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Originally Posted by ZoomZoom71  Passive income is what you can earn and NOT have to be present for it. Rental income is one way. |
Ok, I wouldn't call rental passive income there is a lot of work to manage rental properties unless you have someone do it for you. However, I'm not an expert I just watch how much work my parents put into there two properties.
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401k / retirement very, very important. If work doesn't offer one do a roth or other solution. You should target 10% of your income. It may hurt to start but you will be amazed how much you can put away.
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Other goals focus on life don't get caught up in the rat race. Take a vacation every year for at least a week strait. This is very important to your health I can tell you this from first hand. Try to get focused on some sort of basic workout 2-3 times a week. It is very hard to start the discipline once you are older. again from first hand exp...
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Focus on the relationship before you think about kids... We waited 7 years before having kids and we don't regret it one bit. It gives you time to get to know each other before bringing in another that divides your time together. I guess what I'm saying is you don't need to be in a hurry but wait until the time is right and you will know when it is.
