rcardin
Contributor
A different thread got me to thinking. (thanks Jill) What is the figure I am looking for of passive income to retire or at least quit the JOB?
As teachers my wife and I make roughly 90k a year. We live in a nice 4br2ba house. Our cars are paid for and we have 1 rental house. We have roughly 15 weeks of vacation time a year. We use our vacation time for major travels.
We have driven to Puerto Vallarta for a month, did Disney when our daughter was 5, Jamaica, 2 other trips to Playa del Carmen, Drove to see the Pepsi 400 in Daytona last summer and stayed on the road for almost 3 weeks plus we have season tickets to Texas Motor Speedway and have 3 day weekends camping 3 times a year with friends. Beautiful state parks in FL by the way. So vacations and time with the family are not a factor in our decision to go fastlane.
Due to No child left behind I no longer care about teaching as I used to. It has become too much of a J.O.B. and the responsibilty has shifted from the parents and the kids to the teachers for their learning. I need to come up with a figure that I would be comfortable with to just quit.
What is the level of retirement or "fastlane" that most want?
As teachers my wife and I make roughly 90k a year. We live in a nice 4br2ba house. Our cars are paid for and we have 1 rental house. We have roughly 15 weeks of vacation time a year. We use our vacation time for major travels.
We have driven to Puerto Vallarta for a month, did Disney when our daughter was 5, Jamaica, 2 other trips to Playa del Carmen, Drove to see the Pepsi 400 in Daytona last summer and stayed on the road for almost 3 weeks plus we have season tickets to Texas Motor Speedway and have 3 day weekends camping 3 times a year with friends. Beautiful state parks in FL by the way. So vacations and time with the family are not a factor in our decision to go fastlane.
Due to No child left behind I no longer care about teaching as I used to. It has become too much of a J.O.B. and the responsibilty has shifted from the parents and the kids to the teachers for their learning. I need to come up with a figure that I would be comfortable with to just quit.
What is the level of retirement or "fastlane" that most want?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.