We have been talking a lot about this concept this year . . . your magic number.
Think about it, how much money do you need to coming in each and every month to just maintain?
How much do you need to pay off debt? Then when that debt is paid off, what do you need coming in each and every month for a comfortable life?
You might get that residual stream from a variety of sources – owning a business, traditional rental properties, apartments, notes, or maybe vacation rentals?
One of our guest speakers for the June 14th MAREI meeting asks, what is your magic number?