Ok, here goes!
I'm 30 and self employed, have about 3,500 monthly "passive" income which could dry up slowly, but surely over the next few years if I don't tend to it. $400 of this passive income will be from interest from a very nice checking account setup. $100k cash, $10k life insurance/mutual funds setup and a paid off $125k house.
So, as a newbie on this front...what do I do? We are very frugal as a family. I would say we live off of around $2500 a month. Ultimately, I want to get to a point where we are financially independent and don't have to worry about much.
I'm 30 and self employed, have about 3,500 monthly "passive" income which could dry up slowly, but surely over the next few years if I don't tend to it. $400 of this passive income will be from interest from a very nice checking account setup. $100k cash, $10k life insurance/mutual funds setup and a paid off $125k house.
So, as a newbie on this front...what do I do? We are very frugal as a family. I would say we live off of around $2500 a month. Ultimately, I want to get to a point where we are financially independent and don't have to worry about much.