Do you strive to become a net-worth millionaire? What does having a million dollars in equity do for you? How about $1 million in your 401K?
In reality, you live on cash flow. Therefore, it's not about the size of your nest egg; it's about how much money it produces.
How much recurring monthly income would you have if you lost your job? That is the actual test of passive income.
Life is about collecting income-producing assets, like dividend stocks and rental homes. Once you create enough passive income streams, you can retire and focus on becoming rich. Good Luck!
