Passive Income Needed To Retire
Putting in the time upfront can pay off for the first year and a half of the blog we invested thousands of hours and thousands of dollars into how to fire before we started earning any real money.
Passive income needed to retire. At first i was all excited to quit working next week. So i shifted my focus. If the average american household income is roughly 56 000 then to be able to retire with passive income we need to build an income greater than 56 000. I take the approach you mention at the end.
You need to invest a significant amount of capital that will generate these cash flows. Then i slowly realized how much money i would need to generate a passive income. If your taste is a bit more extravagant then you need to take your specific situation into account. However it takes a lot of effort and planning to generate a passive income stream.