Originally Posted by Unregistered

Life is like that.

Only a few lucky ones in the world would actually love their work and are paid well for it. The rest of us would just be working for a living and to support our families.

So what we do? For me and my wife, we wanted to break this cycle for our children as we are aware that for each successive generation, they will find it harder and harder to get well paying jobs, even with good degrees.

We will continue to work as long as we can (we are already above 55) and saved and invest. Our aim is to built up a steady stream of passive income that will sustain us in retirement. This will mean that:
1. Our children will not be burdened with having to support us financially when we are retired
2. Our children can focus on building up their own families and finances
3. When we pass on, our children can continue to enjoy the steady passive income stream from our investment.

Right now, our passive income is about $130k pa plus/minus $20k.