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Anna Morris 🎩🍿
@klusya
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?
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Kriptokotya
@kriptokotya
Anna, that's great! I do wish you success in achieving your goal this year! As for me, I’d also love to reach a passive income that fully covers my expenses. But not too long ago, I realized that this idea frustrates me more than motivates me. The main reason is renting an apartment, which has become my biggest expense and is highly sensitive to inflation. So it seems like I’d be better off shifting my focus to something more achievable That’s also why I’ve slightly changed my approach. Even though I’ve always tried to save money regardless of my income, I’ve decided to spend more on travel and experiences. I don’t want to postpone life entirely, especially if my journey toward passive income takes longer than expected The same goes for having a child. I used to firmly believe that I needed to own place to live first, but now I’m not so rigid about it :))
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Anna Morris 🎩🍿
@klusya
Thank you dear 🙏 I feel your concerns, they are very valid! Renting is so tough, so I feel like you've made the best decision to live life to the fullest 🙏
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