Hey it's Paul here,
A few week ago i posted something about myself wanting to retire, the more i read i realized that the term retire is very vague. the more i dig, the more i know, the result is; that i know nothing.
I'm 28 with 40k income / year
my wife earns 40k income / year as well.
rental income of $900/ month = 10800 / year.
unearned income (passive income) ~ 1500/ month = 20000/ year.
My expenses is ~about $3200 a month. $1800 is the mortgage.
we both live below our mean although not by much. here is the reason why.
I've spend most of our saving to drug, alcohol and gambling, etc. Just kidding. LOL.
In seriousness, I spend most of our saving to build my own business and hopefully someday an empire. i have about 70k investing in it. Its a restaurant business. that is how i earn those passive income.
My goal is to build an empire. if and when my money is making money for me around 5k a month ~60k / year. Then I can retire. Retire to me mean I can work or not work less than 10 hours a week. 9 month out of the year would be ideal. i dont wish to sit down and do nothing all day though.
A few week ago i posted something about myself wanting to retire, the more i read i realized that the term retire is very vague. the more i dig, the more i know, the result is; that i know nothing.
I'm 28 with 40k income / year
my wife earns 40k income / year as well.
rental income of $900/ month = 10800 / year.
unearned income (passive income) ~ 1500/ month = 20000/ year.
My expenses is ~about $3200 a month. $1800 is the mortgage.
we both live below our mean although not by much. here is the reason why.
I've spend most of our saving to drug, alcohol and gambling, etc. Just kidding. LOL.
In seriousness, I spend most of our saving to build my own business and hopefully someday an empire. i have about 70k investing in it. Its a restaurant business. that is how i earn those passive income.
My goal is to build an empire. if and when my money is making money for me around 5k a month ~60k / year. Then I can retire. Retire to me mean I can work or not work less than 10 hours a week. 9 month out of the year would be ideal. i dont wish to sit down and do nothing all day though.
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