This is the situation my wife and I are in now.
You will have all your needs and occasional luxuries covered by your wealth. This is where you have enough investments to live the life you’re accustomed to completely independent of work. This is the level where you have enough money to cover all your basic needs, plus some of your extra spending wants, like nice clothing, dining out, entertainment, and small luxuries. You’re not spending lots of time and energy struggling to pay your bills everyday. If you have this level of wealth you can explore other ways to make money.
This is the basic amount of income you personally need to cover your current housing, utilities, food, transportation, and insurance costs. Tony has been a role model for me because he’s really talented at making complex situations simple to understand. In his book, Money Master the Game, Tony Robbins outlines the process of building wealth.
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