Live the same

Do you know how much $$$ you need to never work again?

I started tracking my expenses at the end of 2021, so finally I have 3-year statistics. This is how much I've spent each year, not including travel:
- 2022 - $8400
- 2023 - $6612
- 2024 - $5876

My lifestyle has gotten more conscious and sustainable throughout the years, explaining the downward trend that contradicts inflation.

Travel cost me either $900 or $2500 a year - depending on the number and intensity of trips. 

So basically if I had $10k a year I would feel very comfortable, with a bit to spare 💜

To get that much in passive income I would need to invest from $100k (10% APY) to $200k (5% APY). Which is what some people earn from a couple of shitcoin trades 😆

And if I want to have kids someday, that amount would probably have to be doubled.

My wish for this year is to start receiving that passive income, hopefully I'll be able to amass enough capital 🙏

How big is that number for you? Or maybe you already live on passive income?

Farcaster OG 💜 serial dabbler • foodie • dog owner • co-host in /ecocaster 🌱

Cost of living will depend on where you reside. Requirements are considerably greater here. Car, holidays, afterschool clubs…on top of all of the standard overheads. Would barely survive a quarter on that budget.

Love getting lost in spreadsheets and equations, and then forgetting it all when my guitar begins to howl.

Absolutely!! I'm curious, what are your average yearly expenses?