I've crunched the numbers several ways and there's not really any way I can retire in 9 years with my current income level. I'm already saving around $2000/mo and cut my spending in most of the ways I know how. Even if I save/invest 65-75% of my income (which isn't very sustainable if I want to have any sort of life) it would take me around 20 years to retire. With all of that said I think you can guess what my solution is:
I NEED MORE MONEY! Passive, also known as residual income, seems like the way to go. I can devote my spare time to something that eventually will create an income stream that won't just swap out one daily grind with another.
Here are the ideas I've been rolling around in my head:
- Vending machine/bulk candy route
- Rental Properties
- Membership website with user generated content
- Some other semi-passive business with a leveraged worker
- Niche content website(s)
- Some other sort of leveraged business/website
- Affiliate (I'd rather not do sales, possibly creating an affiliate product)
Those are all of my ideas for now, lots of brainstorming to do ;)
