You are viewing a single comment's thread from:
RE: My Quest for Creative Financial Freedom Pt. 2: Gawk at My Pathetic Finances!
Good luck and i really enjoy financial freedom topic too. My plan utlimately is to project how much i need to spend per year and then divided by 4% to get the capital i need. This assume 4% is the average return one can have with diversified portfolio. Inflation may kick in so you need a bit buffer as well.
Ya - sounds like you are following the same exact strategy as me. My goal of one million dollars is based on a yearly income of $40,000, which is a 4% return per year. It's not too crazy!