Red Pill Money: Saving a Fuck You Fund
Anyone with corporate experience knows what miserable, micromanaging cretins most bosses can be. It doesn’t take long for a man to start to get fed up with an atmosphere like today’s estrogen-rich office. To add insult to injury, HR harridans are ready to lay the smack down for the tiniest thoughtcrime offense in today’s hellish world of political correctness.
The final straw for me was when the pencil-necked geek of a boss I had told me my college degree and all my certifications didn’t matter because college graduates are a dime a dozen these days. As true as that statement may be in the economic world, you just don’t talk to your employees that way. He was a condescending know-it-all jerk off in many other ways, so that lit a fire in my belly to save as much money as I could. And you should do the same. Especially in today’s sellout economy, in which workers’ lives are as interchangeable as pogs (milk cap and soda cap games) to sociopathic corporate management.
As durable an employee as you may be, ready to withstand the storms of life in the modern Office Space hell, the day might, nay WILL come you wish to tell your boss or the HR harridan to fuck off. A day when they’ve simply gone to far in their unrealistic demands. Or, even a day when you’ve decided that taking a cross country trip with your buddies is more important than toiling away at some nonsensical job. With the right amount of money saved up, it will be your Take this job and shove it moment.
It is for this reason every Red Pill man must have a Fuck You Fund ready at his disposal. If you’ve read the other articles in The New Modern Man Minimalism and Money section and followed their advice, you’ve already set a budget, you’ve already started adopting the principles of minimalism, and you’re either on your way out of debt or already out. Beyond a minimal emergency fund of at least one month’s worth of expenses, your goal should be to build up six to twelve months of expenses. This means you can go at least half a year up to an entire year without having a job and not have your quality of life affected.
Once you know you have $10,000 or more saved up, your entire outlook on work will start to change. Your boss won’t seem quite so powerful. You will always have the comfort of knowing you are not one paycheck away from living under a bridge like the poor bastards known as Beta providers who are chained to their job by the sow the likely have living at home. You’ll begin to look at money differently too, once realizing it buys freedom.
Building up a Fuck You Fund is one of the most empowering things the career man can do. Here’s how to do it:
- Save up a “starter” emergency fund of one month’s of expenses
- Design a zero-based budget
- Pay off all consumer debt
- Never go back in debt for a car
- Save 50% of your income (yes, at least half!)
Once you get to the point of saving half or more of your income, for each month you work you’ve earned a month of freedom in which you do not have to work! Work a year, and you can take a year off finding a better job and finding yourself, rather than putting up with Fuck Face & Co. every day of your short life. Moreover, once you’ve got a fat bank account, you won’t be prone to taking abuse from a boss, you won’t find yourself stuck in a desperate situation without making changes, you’ll have greater confidence, and you’ll be better choices about life and your career.
Dave Ramsey often stresses the importance of building up your emergency fund. His web site says:
The reason to have an emergency fund is simple: You don’t know what’s going to happen in life. Money magazine states that 78% of us will have a major negative financial event in any given 10-year period. You need to have cash ready to help you survive if you lose your job or your heater breaks in the dead of winter.
Your emergency fund should be liquid, meaning you need to keep it in a place where you can get to it easily and quickly. The best option is a simple checking account or money market account that comes with a debit card or check-writing privileges. That way, you can pay that doctor or wrecker service with the swipe of a card or stroke of a pen.
The only difference I have with Dave’s recommendation is that beyond 1 to 2 months of expenses I would never leave a ton of money sitting in a bank account not working for me. Most mutual funds only have a 30 day window in which their is either a penalty or you cannot withdraw your money. Beyond 1 to 2 months of expenses, I’d leave the other 10-11 months in a mutual fund.
Case in point: I recently needed money from one of my mutual funds to cover unexpected expenses. I called Fidelity and within a day the money was direct deposited into my bank account.
So, get started building your Fuck You Fund today. Businesses count on having a supply of workers who depend on them and can’t make it a single paycheck without them. This is at least part of the why corporations are becoming so abusive to their employees these days. When the day comes they want to push you over the edge, you can stand up straight, look them in the eye, and tell them: You know what? Fuck You, Charlie. That’s what having a Fuck You Fund is all about.
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