There was an interesting post yesterday by Alex from JasonandAlex.com. He basically said $5,000,000 * 6% Interest = $300k in interest every year and he'd take that all day long. That is pretty much the way I've looked at it. If you can get to a point where your safe investments are making you $150k to $300k a year in interest you are looking good.
It's funny because the number seems to change alot for me. When I started it was wow i could maybe make $100k a year from this. Then it became I could maybe make $1mil from this. Then it becomes wow $3mil would be nice. Then $5 mil is doable. Then $10mil. It never ends. Your expectations go up before you even hit the target.
I think right now the number in my head is $7 million. That's the amount I would want to have to comfortably walk away from the biz and feel good about it. My rationale is that gives me enough to buy a few homes in different cities i want to live in, gives me money to put away and get a guaranteed payday on and gives me enough money to turn around and start up something new if i want to. That is my target number these days.
I'd love to know what guys like Lens, Brad Shaw, etc are gunning for.
