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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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links 🏴
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My number is much higher than this! We’re a family of four living in a high cost-of-living area, so we start at 10x your bottom number 😅 That being said, we consume much less than our peers, so we’re not in terrible shape. No car, no mortgage, no debt. Consuming more is a bad habit that is easy to pick up - the more you consume the more you want to consume. Breaking that habit is difficult but doable for everyone.
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Anna Morris 🎩🍿
@klusya
Thanks for sharing, the difference is striking! I totally agree with you, less consumption is key. No mortgage & debt is already a gift in itself!
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