If you ask yourself what amount of money you'd need to be financially secure, is it 10 or 100 million dollars?
It obviously depends on how much you want to spend and in what time frame. Or maybe we're asking the wrong question.
Do you need more money, or just the right attitude?
Is being debt-free, in control of your expenses and increasing your wealth, while not working a job you hate, enough to be 'financially secure'.
If you are debt-free, control your expenses, and focus on increasing your savings on a monthly basis, you can survive tough times, such as a layoff, for months, or even years, without a change in your lifestyle. You will also have the freedom to quit a job you don’t like and take your time finding a new job, preferably one that you will enjoy.Read more from this post by Michael Mihalik, author of Debt is Slavery (and 9 Other Things I Wish My Dad Had Taught Me About Money). How do you define financial security?
What Is Financial Security - [GetRichSlowly]
