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What’s Your Income Number For Freedom?

3 January 2011 826 views 12 Comments

What is your income number for achieving the freedom and flexibility you want?  Think big here.  I’m talking total freedom.  Freedom from a 9-5 job.  Freedom from slaving for retirement savings.  Freedom of location.

What level of income do you need on a monthly basis or daily basis in order to achieve your ideal lifestyle and freedom?

My number is $500 per day.

Sure that’s a high number, and I can definitely get by on less, but I’m aiming high here.  I want to build income streams that produce $500 per dayin alternative income outside of my main job or career.

I am going to be talking about this pursuit a lot this year in 2011.  $500 per day.  That’s my pursuit.  I hope you will join me on this pursuit.

What’s your number?

12 Comments »

  • wingtipwalker said:

    Is that pre-tax?

    # 4 January 2011 at 2:08 pm
  • 20smoney said:

    pre-tax yeah

    # 4 January 2011 at 2:27 pm
  • Ori said:

    Is that number reflective of working days (~200/year) or a full year (365.25)? Essentially, do you need 100k/yr or 182k/yr? Are you going to be following this post up with how you came up with that number? That would be interesting to me?

    # 12 January 2011 at 10:05 am
  • EastBaySailor said:

    My number would be a sliding scale in that when I paid off my debt (student loans, credit cards, etc.) I would need less in the end. To start right now I would want $400/day after taxes and that is based on 250 working days a year (52 weeks – 2 weeks vacation times 5 working days each week). Once I am debt free, I would need only half that.

    # 12 January 2011 at 1:18 pm
  • Guest said:

    Instead of 5 days per week , try 6 days per week. Why should you work only 5 when most people who hold 2 or more jobs work 6 or 7 days per week. You're not being realistic!

    # 6 March 2011 at 5:16 pm
  • pandora said:

    http://20smoney.com/2011/01/30/why-egypt-matters-…

    # 23 April 2011 at 1:50 am
  • internetdoktor said:

    And my number is 500$ per day but I have only 100$

    # 23 March 2012 at 4:13 am
  • Steven Cohen said:

    I want to say that SEC investigated Steve Cohen about insider trading but didn't find anything so far.

    # 8 April 2012 at 4:25 am
  • insider selling said:

    Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time.

    # 13 April 2012 at 3:50 am
  • dan post boots men said:

    The money market consists of financial institutions and dealers in money or credit who wish to either borrow or lend. Participants borrow and lend for short periods of time, typically up to thirteen months. Money market trades in short-term financial instruments commonly called "paper." This contrasts with the capital market for longer-term funding, which is supplied by bonds and equity.

    # 18 May 2012 at 5:17 am
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    # 5 July 2012 at 2:58 am
  • DPF Delete Kits said:

    $500 sounds great. If only I have that income, that would be really great. I'm gonna build a company so that I can also give employment to other people, specially the unemployed.

    # 24 July 2012 at 12:13 pm