

[@MarriageKidsandMoney]

Great topic. I’ll work on some content for it.

[@autobotdiva9268]

your county doesnt have public health? check into it

[@tasneemmalik7743]

Yes!! No one discusses health insurance. Self-insuring a family of 4 can cost upwards of $1200/month. So any FU budget needs to include health insurance costs.

[@leitm3912]

@@MarriageKidsandMoney If you're willing to live abroad for over half the year you can qualify for International health insurance which is like 10% of the cost of US insurance.

[@kwokweng76]

i love all topics on FU money

[@MarriageKidsandMoney]

Money in the bank is empowering!

[@kindredkey]

My ultimate money goal is Financial Freedom... FU is a intriguing tool to get here I just have to get clear on what I'll be doing with the time besides SLEEPING! 😁

[@MarriageKidsandMoney]

Oh man, I love me some SLEEEEEEEP

[@kerrylow6894]

Brilliant info!

[@MarriageKidsandMoney]

Thank you!

[@TheFirstRealChewy]

We need enough FU money so that we can transition to not working. I guess that's just FI then.😅

[@MarriageKidsandMoney]

Truth! FU (savings) to FI (investments)

[@whodey2112]

Nice shirt!👍😉

[@MarriageKidsandMoney]

Thanks! I love it. You may see it in the next 100 videos -- haha

[@P__114]

Nice new shirt

[@MarriageKidsandMoney]

Thanks!

[@FIRE_DrNinjaTurtle]

I am paying off consumer debt and will my real estate rentals providing the FU money

[@MarriageKidsandMoney]

That’s a great plan!

[@tighttdasbino2928]

This isn't fu money. This is recession proofing. FU money buys a house, shht box bullet proof car, with the rest invested to pay taxes, repairs, and hopefully utilities. After that all you need is food, gas and hobbies.

[@MarriageKidsandMoney]

We all have our own definition of FU Money! That's what makes personal finance so ... personal.

[@mabuhayproductionltd3627]

Dangerous if the Wife had a nice FU savings, it might as well be You that gets the FU Note and has to split everything i too. I have seen it happen, suddenly FU/FIRE money droped by 50%, expenses to a new single house/flat increased a lot, cost for psychology help cost a lot ect. They whole plan is set back many years. You are on your own. good luck

[@LC-gu2sc]

I totally understand. We had a plan , 1 million in property. Divorce hit had to split everything. Now building back up. Life happens. Stay focus, keep goals in mind.

[@blueeyes2007]

100k isn’t enough as a fu money!!! 😅

[@MarriageKidsandMoney]

Worked for us!