It's been 2.5 years. Update on my current income streams:
salary $24k
rental 1 $3.8k
rental 2 $3.5k
side hustles $8k
dividends $2k
interests $1k
Total: $42.3k
Net worth is about $4.5m.
Still constantly worried about losing my day job. Don't dare to buy a conti car even though it's been my dream to be able to show off and keep up with my close friends who are doing well.
Quote:
Originally Posted by Unregistered
My current income streams:
salary $23k
rental 1 $2.5k
rental 2 $2.2k
side hustle 1 $6k
side hustle 2 $1k
dividends $1.3k
Total: $36k
If I retire I will lose my salary of $23k, leaving $13k.
However, these are my expenses:
parents 4.5k
helper 0.7k
ppty tax 0.4k
credit cards 6k
bills 0.5k
loan 1 6k
loan 2 3k
income tax 3k
Total: $24k
If I exclude income tax, it is still $21k. Granted that both loans are technically paying off properties which are assets, they are still depleting my cash.
Am I able to retire?
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