Re:
Income is a function of satisfaction + desires.
Low wants, low income needs.
High wants, high income needs.
Even the super rich, when considering a % of their income spent on frivolous things, don't spend near the limit the middle and lower class do just to attain status or the appearance of wealth and happiness.
In terms of income, I will build it in stages. My personal feeling is, I'd rather have $1,000 passive income, than $10,000 earned income. Passive income comes in no matter what, and the more income blocks you construct the more you can do what you want, or give it away. Not to mention, earned income NEEDS to be turned into CAPITAL and PASSIVE income BECAUSE you won't ALWAYS have $10,000 earned income, obviously because it's "earned."
Once you hit a threshhold of PASSIVE income beyond earned, the EARNED is icing on the cake, and if you're hurt, injured, sick, or want days off, you can take them. The primary driver in school SHOULD be to teach CONVERSION of earned income INTO capital ASSETS and passive income so that people develop at LEAST basic, financial independence. Yet, they're taught to work FOREVER, as the sole source of their household income.
Ok, I'm rambling. I want $200,000 per month, just to "try" the lifestyle that comes with it. The jets, the planes, the gatherings, the lack of concern for anything, the possibility to own a sports team, yada yada. Not sure how I get there yet, but the journey of 1,000 miles start with a single step, so you learn to build mini cash flow sources and grow.
A-Unit
