Here’s something I’ve been thinking about lately: How much do you need?
Whether you’re in debt or you’re saving for the future, how much would you like tax free? And what would you do with it? What’s your “perfect sum”?
If I could get tax free money today, what I’d like most (tax-free to do whatever I want with) is $150,000. That would be enough to pay off all our debt right away, put some into retirement, and put some into savings. Plus there’s some places I’d like to give money to if only we had more. Debt puts some dampers on one’s giving.
Of course, it’d be awesome to have more to save and invest and give away even more. And we can make do with a heck of a lot less. But my biggest goal right now is to be well out of debt…and this would do it.
Now it’s your turn. If you’re game, I’d love to know more about you. How much do you need?
(Bonus question: How can you move towards that?)