Home    Subscribe    Write for Us    FAQ    Contact    HubGarden    Login

How much money would you like to save to stop working forever?

by joya. (follow)
I am a freelance writer, a food enthusiast and an explorer. Check out my weekendnotes profile: http:/ www.weekendnotes.com/profile/177032/
Life (382)      Money (148)      Work (103)     
Image by Maksim via Wikimedia Commons


How much money would you like to save to stop working forever? When do you think will you be ready to call it quits?

#Money
#Life
#Work
I like this Question - 5
Ask and answer questions for a share of ad revenue - click here
[ Submit an Answer ]
Top Answers
It is not about saving money consistently. Sure, save money towards acquiring some income producing assets such as property. Passive income is key, so the money keeps coming in whether you're working or not. For example, the rental income, and other income sources from my investment properties keeps rolling in, whether I am writing, editing and publishing or not. It's liberating. Saving money did set the wheels in motion, however it is about negotiating and acquiring the right assets. Work in a career you're passionate in, and that is a bonus.
When is enough - enough. You just need to look at the 2008 GFC to know that savings don't really have that much "credit" for the future. If you find the right job then working should not be too much of a chore.
A few years ago I thought a million was enough, but I have since re-thought that. To live and travel comfortably and to provide for my son I would need about $5 million. Most of that would get invested to keep generating income for the future. Although I doubt that I will ever retire ... I am not very good at doing nothing.
Because I have worked in ministry for many many years, and 70% of it is non-paying....I will not be able to stop working, until my health gives way.

I have no savings, and when comes time to stop, will have to get an old age pension which is only a few years away.I want to keep going for as long as I can.


More Questions by joya.
view all questions by joya.
Articles by joya. on Other Hubs
ID: 3831
Trending Questions
Categories
Health (520)
Life (382)
Parenting (216)
Beauty (142)
Food (693)
Travel (244)
Money (148)
Fitness (60)
Career (58)
Lifestyle (334)
Family (309)
Fun (277)
Children (252)
Home (187)
Shopping (184)
Personal (177)
Cooking (173)
Fashion (139)
Christmas (129)
Animals (118)
Wellbeing (113)
Kids (112)
Social (107)
Work (103)
Holiday (90)
Clothes (89)
Sleep (88)
Ethics (86)
Love (84)
Fruit (82)
Music (77)
Hobbies (76)
Body (69)
Silly (64)
Friends (64)
Healthy (63)
Advice (63)
Reading (63)
Hair (56)
Books (55)
Car (54)
School (54)
Nature (53)
Movies (53)
Women (53)
Medical (52)
 
Copyright 2012-2018 OatLabs ABN 18113479226. mobile version