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My real estate passive income / exits brought $190K net after taxes each of the last 2 tax years (and growing). I can only manage to spend about $40-50K per year total living expenses now that I am overseas, travel a lot, but no longer have a $3K per month rent. I try hard to spend a lot of money, but the fancy hotels and business class flights are mostly free due to credit card rewards points / travel hacking.
So you think I would ever need more than $250K passive income if I have kids? I won’t raise them in an expensive Western country. When I say passive since my real estate is mostly in LP syndications it takes up less than 10-15 hours PER YEAR of my time. If I have a wife that doesn’t work plus 2 kids do you think my living expenses would more than 5 X?
