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How much Money is Enough for you?

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I was recently reading an article about Financial Independence, as this is one of the most talked topics in the personal finance domain. A lot of self-proclaimed financial gurus talking about their journey to Financial Independence as well you see 100s of questions on Quora about it. So what exactly is Financial Independence, I have taken the definition from Investopedia

Financial Independence, Retire Early (FIRE) is a movement dedicated to a program of extreme savings and investment that allows proponents to retire far earlier than traditional budgets and retirement plans would allow. By dedicating up to 70% of income to savings, followers of the FIRE movement may eventually be able to quit their jobs and live solely off small withdrawals from their portfolios decades before the conventional retirement age of 65.

PC: Pixabay.com

Now in simple terms, Financial Independence is that an individual will have enough money to live their whole life without doing any job, which can be achieved through saving 70% of one's salary. That means to attain financial independence you have to live with 30% of your salary, now that's somewhat impossible for me for the current salary which I am drawing. Though I am not talking about myself here, it's all about the general public might be for some it's feasible and for some, it's not. What actually I am curious to know is how much is enough for an individual, enough to retire early, or enough to not work again.

Now enough can be enough for survival, if you want that then you can achieve Financial Independence too early, enough for comfort then it will take little more time whereas if you want enough for luxury which will be a lot considering what all luxuries you want. For survival, you will not purchase anything only essentials whereas for the comfort you will be purchasing essentials and some gadgets whereas for luxury you will purchase whatever you want.

Now if I talk about myself I want comfort, where I will not buy things which I don't want at all but I will buy stuff which will make my life a little comfortable. I will not buy a house but I will rent a 2 BHK instead of 1 BHK for my family because I have earned to live my life comfortably. But again for me, Financial Independence means that I will not do 9-5 job, but I can still spend my time online to do some part-time hobby or can wander around to get cool photos which I can sell. For me, financial independence means that I will be away from the pollution and population of a city, and stay peaceful in my hometown. For me financial independence does not mean I will not work, for me, financial independence means that I will work if I like to instead of getting forced upon.

PC: Pixabay.com

Now to achieve the financial independence I have a figure in my mind that is that much I will need, but I know its enough because you never know what is the feature looks like. So my question is for you, how much is enough for you. Since I have been working from the last 8 years and I know what's my total income till now and what is my total expense till now, thus I know I have not saved enough but I am not actually worried about my past. The next thing is to check my assets and liabilities, the good thing is that I don't have much liability i.e. no loans at all and thus it gives me much more freedom to achieve the financial independence.

But the only thing which I always think before going to Financial Independence is why to waste your life energy now to have a better life tomorrow, will you live in the future? The energy we have now is the precious life available to us, and the money we get as a salary is by trading that energy. That means we all are doing a business selling our energy to get the money from it, and thus we need to make most out of it to be financial freedom. But the energy we have now will not be there when we get older, so even if we save 70% of the money don't forget to invest in yourself too. Because investing in yourself makes you enjoy that freedom which you get after financial independence.

What's your plan for Financial Independence?