Yes well i think when we consider financial independence it's more in the scope of financially independent to do what? As you brought out in the article that is quite dependent on your lifestyle. Maybe you feel you should live like a hollywood celebrity to be financially independent i don't know.

Then we have the simpler ideas like your $2000 per month example which i think really makes more sense. In that you're probably dealing with basic wants and needs like a roof over your head. Food on the table., clothing protection etc., These things if there were some break in your ability to go out everyday and earn or stay in. if that break occurs would you be able to sustain and maintain those basic needs.

So i can throw out some numbers i think relevant to this idea. The first ideas i'd throw out is concepts of poverty. In poverty you have the idea of " relative poverty". This indicates that maybe you're poor but only in relation to the guy next to you. He owns a yacht you own a fishing boat. On that scale you're poorer than he is.

The other concept of poverty would be absolute poverty. Obviously this is the homeless person. This is the guy can't afford medicine. He can't afford to feed his family. It's a clear and present problem that needs immediate attention.

The last stat i'll throw out to you is the idea of research done on what happens when most people earn over $75k per year. So what happens is you generally and i know this from experience as i remember going through several transitions of higher earnings. First thing happened in my experience and seemingly goes along with the study is. I noticed that i'd go from pay period to pay period and i'd still have enough money. I could miss paychecks and so on and not be worried.

Then i started driving pretty much any car i wanted. Minus like exotic half million dollar cars, lol. however for me as a bachelor as well it was more than adequate. So based on the study. The conclusion was that you'd reach your maximum use and happiness from money around that level. Which actually made sense to me.

So then it becomes subjective in the idea of financial independence. However based on this information there is a line obviously. Like you wouldn't catch obviously a guy who can't provide basic needs going i'm checking out i have enough. Obviously it wouldn't be healthy for him to consider that. So the financial independence does have a line.

I'll say this and i'll wrap it up. So the next mistake i hear alot is ideas like use disciple, live within your means. I'm a ubi advocate because i think those ideas are ridiculous. Here's the problem as a guy who's worked on wallstreet for the biggest firms in the world. I've been a junior economist i understand how ridiculous it is for people to think they have control over this monetary system and very limited control of their own money.

Now granted in some western nations you do have a limited control. Unless it's a bad economic collapse or something you pretty much can move money here or there. The issue though is your money is controlled by inflation and taxation so no matter what you do you're still under the gun so to speak of just how far and limited that control is. It can get worse at anytime and it does history has shown us that.

So my point is the idea of financial independence where it counts should lie in something like ubi or basic income which i'm an advocate of as well as many famous conservative economist. It's a reason for that. It's because we have a great deal less control of our money than we think. Like we're under an illusion we can adjust. We can adjust but in a very limited scope and a very unrealistic scope for most of the world. That's why most of the world is poor.

So i dont think it should be a conversation about the well being of humans when often times the control of our resources and money is a machination of politics and not resources. It's like having a large farm of food and hungry people ask to eat and you don't let them eat tons of food you can't eat and have to throw away. That's the political and flawed economic system we have to create. When in many prehistory times and throughout the ages there were laws of hospitality that woudln't allow you to refuse others some of your bounty which made sense. I think it destroys the human spirit when we start to gather capitalistic ideas like " my right" to resources and thus my freedom should not allow you to eat. I think it's a very backwards situation. I think crypto is very primitive and backwards and most of the early participants.