Currently, I have managed to generate a passive income that covers 61% of my expenses and my net debt has reduced to $28,000. The below are what I wanted to achieve in the next 20 years:
Next 5 years
I hope to generate a passive income that covers 80% of my expenses and my net debt to be reduced to $0.
Next 10 years
I hope to generate a passive income that covers 100% of my expenses.
Next 15 years
I hope to generate a passive income that covers 120% of my expenses.
Next 20 years
I hope to generate a passive income that covers 150% of my expenses. I hope to retire by then if possible.
2 comments:
Next 10 years
"I hope to generate a passive income that covers 100% of my expenses."
At this time, you will be in wealth accumulating phase if you have zero debt. You will surprise yourself how fast you will be a millionaire, no need to wait another ten years if you can stick to zero debt.
I also wish to be in your position. Ha! Ha!
Hi Temperament,
Ya, targeting zero debt and wealth accumulating is my main objective as of now.
Regards
Freedom achiever
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